Challenges
Deploy your smart contract on Scroll
BluebirdSwap has been deployed on Scroll Alpha testnet and initial options contract created, the addresses are available to view on the official github repo.
Web3Modal DeFi Challenge: Making Bank (Without the Banks)
To make it easier for users to connect their wallet to Bluebird Swap, the DAPP uses the Web3Modal SDK. Web3Modal is a JavaScript library that provides a simple and unified way for DAPP developers to connect their applications to different wallets and blockchain networks. With Web3Modal, Bluebird Swap can offer a user-friendly interface that allows users to easily connect their wallet to the DAPP. When a user visits Bluebird Swap, they will see a button that says "Connect Wallet". When they click on this button, they will be presented with a list of supported wallets that they can connect to Bluebird Swap.
Build on Base 🔵
BluebirdSwap has been deployed on Base with all its contracts verified, the addresses are available to view on the official github repo.
Best new subgraph(s)
BluebirdSwap utilises subgraphs built on top of the Graph to index multiple events, such as creation of options and tracking of all details of options contracts, even up till the buy and selling of call/puts. It also indexes data from Chainlink NFT price feeds to allow the frontend to display all data quickly and accurately. Why should it win best new subgraphs? Because there isnt any other subgraphs indexing info from Chainlink oracles.
Integrate Web3Auth Core-Kit SDK in your Ethereum Application
To make it easier for users to connect their wallet to Bluebird Swap, the DAPP uses the Web3Auth SDK. Web3Modal is a JavaScript library that provides a simple and unified way for DAPP developers to connect their applications to different wallets and blockchain networks. With Web3Auth, Bluebird Swap can offer a user-friendly interface that allows users to easily connect their wallet to the DAPP. When a user visits Bluebird Swap, they will see a button that says "Connect Wallet". When they click on this button, they will be presented with a list of supported wallets that they can connect to Bluebird Swap.
Bring Functionality to Metis
BluebirdSwap has been deployed on Metis testnet and initial options contract created, the addresses are available to view on the official github repo. Metis has not have such a protocol to exist on its chain yet, until now. Metis also has a decent NFT volume which will definitely boost the utility of BluebirdSwap.
Polygon DeFi UX Challenge
BluebirdSwap is designed to provide a simple and intuitive user experience, making it easy for both experts and amateurs to use. The user interface (UI) is clean and easy to navigate, with clear and concise labels for each section of the platform. BluebirdSwap's charts and buttons are designed to be intuitive and user-friendly, making it easy for users to navigate the trading platform and make informed decisions. The charts provide real-time data on the market prices of NFTs, allowing users to track trends and make informed decisions based on the latest data.
Best Defi/NFT Project on Mantle
BluebirdSwap has been deployed on Mantle testnet and initial options contract created, the addresses are available to view on the official github repo. Bluebirdswap stands a chance to be the best DeFi project on Mantle as well due to its innovative fractionalising which adds a range to investors' speculation.
Best Multi-Network Deployment using Infura
By using Infura as its primary infrastructure provider, BluebirdSwap is able to easily deploy and manage its platform on multiple networks ( such as polygon mumbai and goerli ) , providing a seamless experience for users regardless of the network they choose to use. Infura is a reliable and trusted infrastructure provider that ensures high availability and reliability, which is crucial for a decentralized platform like BluebirdSwap.
Connect the world with Chainlink
BluebirdSwap depends on Chainlink price feed oracles to provide NFT floor prices for blue chips in order for users to speculate on the prices on the protocol. We have integrated Azuki's Goerli floor price feed into BluebirdSwap.
#BUIDLathon 2023 DeFi Track
In terms of improving the blockchain ecosystem, BluebirdSwap's introduction of a fractionalized NFT market and options trading platform for NFTs provides a unique and innovative solution to the liquidity and accessibility issues that currently exist in the NFT market. This offers a new and improved method for investors to invest in NFTs and can potentially drive adoption of NFTs as an investment asset class. Moreover, BluebirdSwap offers an excellent user experience as it allows for easier participation and diversification in the NFT market through fractional ownership and options trading. The platform's use of the Black-Scholes model to price options contracts ensures fair pricing, and the premium for options contracts is paid in specific fractionalized NFT tokens, providing users with a direct way to speculate on the value of NFTs. In terms of engineering, BluebirdSwap's AMM-style balancing pool to maintain liquidity for market takers to buy options was implemented in under a few days. It might not be the first on-chain options protocol, but it is the first one to utilise fractionalising of ERC-721s. Overall, BluebirdSwap is a highly innovative project that addresses key issues in the NFT market and provides a unique and flexible trading experience for investors.
Project details
BluebirdSwap is a decentralized trading platform that allows users to trade fractionalized NFTs and options contracts using blockchain technology.
NFTs (Non-Fungible Tokens) have become increasingly popular in recent years as a way to represent unique digital assets such as artwork, music, and video game items. However, high-value NFTs can be expensive and illiquid, making it difficult for smaller investors to gain exposure to the market.
With BluebirdSwap, users can buy and sell fractional ownership of NFTs, which makes it possible for smaller investors to participate in the market. This allows users to buy a share of a valuable NFT without having to pay the entire price upfront. Fractional ownership also allows investors to diversify their portfolios by owning a stake in multiple NFTs. BluebirdSwap provides a new way to speculate on the value of these assets. This is not possible on OpenSea or other NFT marketplaces, which only support direct trading of NFTs.
In addition to fractionalized NFTs, BluebirdSwap also offers an options trading platform for NFTs. Users can buy calls or puts on fractionalized NFTs, which allows them to potentially profit from price movements without having to buy the entire asset. This provides flexibility and risk management for investors who may not want to take on the full risk of owning an entire NFT. The premium for the options contracts is paid in the specific fractionalized NFT tokens.
To ensure fair pricing, BluebirdSwap uses the Black-Scholes model to price options contracts, which helps to prevent manipulation and other unfair practices that can be a concern in some financial markets. This makes the options trading platform a reliable and trustworthy option for users who want to invest in NFTs. The premium for options contracts is paid in the specific fractionalized NFT tokens, providing users with a way to directly speculate on the value of NFTs.
While BluebirdSwap can potentially incentivise liquidity provision through a rewards program, this aspect is not included in this project as it is out of scope. However, the options trading platform on BluebirdSwap is designed to provide liquidity for options contracts, ensuring that there is always a supply of contracts available for users to trade. This helps to create a more liquid market for NFT options and benefits all users of the platform.
Overall, BluebirdSwap provides a number of benefits for users who are interested in investing in NFTs. By fractionalizing NFTs, providing a more liquid market, offering options trading with premiums paid in specific fractionalized NFT tokens, ensuring fair pricing, and being decentralized, BluebirdSwap opens up the NFT market to a wider audience and provides a transparent, flexible, and trustworthy trading experience.
NOTE: Live site will not be working fully without a controller to manage epochs; only grinder will be working. Please contact team member on telegram for demo purposes: @junmengtan
Check out the video for full end-to-end demo, cheers!