Prizes won during the Kyber Network DeFi Hackathon.

ĐDAI+ Dexwallet recipes, built during the Kyber Hackathon, enables you to automate multiple interactions with BZX, Fulcrum and Synthetix in only 1-click.

With ĐDAI, you can lend DAI and choose among 12 different recipes to redeem your earned interest.

Under the hood it works as follows:

1. Deposit 150 DAI into the DeFi smart contract and receive 150 ĐDAI back
2. Your 150 DAI will be deposited into Fulcrum and you start earning interest
3. Choose how to receive your interest by activating a recipe

Available recipes allow you to convert your interest in ETH, sBTC, sXAU (gold) or even go long BTC and short ETH with the BTC maximalist recipe.
More recipes here.

Let’s walk through a quick example. If Alice wants to earn interest on her DAI and reinvest her interest in BTC and gold. She needs to

First

1. Go to Fulcrum
2. Enable DAI allowance
3. Confirm in wallet
4. Click supply
5. Finalize and confirm on the website
6. Confirm in her wallet

Once she wants to withdraw her interest, she needs to.

1. Go to Fulcrum
2. Withdraw her earned dai
3. Go to uniswap.exchange
4. Buy sETH with her earned DAI
5. Go to synthetix.exchange
6. Buy sXAU
7. Buy sBTC

If we want to make DeFi accessible to a broader audience we need to simplify and automate this process. We are doing this with Dexwallet Recipes.

To achieve the same result as above, with Recipes Alice will only need to:

1. Visit https://ddai.dexwallet.io/
2. Select the Store of Value Recipe & insert the amount she wants to invest
3. Approve transaction in the wallet
4. Once Alice is ready to convert her interest into sBTC and sXAU(gold) she hits the claim button and sBTC and sXAU get deposited in her wallet.

Our goal at Dexwallet is to empower users with a seamless DeFi experience by constantly providing new tools to put your money to work without compromising UX.

What’s next?

• New UI
• Reinvest your interest automatically in order to create a compounding effect
• Claim automatically in order to get the best prices and save GAS
• Generalized recipes & Recipes Builder. Think IFTTT for DeFi

Here is a sneak peek of the new UI

You can learn more about ĐDAI with this video

PS. We got you covered in case you want to migrate your iSAI to iDAI in 1-click.

For more up-to-date information, sign up to our newsletter, latest recipes and find us at:

⭑ Download DexWallet for iOS
⭑ Twitter: twitter.com/DexWallet
⭑ Github: github.com/dexlab-io
⭑ Discord: dexwallet.io/discord
⭑ Telegram: t.me/joindexlab
⭑ Email: founders@dexlab.io