What are you going to build?:
DeNotify is a Crypto Alert Engine. It allows users to create custom alerts that monitor blockchains 24/7 and trigger notifications receiving messages on various platforms.
Why is what you are going to build going to succeed?:
We launched RoboVault, a DeFi product in July 2021 and were one of the first protocols to successfully operate delta neutral strategies that protected against Impermanent Loss. During its active period, RoboVault generated over $2M for users. However, while operating the product, we identified significant gaps in the available tools and infrastructure required to successfully run a Web3 protocol. To address this, we invested considerable resources in developing custom, state-of-the-art on-chain and off-chain tooling and infrastructure to operate RoboVault’s advanced Delta Neutral Strategies reliably.
We realized that the value of our technology lay in the tooling and infrastructure we had developed to operate RoboVault, rather than in the protocol itself. As a result, we decided to build a platform that other teams building and operating within the Web3 space could use to successfully develop and run their products.
Our experience operating RoboVault has given us a strong understanding of the pain points that users and developers face within the Web3 space. Additionally, we have developed advanced infrastructure to create tools that can solve these problems, giving us a competitive edge in the market. With these advantages, we believe that our platform has the potential to succeed in meeting the needs of teams building and operating within the Web3 space.
Is your project likely to bring new builders to the Optimism ecosystem? If so, please describe how:
The RoboVault team invested considerable resources in developing custom tooling and infrastructure to operate their numerous yield strategies reliably. They identified significant gaps in the available tools and infrastructure required to successfully run a Web3 protocol. DeNotify on Optimism would help address these challenges.
By implementing DeNotify on Optimism, developers can have access to an extremely useful tool that can assist in their ability to deploy and operate dApps on Optimism. This can help to address some of the pain points that developers face in the Web3 space and attract them to the ecosystem. Additionally, the availability of such tools can help to foster innovation and promote the best safety practices within the Web3 community, making it more attractive for developers to join and contribute.