The week started with me thinking about what to build at this mammoth opportunity I have to showcase myself and thinking about a good idea was really hard, more complex than building i’ll say.
With that we also had our Defi presentations in which each fellow was assigned a Defi protocol to research and then give a 4-minute presentation on it, I was assigned PoolTogether.
So poolTogether is a no-loss defi protocol in which multiple people deposit USDCs and stand a chance to win in the lottery, the lottery amount is the interest generated by the vault in which the USDCs are staked.
Now my spidey senses sensed that something was missing in the PoolTogether: users/EthMaxis can’t deposit ETH to stand a chance to win in the lottery and this is how I met my project for EIF (haha did you get it ?).
so I will be making Lachieo , an ETH-based No-Loss lottery system with three different tiers (High,Mid, and Low) according to the deposit you make and for the duration, you stake the Eth.
The current week, i will be reading PoolTogether ‘s smart contract,go though some defi-channels and learn about Aave and compound.
This week was pretty relaxed,now I’ll gear up things and speedup the development process.
Sayonara

