Cargo Protocol

Cargo Protocol

Non-custodial aggregator for trading, investing and de-risking through DeFi protocols.

Cargo is a system for investing money in Liquidity Pool on the Celo chain. It’s based on UniSwap v3, the most trusted and recognizable exchange protocol in the whole blockchain world. Cargo provides two automated processes to improve user investment in that protocol. The first one is adjusting the narrow price range to concentrate users liquidity and prevent their funds from being out of the trading price range.  The second process is “autocompounding” (reinvesting earned trading fees) system without user interaction to increase user's investment base, making it to logarithmic profitability! With the new version (v3) of the staking protocol, users of UniSwap get a way more stable and riskless platform. In addition, understanding the whole process is way more accessible, as we are no longer deal with multiple types of tokens and don’t need to keep in mind to manage them. You, as the user, have just a single pair of the tokens you chose, and only this pair is involved in the whole process.

Business Needs & Market Situation

Investing money in crypto has to be easy, right? So many people talk about this. It can’t be difficult! Well, most people who haven’t touched the blockchain and crypto world won’t be able to do this when they try for the first time. “Crypto” is still for geeks … even if it brings real opportunities for everyone. With the Cargo product, our customer tries to change that situation and make investments in the crypto world available and understan- dable for everyone and, at the same time.

Goals

We had to blaze the trail many times as we were developing something new. It was definitely an interesting journey that taught us a lot. One of the biggest challenges we faced was the integration with Uniswap V3 on Celo chain, we were the first ones who were able to integrate with it. As always in such a situation, we were also testers of the existing Uniswap code and functionality. But after several months of work, we finally got the system ready to be used. 

Second challenge was to create automated, low-gas cost tool that manages, automates, and optimises concentrated liquidity utilising Nonfungible Position Manager from Uniswap V3 to create and manage positions in liquidity pools. This solution required a lot of gas by starting, and closing positions due to each action's NFT burn & creation process. This however was resolved by using the G-Uni Protocol. This solution significantly optimised Cargo and reduced gas consumption. By adjusting the reinvestment frequency and the spread of positions, we now could create different management strategies for users

Technology

Solidity, Hardhat, Uniswap V3, Celo, Polygon, NFT, Stablecoins, NodeJs, Vue

Result

We’ve built a platform that allows staking tokens based on version 3 of Uniswap protocol on the Celo chain. The value added by our system is optimizing the range of the prices on which we operate with the staking. Thanks to this, we could pick the right range for the investment. Not too narrow, not too wide, and accurate with the values. Another feature we’ve implemented is the optimal (adaptive) probing frequency. All those aspects allowed us to build an accurate, performant, and stable system with simple and user-friendly interface. The return from the investment significantly crossed our expectations as well as the expectations of our customers.

Read more of our case studies that are related to blockchain here: Free Republic of Liberland , Influence by FactorydDAO.