Project Name: Laputa
Project Track: Defi
Team Name: Laputa
Team Member(s): 4 members @LMM @Lynn @hukudome @Horizon @larry1
DevPost URL: Project
Project Goal: Maximizing liquidity efficiency with cross-margin leverage yield farming protocol.
Project Info: [Pitch deck]Laputa_IR_Tron Hackathon v1.0.pdf - Google Drive
Project Website: (https://laputa.finance/)
Project Test Instructions: (https://laputa.finance/)
Contract address: Under construction - check out the demo(Laputa - cross margin leverage yield farming protocol on Tron - YouTube)
- Go to the website
- Enter App
- Connect wallet
- Go to ‘Leverage-Farm’ and click ‘Farm’ to see the details
- Check out each tab for other UI.
- See ‘Docs’ for more details.
Project Details:
Executive Summary
Laputa is a lending protocol offering cross-margin leverage yield farming.
- Lending enables users to earn safe and stable yields.
- Leverage Yield Farming (LYF) allows borrowers to get undercollateralized loans for their positions, multiplying their initially deposited collateral and resulting profits.
- Strategy vaults that utilize leverage yield farming automatically manage the vault to hedge against the market volatility.
Our Advantages
- Universal leverage allows any listed asset to become cross-collateral which maximizes capital efficiency.
- Laputa Lending enables borrowing assets to pair with deposited collateral and create ibLPtokens, and auto compounding and self-increasing tokens to assist in minimizing liquidation risk over time.
- Together with Laputa protocol, our team’s experience in developing automated vaults and perpetual DEX protocols further strengthens strategy vaults such as Delta Neutral, 1x Long, and Concentrated Liquidity.
Key User Experience
Case 1 : Risk hedging
- Other LYF : Users have to repay their debt, resulting in liquidity inefficiency
- Laputa : Users can simply take an opposite position with the same amount of money but with extra APR
- This is why developing a Delta Neutral Strategy at Laputa is easier than ever
Case 2 : Opening more position with same collateral
- Other LYF : User has to realize PnL in order to open more positions.
- Laputa : By simply holding a position with high profit, users can open bigger positions using the profit as collateral
Case 3 : Volatile positions
- Other LYF : Possible liquidation, leading to inefficiency of capital
- Laputa : Other positions can act as a cushion and help that position survive
Features
[Universal Leverage]
- Any listed asset can be collateral for leverage farming
- Isolating positions without withdrawal is possible by cross-margin on/off feature
- When close to liquidation, opening a new position that works as counter to existing position leads to a hedging strategy but with more APR
[Lend]
- Deposit can earn yields and enable borrowing power for leverage farming at the same time
- Strategic deposit and borrowing can work as Long/Short of an asset
[Strategy Vault]
- Delta Neutral Strategy, where market exposure is nearly zero by the automated engine
- 1x Long exposure with maximum leverage where rebalancing to keep the exposure 1x makes liquidation near to impossible
Project Milestones:
- September 1~30: Cross-margin mechanism development
- October 1~15: Basic UX/UI development
- October 16 ~ 31: Brand design
- November 1 ~ 10: IR Pitch deck
- November 11 ~ 13: Website development
Project Roadmap
From Leverage yield farming to LMM
- 2022 Q4: Launch
- Universal Leverage Yield Farming
- 2023 Q1: Innovative Strategy Vault
- Delta Neutral
- 1x Long
- Concentrated Liquidity
- 2023 Q2: Derivatives
- Perpetual Dex
- 2023 Q3: Tokenized Leverage Money Market
- tokenized strategy vaults can be traded and transferred across chains.
Please stay tuned. So much more updates are on the way 
