Harmony Yield Boost

A modern DeFi application that enables users to boost their yield on 1sDAI deposits through an innovative exchange rate mechanism.

Overview

Harmony Yield Boost is a decentralized finance application that allows users to enhance their yield returns on 1sDAI deposits. The protocol works by converting 1sDAI to boostDAI at a dynamic exchange rate that increases over time, effectively generating additional yield for users.

Key Features

• 🚀 Enhanced APY through yield boosting mechanism
• 💱 Dynamic exchange rate system
• ⚡ Instant deposits and withdrawals
• 🔒 No lock-up periods
• 💰 No minimum deposit requirements
• 📈 Transparent yield tracking

Technical Details

Exchange Rate Mechanism

The core of the yield boost system is based on an exchange rate mechanism:

• Initial rate: 1 boostDAI = 1.05 1sDAI
• The exchange rate increases over time, generating yield
• Users maintain a constant boostDAI balance while its 1sDAI value grows
• Current APY: 11.8%

Fees

• Deposit Fee: 0.1%
• Withdrawal Fee: 0.1%

Smart Contract Integration

The protocol integrates with:

• Sky Protocol (MakerDAO) for 1sDAI
• Harmony blockchain for transactions
• Treasury system for yield distribution

Development

Prerequisites

node >= 18.0.0
npm >= 8.0.0

Installation

# Clone the repository
git clone https://github.com/harmony/yield-boost.git

# Install dependencies
cd yield-boost
npm install

# Start development server
npm run dev

Project Structure

src/
├── components/         # React components
│   ├── ui/            # Reusable UI components
│   └── theme/         # Theme configuration
├── hooks/             # Custom React hooks
├── lib/              # Utility functions and constants
└── types/            # TypeScript type definitions

Key Components

• YieldBoost: Main application component
• useYieldBoost: Core hook managing yield boost logic
• BalanceCard: Displays user balances and APY
• YieldTabs: Handles deposit/withdraw interactions

Environment Variables

VITE_RPC_URL=https://api.harmony.one
VITE_CHAIN_ID=1666600000

Contributing

1. Fork the repository
2. Create a feature branch (git checkout -b feature/amazing-feature)
3. Commit changes (git commit -m 'Add amazing feature')
4. Push to branch (git push origin feature/amazing-feature)
5. Open a Pull Request

Testing

# Run unit tests
npm run test

# Run E2E tests
npm run test:e2e

Deployment

# Build for production
npm run build

# Preview production build
npm run preview

Architecture

Frontend Stack

• React 18 with TypeScript
• Vite for build tooling
• TailwindCSS for styling
• shadcn/ui for components
• Lucide React for icons

State Management

• React hooks for local state
• Custom hooks for business logic
• Context for global state

License

This project is licensed under the MIT License - see the LICENSE file for details.