As the markets have taken a turn for the worse the past months it has been somewhat of a blessing for developers.
Constant updates, price movements, new farms have given way to more time to solidify tech, fix old pain points and look to the future.
Let's have a quick look.
One of the biggest time sinks and coordination points for yield aggregators is releasing new vaults and ensuring that estimations of performance shown to users are accurate.
Scaling, specifically, for many releases on possibly different protocols or chains being quite difficult.
@iearnfinance pioneered infrastructure such as the Vault Registry, and the Yearn Lens.
At @BadgerDAO we have worked to solve similar problems within our system. The Badger Registry v2 just went out this week!
Code Available Here
github.com/Badger-Finance/badger-registry
On chain discoverability of vaults is a critical piece of infrastructure to ease the pain of coordination - especially around release and management of a vault status.
For usability and speed purposes a data layer is employed to service the app. Currently, this is centralized.
Contributors manually curate vaults, names, protocols etc. The new registry removes the need for this. Soon the API will resemble more closely an ETL pipeline, the registry being the source of truth.
This allows the API to slowly move into an "autonomous" verifiable state with eventually no maintenance - sans pricing updates.
This means a release lifecycle fully controlled by on chain actions! Deploy, register, promote - release!
Not all pieces of the puzzle are on chain, or sufficiently decentralized for some parties - even myself. This is still a work in progress and the plan of attack to continue on this path is clear as ever.
I call this effort the Full Metal Badger.
If you are interested in reading more about how @BadgerDAO plans to continue to move toward more on chain, DAO controlled systems you can check out the initial plan of attack I've laid out in this gist.
gist.github.com/axejintao/a74f15af63ccf97d88e9881e934dbd60
š„ Cheers, and happy building!