Progress Report:

Week 5 had 2 major tasks lined up: preparing and delivering a presentation on our assigned DeFi topic, and zeroing in on a project idea for the second half of our fellowship.

Presentation:

For the DeFi presentation, I was assigned Furucombo, which is batching and visualisation software for DeFi. End users often want to use multiple DeFi protocols together for an application. Eg: some application of uniswap, some aave function etc

Such users can make optimise DeFi strategy, add multiple DeFi blocks, and get expected min input and output details using FuruCombo.

Overall, making this presentation gave me a hands-on experience with Furucombo, and I’m excited to use the software more when I dive deeper into DeFi.

Project Idea:

• The project ideation phase was quite a rollercoaster ride for me, which consisted of creating and scrapping 2 project ideas before I could finalise my idea.

• My first idea was to build a post deceasement asset transfer mechanism, which would essentially pair a deadman’s switch with a smooth onboarding for the owners’ layman family members/nominees. This idea did seem to have a decent product potential, but lacked technical complexity. It was recommended that I choose an idea which offers more technical bandwidth, so as to make it a better learning experience for me.

• Thus, after scrapping idea-1, I proceeded to reading about another area which has been gaining a lot of popularity: zK. This exploration was quite fruitful in terms of learning about this new field. I then zeroed in on another project idea: creating a zK based auth mechanism for Smart Contract Wallets. On reading up more, I came across banana wallet’s ethIndia, which was building on a similar usecase. On trying my hand at zk circom circuits, I became a bit skeptical about the time available to learn this paradigm.

• Finally, I decided to proceed with an idea around account abstraction, particularly, leveraging account abstraction to create a flow to buy NFTs using credit cards, without requiring to create a MetaMask account.

Next Steps:

• I plan to start by formalizing my project idea, creating a flow, and listing down the requirements.

• This will be followed by reading up on the current projects and libraries operating on account abstraction and onramps separately.

Progress Report:

Week 5 had 2 major tasks lined up: preparing and delivering a presentation on our assigned DeFi topic, and zeroing in on a project idea for the second half of our fellowship.

Presentation:

For the DeFi presentation, I was assigned Furucombo, which is batching and visualisation software for DeFi. End users often want to use multiple DeFi protocols together for an application. Eg: some application of uniswap, some aave function etc

Such users can make optimise DeFi strategy, add multiple DeFi blocks, and get expected min input and output details using FuruCombo.

Overall, making this presentation gave me a hands-on experience with Furucombo, and I’m excited to use the software more when I dive deeper into DeFi.

Project Idea:

• The project ideation phase was quite a rollercoaster ride for me, which consisted of creating and scrapping 2 project ideas before I could finalise my idea.

• My first idea was to build a post deceasement asset transfer mechanism, which would essentially pair a deadman’s switch with a smooth onboarding for the owners’ layman family members/nominees. This idea did seem to have a decent product potential, but lacked technical complexity. It was recommended that I choose an idea which offers more technical bandwidth, so as to make it a better learning experience for me.

• Thus, after scrapping idea-1, I proceeded to reading about another area which has been gaining a lot of popularity: zK. This exploration was quite fruitful in terms of learning about this new field. I then zeroed in on another project idea: creating a zK based auth mechanism for Smart Contract Wallets. On reading up more, I came across banana wallet’s ethIndia, which was building on a similar usecase. On trying my hand at zk circom circuits, I became a bit skeptical about the time available to learn this paradigm.

• Finally, I decided to proceed with an idea around account abstraction, particularly, leveraging account abstraction to create a flow to buy NFTs using credit cards, without requiring to create a MetaMask account.

Next Steps:

• I plan to start by formalizing my project idea, creating a flow, and listing down the requirements.

• This will be followed by reading up on the current projects and libraries operating on account abstraction and onramps separately.