Project Name: AssetFusion
Project Track: DeFi
Team Name: bundlers
Team Member(s): Gaurav, Ravi
HackerEarth Project Link: Hackerearth submission
Project Goal: AssetFusion’s primary goal is to create a decentralised ETF creation platform on the Tron blockchain. Our project introduces a user-friendly and innovative approach to crypto investing within the Tron ecosystem. By simplifying the creation of diversified portfolios through asset bundling and index tokens, we make investing accessible to everyone, even those with limited knowledge in DeFi. This inclusivity not only enriches the Tron ecosystem but also empowers a broader audience to participate in the world of digital assets, fostering growth and financial inclusion.
Here are some key aspects of the project’s goal:
- Decentralisation: AssetFusion is built on blockchain technology, ensuring a decentralised and trustless environment. This means that fund management and portfolio creation can be done without relying on centralised intermediaries.
- Ease of Use: The platform’s user interface is designed to be intuitive, allowing financial advisors and fund managers to create diversified portfolios with just a few clicks. This simplicity opens up investment opportunities to a broader range of users.
- Efficiency: AssetFusion utilises smart contracts on the Tron blockchain to streamline the process of creating and managing ETFs. This automation reduces the administrative burden and minimizes the risk of errors.
- Transparency: The use of blockchain ensures transparency in portfolio composition and transactions. Users can verify the assets held in their ETFs and the historical records of all transactions on the blockchain.
Project Value: AssetFusion offers several significant benefits and adds value to the DeFi and crypto investment ecosystem:
- Efficiency and Automation: AssetFusion leverages smart contracts to automate the creation and management of ETFs. This not only saves time but also reduces the potential for human errors in portfolio management.
- Security: Blockchain technology provides a high level of security. AssetFusion’s use of the Tron blockchain ensures that user assets are protected, and transactions are tamper-proof.
- Accessibility: The platform’s user-friendly interface makes it easy for both seasoned financial professionals and newcomers to create diversified portfolios. This accessibility democratizes the world of ETFs and crypto investments.
- Cost-Effective: By eliminating the need for traditional intermediaries and their associated fees, AssetFusion offers a cost-effective way to manage diversified portfolios.
Project Website: Asset Fusion webapp
AssetFusion.pdf (442.5 KB)
Project Test Instructions:
Go to https://asset-fusion.vercel.app/
To buy any Fusion token
- Select any Fusion token and click on ‘Buy’
- Enter the amount of token to buy, and approve the transaction.
You can also create your own fusion tokens.
- Connect your wallet, and click on Create Basket
- Add the required token details and the underlying tokens composition and publish.
Project Details: assetfusion on Vimeo
Smart Contract links: TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器 , TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
Work we completed during hackathon.
- Build and deploy Smart contract on nile testnet.
- a working UI to create, buy and redeem Fusion token.
- Deploy the project on mainnet
- integrate with multiple dexes for better rates
- Use bridges to bring in more investible assets
You are welcome. You got a lot to update. Waiting for your updates. All the best
Welcome to Season 5, waiting on updates as your buidl progresses.
I am still working on the project development, will update the details soon.
This is great idea. Looking forward to the final submission !!
Welcome to season 5,
If i can get a demo video to better understand what you are building, i will be very grateful.
Wishing you all the best though.
Welcome to Grand Hackathon Season 5, if am not mistaking I think what you are building is similar to a lending platform or what?
I think more details are also needed to better understand what you are currently building
Greetings @dhalla ! Your project seems to be missing details on:
HackerEarth Project Link:
Project Test Instructions:
Smart Contract Links:
Please add them to your project. Thank you!
Hi @Nana66419 @manfred_jr @Prince-Onscolo we have added all the details about the project including the demo video. Please have a look. Looking forward to your feedback!
Hi, its not a lending platform rather an investment platform. It kind of like creating a bucket of tokens based on particular themes or based on advice of financial advisers, so that you can buy all of that in a single click. As the title says, its like creating a ETF
A DeFi initiative focusing on creating a decentralized ETF creation platform on the Tron blockchain? Hmmm
I see ETF there and I can only think of one thing, The SEC through Gary Gensler deliberately delaying the Bitcoin ETF by BlackRock and some other financial entities and this could only mean one thing. So, how do you plan to deal with the regulatory challenges related to ETFs and decentralized finance (DeFi)?
Thank you for the clarification but as @manfred_jr Asked how do you plan to deal with the regulatory challenges related to ETFs
So basically, I referred to ETF just for better explanation of the idea. Just like there are ETFs which are a bunch of assets grouped together under a single basket name of ETF and people buy ETF’s unit instead of all underlying assets. Here in AssetFusion, people would be creating a basket of different cryptos and buyers would buy only the Fusion Token instead of all underlying tokens. You may watch the demo video as well for an end to end walthrough of the platform.
So basically ETF has been referred to for giving an analogy of how a basket of different assets can be traded under a single name. Similarly, in AssetFusion multiple cryptos would be clubbed under a single Fusion Token and users can buy a single Fusion Token instead of buying of all underlying tokens individually. Please have look at the demo video for better understanding of the end to end flow of the platform.
Thanks for clarifying, creating a basket of different cryptocurrencies and allowing users to buy? Hmmm
This approach makes sense? Well, I can’t completely tell from my read yet.
But, would you provide customizable options for creating Fusion Tokens?
Nice work done, keep it up
Yes, if you see the demo video or try out the platform, we provide a option to create customisable fusion token with a different set of underlying tokens in any ratio you want.
These can be used by individuals to do SIPs in a set of tokens of their choices
By some financial adviser/influencer/institutions to create fusion tokens with underlying tokens of their choice and users can buy the fusion tokens directly.
Hi, the final submission is live with all the details. Do try out the product!
Thanks. The final submission has been done and the project is live along with the demo video as well. Please do try it out, would love to get your feedback.