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: 10 months 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 (about 1 year ago)
- Default Branch: master
- Last Pushed: 2024-11-25T21:00:36.000Z (about 1 year ago)
- Last Synced: 2025-03-27T10:38:24.099Z (10 months ago)
- Topics: account-abstraction, avail, erc7579, ethereum, intents, layerzero, phala-network, solidity, solvers
- Language: TypeScript
- Homepage:
- Size: 1.19 MB
- Stars: 6
- Watchers: 1
- Forks: 0
- Open Issues: 0
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Metadata Files:
- Readme: README.md
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README
# SolvNet
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.