DeFi Operations
A DeFi operation corresponds to an execution of a decentralized finance instrument of Ethereum such as lending in Compound or trading in Uniswap. Operations are predefined, decentralized, inmutable and whitelisted on a smart contract registry. The platform always maps a DeFi operation to the swap of two or more assets.
The assets that the operation receives also known as "in assets", are exchanged and the "out assets" are returned. For example, when you lend DAI in Compound, you receive in exchange CDAI which are IOU ERC20 tokens to redeem the DAI in the future. So Defire treats a Compound DAI lending execution as an operation where a DAI asset is swapped with a CDAI asset.
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Within the platform, all DeFi operations receive some assets (in assets) and return others (out assets).
These are the current available operations:
Instrument | Type | Description | Assets involved | Networks |
​Compound​ | Lend | ​Lend DAI​ | DAI, CDAI | Rinkeby |
​ | Lend | ​Lend ETH ​ | ETH, CETH | Rinkeby |
​ | Lend | ​Lend USDC​ | USDC, CUSDC | Rinkeby |
​ | Lend | ​Lend WBTC​ | WBTC, CWBTC | Rinkeby |
​ | Borrow | Borrow DAI | ETH, DAI | - |
​ | Borrow | Borrow USCD | ETH, DAI | - |
​ | Borrow | Borrow WBTC | ETH, WBTC | - |
​Uniswap​ | Trade | ​Trade DAI and ETH​ | DAI, ETH | Rinkeby |
​ | Trade | ​Trade USDC and ETH​ | USDC, ETH | Rinkeby |
​ | Trade | ​Trade WBTC and ETH​ | WBTC, ETH | Rinkeby |
Maker | Lend | Lend in Dai Savings Rate | DAI, CHAI | - |
​ | Borrow | Borrow DAI with ETH | DAI, ETH | - |
​ | Borrow | Borrow DAI with USDC | DAI, USDC | - |
Kyber | Trade | Trade DAI and ETH | DAI, ETH | - |
​ | Trade | Trade USDC and ETH | USDC, ETH | - |
​ | Trade | Trade WBTC and ETH | WBTC, ETH | - |
DyDx | Trade | Trade DAI and ETH | DAI, ETH | - |
​ | Trade | Trade USDC and ETH | USDC, ETH | - |
​ | Trade | Trade DAI and USDC | DAI, USDC | - |
​ | Borrow | Borrow DAI | DAI, ETH | - |
​ | Borrow | Borrow USDC | USDC, ETH | - |
​ | Margin Trade | Trade DAI and ETH | DAI, ETH | - |
​ | Margin Trade | Trade USDC and ETH | USDC, ETH | - |
Curve | Lend | Compound pool | DAI, USDC, cDAI+cUSDC | - |
PoolTogether | Bet | Lottery DAI pool | DAI, plDAI | - |
​ | Bet | Lottery USDC pool | USDC, plUSDC | - |
Wrap | Wrap | ​Wrath ETH​ | ETH, WETH | Rinkeby |
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​View the full list​
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Not finding the operation you are looking for? You can compose operations into a new one or create your own custom operations.​
Any Ethereum Account or Smart Contract can directly execute DeFi operations. Here is a quick example. However to obtain a better layer of security and scalability, Defire provides developers with Portfolios.
A Portfolio can hold any asset and execute any operation like an account. However, they have the advantage that they can split the account owner of the assets from the account that execute the operations online, making it imposible for a hacker to steal the assets.
For more information on the security of portfolios, visit this page.
Many DeFi operations can be batched in a single Ethereum transaction.
For more an advanced management, the platform also provides the concept of Funds. A Fund allows a manager to create different strategies to operate one or many accounts or portfolios. Each fund can represent a unique DeFi investment strategy. For example, a manager can create a low risk fund to lend assets and a high risk fund to do margin trades.
