1/ We know that most of you waste time reinvesting your rewards every few days/weeks without having any idea if you’re really earning money or even don’t and let your rewards sleep - you’re losing money.
That time is over with Autoscale.
Autoscale is set to become your ultimate destination for making your money work in DeFi and managing all your investments on MultiversX. Today, we're excited to unveil our strategic plans and the roadmap that will guide us there 📜
Q1 2024
🔹Hatom Lending Protocol Integration:
We're thrilled to announce a new (and first) partnership with
@ash_swap
🔥
We are partnering with AshSwap with the goal of building new products on top of them.
We are thrilled to announce the integration of the Hatom Lending Protocol into our Yield Optimizer – now officially live in our beta! ⚡️
Unlock the potential to deposit into any Hatom Market with just one transaction, while our strategy reinvests your rewards, amplifying your
1/ It's finally here! We're excited to announce that Autoscale is now available in public beta 🔥
Experience the unparalleled power of the first yield optimizer on MultiversX:
➡️
We've made a guide for you so that your experience is the best possible ⬇️
The private beta is ready for the first wave of testers 🔥
The first wave will have access today and the next wave a little later, and then we will make it public 🛠️
Our journey has just begun 🎬
Facilitating access to liquidity is crucial in a fast-growing DeFi ecosystem, which is why we're thrilled to introduce the Autoscale Zap 🔥
Our zap will seamlessly integrate into our ecosystem of products. Let's dive in and explore what a zap is and the benefits it brings ⚡️
Excited to unveil the product that earned us second place at the hackathon: a Decentralized Savings Account 🔥
It offers a fixed yield on USDC, regardless of market fluctuations, making it a notable new addition to Autoscale's product lineup ⚡️
Dive into the presentation 🧵
Things are moving at X-DAY! 🔥
If you're wondering if Autoscale will support Maiar DEX 2.0 (xEchange), the answer is yes!
We can't wait to unveil what we're working on 🛠️
Hi guys, we've been working hard lately and we're almost ready to share a public beta with you in a few weeks!
We will select a few people to try it out before it goes public, let us know if you are interested
Let's take a look at the last few months and what's coming up soon🧵
We've maintained a low profile on X lately, we've been working hard behind the scenes, preparing for the exciting things coming in the next few weeks. So here's a transparent overview of what we've been up to recently, the current state of Autoscale, and what lies ahead 🎯
Our
The time has come! We're thrilled to announce that the Autoscale public beta is launching on April 26 🚀
We can't wait for you to test what we've been tirelessly building over the past few months 🛠️
Reducing friction to enhance DeFi's user-friendliness is key for wider adoption - that's why we're unveiling Autoscale's Smart Deposit⚡️
Smart Deposit simplifies depositing in vaults by offering more possibilities. Let's dive in and understand how it works and the benefits 🧵
We're thrilled to announce a new partnership with
@HatomProtocol
🔥
Through this collaboration, we will leverage their lending protocol and liquid staking solution in our products! 🛠️
The final stages of our private beta testing are underway, with 35+ testers giving it their seal of approval 🔥
With everything running like clockwork, we're gearing up to launch the public beta!
But first, it’s time for our first bi-weekly update!
We're thrilled to announce a new partnership with
@DX25Labs
🤝
Autoscale is joining forces with DX25 to integrate DX25 pools into our yield optimizer. This collaboration offers more earning opportunities, enriches portfolio diversity, and encourages relentless innovation! 🛠️
It seems that the first wave has no more bugs to submit (that have not yet been fixed or are being fixed) 🛠️
It's time to welcome more people to test the beta, comment with your address or herotag and we will select some of you 🧙♂️
The private beta is ready for the first wave of testers 🔥
The first wave will have access today and the next wave a little later, and then we will make it public 🛠️
Our journey has just begun 🎬
We finished the hackathon in 2nd place out of over 150 projects! 🔥
We built a brand new product from scratch in 7 days part-time for the hackathon 🛠️
We'll be presenting the product in detail in the coming days, so stay tuned!
@MultiversX
We are building a suite of DeFi Yield solutions, all centered around our core principles of simplicity, accessibility, and efficiency.
Our Yield Optimizer maximizes yield available in the decentralized finance market through automated strategies, granting users effortless and
We're pleased to announce that we're joining the
#xDayHackathon
, competing in the DeFi track! 🛠️
⚡️$1M in funding & prizes
⚡️Sept 21st - October 20th
⚡️Finale at xDay
It's time to build.
The engines are at full power, with many important advances made in recent weeks 🚀
Your feedback has been invaluable, with nearly 400 responses to our feedback form, opening the way to potential areas for improvement on Autoscale.
It’s time for a new bi-weekly update!
It's here - the Autoscale Zap is now live in our public beta enabling a smoother way to manage liquidity ⚡️
Experience one-click liquidity provision to
@ash_swap
and
@xExchangeApp
:
Want to be among the first to test Autoscale? 🧐
We offer 5 whitelists to allow you to test our beta version in advance before it becomes public
What you need to do is:
🔹RT this tweet
🔹Comment your erd address or herotag
Autoscale's beta is now live for 7 days and everything is running smoothly 🔥
More than 1,000 users from 20 countries have experienced the unparalleled power of the first yield optimizer on MultiversX 🌍
We are excited to share our latest bi-weekly update with you! 🧵
Our CTO
@gfusee33
created the first framework that allows you to write smart contracts in Typescript and deploy them on Elrond (now MultiversX) 🛠️
This opens the door to more than 16.4 *MILLION* developers who can now come and write Typescript smart contracts on Elrond 🔥
After severals months of hard work I'm thrilled to unveil you elrond-wasm-as, my open source typescript/assemblyscript Elrond smart contract framework 🔥
It is atm only a proof of concept but let's dig into it 🧵
It's here - The Smart Deposit feature is now live in our public beta, enabling you to deposit into any vault using any token in your wallet 🪄
Experience seamless, one-click deposits using any token:
Our CTO (
@gfusee33
) will be present as a speaker on the innovation stage at
@xDay2023
! 🗣️
He'll unveil the pioneering framework he built, empowering developers to write smart contracts on MultiversX using AssemblyScript! 🛠️
Excited also to announce that the entire Autoscale
With the introduction of the Smart Deposit feature, we are taking significant strides toward our goal of making decentralized finance not only easier but also more accessible for everyone 🌍
We're excited to share all our recent progress - it's time for a new monthly update 🧵
1/ Our beta is only a few weeks away, so let's see what it will contain at the beginning and what will come a little later 🧵
Initially, we’ll have 2 of our 3 main products:
1) The Yield Optimizer: this is where you deposit your cryptos and let the strategies do the rest
With the roll-out of Zap, all the core modules needed for Autoscale are now developed and live in our public beta
Now it's time to fine-tune, optimize and audit, then Autoscale will spread its wings to cover the DeFi on MultiversX
But before, it’s time for a new monthly update!
3/ This works with vaults and strategies; our team develops a set of strategies for different assets, such as auto-compounding for LKMEX or EGLD-USDC, etc; and the strategies are based on a vault.
9/ We believe Elrond is the best blockchain for crypto adoption. Even with the best DeFi apps on other chains (and in general there is a big UX issue with DeFi apps), you will still have UX issues because of the chain or wallet used for it.
15/ Robin has been building on Elrond for over a year, he is the founder and CEO of
@HorizonIabs
— a technical web3 agency that has been specializing in Elrond for over 8 months and works with the most significant projects on Elrond, he is also head of web3 at
@TheAquaverse
.
5/ In simple terms, Autoscale will make it easy for you to maximize your yield and all this passively, you will save time, be able to track your investments easily, etc.
4/ Just deposit your funds in the vaults and the strategies do everything for you. Needless to say, because it’s obvious, the vaults are secure and the strategies are enforced by smart contracts.
6/ To do this, we leverage the Elrond DeFi ecosystem for our products, which means that wherever there is yield on Elrond, we will be there to build products on top of it and maximize that yield.
8/ Our goal is to facilitate access to returns in DeFi through an intuitive platform and a suite of decentralized finance products that allows you to manage your money more efficiently: earn more, save time, analyze your investments, forecast income, etc.
10/ On Elrond, we have one of the most scalable blockchains, fast transactions and the UX has even been thought in the development of the blockchain; and we also obviously have Maiar.
11/ Autoscale was designed to provide easy access to financial services for the next billion users, so the choice to build on Elrond was the most obvious one.
Our main priorities are to provide excellent, powerful, and useful products with a great UI/UX.
12/ We have been building for months and are very close to releasing a closed beta and hopefully a public beta a few weeks later. Then, after several phases of testing and security audits, Autoscale will be released on the Elrond mainnet.
Scalers, we need your support! 🫡
The
@EntityFinance
team is organizing a Builders Forum and during this event, participants will show their support for their favorite projects and the most engaged community will win a prize
Join the event here:
[1] For a comprehensive understanding of how it works and the innovations incorporated, feel free to delve into the more detailed presentation in our Medium article here:
Alternatively, you can explore the condensed version in this thread.
17/ Maxime has been a self-taught developer for over 10 years, specializing in web and mobile development, with a master’s degree in computer science, he will take care of the entire front end of autoscale.
[5] Unlike traditional banks, we don't retain the extra earnings. Instead, we allocate them to a reward reserve, which enables us to provide a fixed return to our users over an extended period, even during market downturns.
16/ Quentin is a self-taught software engineer with 2 degrees in mathematics and a degree in economics, he built an Elrond SDK in typescript that allows any developer to write smart contracts in typescript and deploy them on the Elrond Network.
[9] We don’t even need to mention that, being DeFi, this is all non-custodial. You have full control over your funds at all times and interact solely with a smart contract. You can deposit, claim your rewards, and withdraw whenever you want.
[6] As our reward reserve grows over time, we can continue to offer a fixed yield even if market yields fall below what we offer. Several factors, such as market yield and the current state of our reward reserve and our TVL, influence the duration over which we can maintain it.
[10] Upon depositing, you'll receive a 'proof of deposit' token guaranteeing the liquidity of your funds, which can also be utilized in other protocols, thus enhancing integration within the broader DeFi ecosystem and composability.
18/ Keouf is a co-founder of
@HorizonIabs
and has been working on Elrond for over a year. He has some experience with high-traffic websites and will be in charge of the technical architecture.
[2] Many of you are familiar with traditional bank savings accounts, where you deposit your EUR and earn a modest interest annually. Behind the scenes, when you deposit your EUR, banks utilize this money to generate revenues by investing in products like bonds.
[3] They may earn around 5%, give you 2%, and retain the 3% difference for themselves. Essentially, you're lending them your money so they can make more money, and in return, they give you a very small slice of the pie.
[7] Based on the performance of our investments and other relevant factors, we may increase or decrease the fixed yield to ensure the longevity of the system.
[11] Unlike traditional banks, you can claim your earnings whenever you wish, witnessing their growth every moment. No need to wait a year to see your rewards, just a few seconds. Plus, you have the option to enable the auto-reinvesting feature to leverage the compounding effect
[13] This is the initial draft of our product designed and built in less than 10 days. We will, of course, continue to refine and iterate through our various ideas to enhance it further. We also eagerly welcome your feedback to help us improve! 😊
[8] In the future, we aim to reduce our dependency on DeFi and achieve better diversification, we will also invest in Real World Assets such as tokenized bonds, real estate, and more. This will helps us maintain a good yield.
3/ So we had to make a decision and it was this:
First, we're going to focus on integrating
@ash_swap
into our products, then we'll integrate xExchange, and that's what we did, we fully integrated Ashswap into our yield optimizer and zap! (and also a part of xExchange)
20/ In this first thread, we tried to give you a first glimpse of what autoscale is in general, but we still have a lot of things to explain. The documentation is also coming soon.
[4] With Autoscale Zap, everything is done in a single transaction!
It manages all the steps internally and so you can use any token to add liquidity to your desired liquidity pool or withdraw liquidity from any LP, all in just one transaction.
7/ And here we are, from now on we will be more active, sharing documentation, educational content, etc.
Take part in our journey by joining us on Discord or Telegram:
[6] It currently supports xExchange and Ashswap, enabling you to add liquidity with $EGLD to ASH-USDT or $HTM to USDT-USDC-BUSD in just one transaction (and more).
4/ And that's why we kept it quiet, we didn't see the point in making tweets for the sake of making tweets but rather to come back once we had something to show people again
build > talk
[8] We look forward to your feedback and remain committed to simplifying DeFi and improving its user-friendliness - and every day we get closer to our goal.
[5] With Smart Deposit, your depositing process is consolidated into a single transaction.
You can deposit into the USDC-USDT vault directly with EGLD, USDC, USDT, or even other tokens - it manages all the steps, enabling you to use any token in your wallet for any vault deposit
[3] You have to go through different steps such as: swap with one of the tokens in the LP in which you want to add liquidity, swap 50% in the other token and finally adding liquidity.
The same process applies when withdrawing liquidity. This can be time-consuming and complex.
[5] Our zap integrates a intelligent routing system - which means that for every swap the zap needs to execute, it will find the best route based on your token, the liquidity, the LP you wish to deposit/withdraw liquidity from.. in order to get the best price for you!
2/ We had originally built Autoscale for Maiar Exchange but that changed a lot with the switch to xExchange, and the work we had done was not compatible with it
And therefore, to integrate xExchange we had to re-start from scratch
[11] We eagerly anticipate your feedback and remain steadfast in our commitment to simplify DeFi and enhance its user-friendliness. Every day, we inch closer to our goal.
[10] It has been in the development pipeline for some time, and we're excited to announce that it's now ready for launch! It will be available in our beta version early next week!
[8] But that's not all! It's handy to deposit with any token you have in your wallet, but wouldn't it be even more convenient if you could also choose the token you want to receive when you decide to withdraw?
[2] Without the Smart Deposit, you're limited to depositing with the base token of a vault. If you lack this base token, you face a cumbersome process that lessens your overall experience.
4/ To start testing, you will need to acquire some tokens, to do it you can connect your wallet on our dApp and get tokens from the faucet!
You can claim tokens here:
Once you have received your tokens, it's time to start testing!
[6] Smart Deposit incorporates the Zap system, which means it benefits from these many advantages, including getting the best routes to get the best price for your deposit.
For more information on Zap, check out this thread:
Facilitating access to liquidity is crucial in a fast-growing DeFi ecosystem, which is why we're thrilled to introduce the Autoscale Zap 🔥
Our zap will seamlessly integrate into our ecosystem of products. Let's dive in and explore what a zap is and the benefits it brings ⚡️
[4] You'd have to navigate to
@ash_swap
, swap EGLD for USDC, then swap USDC for USDT, add liquidity to the pool, and finally, access the Autoscale website to deposit in the appropriate vault.
Pretty boring, isn't it?