https://github.com/aa-labs/solvnet

Empowering users and solvers with decentralized liquidity sharing
https://github.com/aa-labs/solvnet

account-abstraction avail erc7579 ethereum intents layerzero phala-network solidity solvers

Last synced: 15 days ago
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Empowering users and solvers with decentralized liquidity sharing

• Host: GitHub
• URL: https://github.com/aa-labs/solvnet
• Owner: aa-labs
• Created: 2024-11-15T15:18:58.000Z (3 months ago)
• Default Branch: master
• Last Pushed: 2024-11-25T21:00:36.000Z (2 months ago)
• Last Synced: 2024-11-25T22:19:37.320Z (2 months ago)
• Topics: account-abstraction, avail, erc7579, ethereum, intents, layerzero, phala-network, solidity, solvers
• Language: TypeScript
• Homepage:
• Size: 1.19 MB
• Stars: 5
• Watchers: 1
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md

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README

        
# SolvNet

![image](https://github.com/user-attachments/assets/f334c393-6053-437e-adb0-d9bad446fb03)

A decentralized module and network enabling users to delegate idle funds in smart accounts to solvers through a secure staking mechanism. Solvers gain access to enhanced liquidity for facilitating transactions, while users earn returns by leasing their funds to the network.

## Problem

- **Limited Access to Solver Networks:** Only big protocols and market makers can effectively operate solvers due to liquidity constraints. Small players with good algorithms lack sufficient funds to facilitate transactions.

- **Lack of Delegation Options:** Users with idle funds in smart accounts have no way to delegate these funds to solvers, missing opportunities for earning returns.

## Solution

### Module for Smart Accounts

Users can enable a module in their smart accounts to delegate idle funds to the solver network. They configure parameters such as APR, token type, and lease duration.

### Quadratic Staking for Solvers

Solvers join the network by staking an amount, granting access to up to 𝑛^2 liquidity (based on quadratic staking) under an honest-party assumption.

### Fraud-Proof Mechanism

A watchtower monitors transactions. If a solver fails to return funds within the designated period (e.g., 7 days), a fraud-proof mechanism slashes the solver's stake and compensates users.

## Flow

### User Module Activation

1. Users log in to a dashboard to view their smart account balance

2. They enable the module, configuring the APR, token type, and lease amount/duration

### Solver Registration

- Solvers register on the network dashboard and stake an amount to participate

### Transaction Facilitation

1. When a protocol needs funds, the solver requests liquidity from the network

2. The required amount is sourced from multiple users (e.g., x1, x2, ...xn)

### Return or Fraud Proof

Solvers return the borrowed amount within the set period (e.g., 7 days). If not, the fraud-proof mechanism activates, slashing the solver's stake and distributing it among users.