Single Finance
{"type": "project", "title": "Single Finance", "logoImg": "bafkreih7lrtv3lg4ksed5e6pmmdhuq2nasje5mifmrrvwfnla7vlgf6qve", "website": "https://singlefinance.io", "bannerImg": "bafkreibwglq53p7qf6tn5ua6hlt4hjesyfsfxkwfki74apcvkadzismlhm", "createdAt": 1706593146066, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..ZRc-CRZ2w0LGahk-_3g-CnVkvZ_Nhd9bqZVPaS12gMa8b2qqgvNt3uUjeaxSQTf4YbB2re1_BFN-7RkLjKzLBQ", "type": "Ed25519Signature2018", "created": "2024-01-30T05:38:52.681Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-30T05:38:52.681Z", "expirationDate": "2024-04-29T05:38:52.681Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x7bd45cCcEa8ADbaF04f1fDeE82Ac5f0D5Fa3FAa0", "hash": "v0.0.0:ONYqpW1eDDb6bzbcCCjo2zAw5W2nD5K8W3awXLWUqZs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#single_finance"}}}, "description": "Single Finance, a top leveraged yield farming protocol, serves both novice and seasoned farmers. It provides a comprehensive suite of risk management tools and streamlined, one-click strategies to help farmers achieve targeted returns while minimizing impermanent loss.\n\n- Seamless yield farming experience integrated with useful risk-management features\n- DeFi strategies are designed to attain diverse targeted returns while mitigating impermanent loss and price fluctuation risks.\n- User-friendly interface empowering users to monitor position performance in USD value, providing a crystal-clear overview of earnings.\n- Automated features eliminate manual steps and ensure users effortlessly maximize returns.\n- Capital protection bot and Automated rebalancing market neutral vault to safeguard users’ capital and minimize losses associated with impermanent loss\n- Propel DEX efficiency with Single Finance's Liquidity Stability Extension\n- Establish a robust governance framework with the veSINGLE token, empowering the community to actively participate in shaping development decisions and product features.\n\nKey Problems Addressed:\n1. High entry barrier for novice farmers to employ advanced leveraged DeFi strategies\n- Knowledge Gap: Novice farmers may lack the required understanding of the intricate mechanisms and concepts involved in advanced leveraged DeFi strategies.\n- Lack of Confidence: The complexity of procedures can lead to a lack of confidence among inexperienced users, making them hesitant to navigate and utilize advanced DeFi strategies effectively.\n- Continuous Monitoring: The necessity for 24/7 monitoring adds another layer of difficulty, as it demands constant attention and vigilance, which may be challenging for those new to the space. Limited performance analytics in USD value instead of token to track earnings Streamlined performance analytics exclusively in USD value, providing a comprehensive tracking mechanism for earnings.\n\n2. The absence of comprehensive, foolproof risk management tools for leveraged yield farming makes it challenging, even for experienced users, to safely execute multiple advanced DeFi strategies concurrently.\n\n3. Lack of a one-stop analytics tool to monitor overall leveraged position in USD value\nAbsence of automated capital protection bot to minimize risks associated with leverageAutomating manual processes \nLimited borrowing activities in Money Market dApps arise from a lack of borrowing incentives, hindering the adoption of advanced DeFi strategies.\n\n\nTarget Market:\n\n1. DeFi Yield FarmersDeFi users\nSingle Finance caters to individual users seeking to optimize their yield farming strategies while minimizing risk and maximizing returns. offers a secure and user-friendly interface for implementing advanced DeFi strategies, and optimizing yield farming approaches with a focus on risk minimization and return maximization.\n\n2. Userbase in Money Market dApps\nPartnerships can be formed to encourage userbase in Money Market dApps to utilize arbitrage strategies by supplying stables as collateral and borrowing tokens to leverage yield farms. \n", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "single_finance"}