OmniFarming’s Mechanism
Last updated
Last updated
Intro: Aave V3 is a decentralized, non-custodial liquidity protocol that allows users to supply and borrow assets. It offers enhanced capital efficiency, cross-chain functionality, and improved risk management features, making it a robust choice for DeFi participants.
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Intro: Compound V3 is an algorithmic, autonomous interest rate protocol enabling users to supply crypto assets as collateral to borrow the base asset. It simplifies the user experience by focusing on a single borrowable asset per market, enhancing security and efficiency.
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Intro: Fluid is a decentralized application developed by Instadapp, introducing innovative features like a unified liquidity layer, automated limits, and a vault protocol. It integrates concepts from various DeFi protocols to offer high capital efficiency and advanced risk management.
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Runtime OFf-chain Logic (ROFL) apps are a mechanism to augment the deterministic on-chain backend with verifiable off-chain applications. These applications are stateless (with support for encrypted persistent local volumes), have access to the network and can perform expensive and/or non-deterministic computation.
ROFL apps run in Trusted Execution Environments (TEEs), similar to the on-chain confidential runtimes. This enables them to securely authenticate to the on-chain backend which is handled transparently by the framework. Together they allow one to implement secure decentralized oracles, bridges, AI agents and more.