SquadFi let’s you easily bootstrap censorship-resistant, permissionless, and trustless multi-paw validator squads 😺
- 🏆 WalletConect - 2nd Place
- 🏆 WalletConnect - Innovation Pool Prize
- 🏆 MEV Blocker Madness
SquadFi is inspired by the need of decentralization in the validation ecosystem of the Ethereum Network. Our browser-based frontend allows users to create a squad (validator cluster) or join one. Validator Squads aim to enhance the decentralization, security, and fault tolerance of Ethereum network while optimizing the processes involved.
SquadFi is designed to operate by distributing the validation process across a squad (cluster) of up to 4 nodes (initially). Each node acts as a validator, contributing to the consensus mechanism. This decentralization helps to prevent a single point of failure, enhances the overall security of the network, increases yield, while decreasing minimum required deposit. Even if ⅓ of the validators experience downtime, the squad (cluster) performs.
Enhanced security comes from ensuring that no single node possesses complete authority over the private key at any moment, minimizing the risk of a compromise.
Slides: Check out our deck here
Demo: Watch our video here
License: MIT License
We have integrated Web3 Inbox SDK which enables squads to track their nodes status as well as embrace the chat functionality to coordinate.
Our app integrates a Multisig "Safe" Wallet for seamless funding coordination and consensus among squad members, eliminating the need for complex configurations. Smart contracts enable trustless deposits and flexible opt-out options.
We have integrated “ENS Domains” using a proxy contract to deploy different withdrawal recipients for each squad. We are utilizing ENS Subdomains, so that each withdrawal recipient can have their own subdomain, and therefore are easily findable by the squad mates.
We are prompting cats to utilize the power of MEV Blocker to prevent frontrunning and sandwich attacks via a hyperlinked button on our frontend as well as notification prompting visitors to get protected now!
Wallet Connect - Best integration of the Web3Inbox SDK in an app + Innovation Pool Prize
Safe - SAFE{CORE} PROTOCOL
ENS Domains - Best use of subname
Cow Swap - MEV Blocker Madness
1inch - Open Track