Sister In Law — One-click Hedging Protocol

SIL Finance is a re-known concept as a single-sided yield aggregator having adventurous functional NFT farming card add-ons. It is a decentralized automatic investment platform and is based on smart contracts. It focuses on providing users with DeFi financial management services. SIL Finance provides dual-token liquidity for variable swaps, automatic compound interests, and LP matching. It automatically selects the products, configures them, is the best suit for users’ interests, and helps make the complex liquidity a simpler one.

On the DeFi market, the model of SIL is unique due to its single-sided functionality and is solely contributed by the users. This product is way more open than the other yield products and gives all possible choices back to the community. There is no principal or commission fee, and mining revenue is distributed to all users in proportion. It is a fair and just platform and is jointly built by crypto enthusiasts worldwide.

Features of SIL Finance

Dual currency concept

It involves LP grouping, which is a similar concept to the DeFi vault. If we elaborate it further, we can say that there are two users in which user a holds ETH and user b holds USDT. User b wants to participate in mining to gain interest, and due to ETH, the price soars. User b is not ready to convert USDT to ETH. For such a case, SIL provides a liquidity pool that matches the ETH of user a with the USDT of user b as a bundle for participation. This thing mutually benefits both users in a P2P dual-mining model.

SIL also brought a Matryoshka mechanism which is based on the LP matching mechanism. SIL token is issued on the original digital assets investment to gain compounding interest and is issued to participants through a mining process. There is no need to exchange another coin for the mining process as each party of paired LP bears holds one impermanent coin loss.

Model of compound interest

It helps to deposit the token into SIL, which is further paired into LP. It is done so to mine the contract claim earnings. Claim earnings in such are exchanged for two coins to form a new LP and re-stake process. The newly added LP is distributed to current LP pool users according to their share.

Token matching LP

Whenever a user adds the token to SIL, it will automatically pair to LP for mining. The user holds half of the LP equity and then can withdraw the token from LP at any time. This matching mechanism is a three-tier model that ensures that the first entrant has a superior queue position.

Token pairing earnings

LP stakes the market and swap the mined token, and re-form the LP. It distributes to the users to enjoy the passive compound interest growth. As an LP liquidity provider, it receives fee earnings from automatic market-making.

Problems that SIL can solve

SIL could help the user to match the user group to hold sushi. We have seen that SUSHI-ETH swap dual currency mining has high APY, but in reality, the scenario is that there is only ETH rather than SUSHI. This all can happen by grouping the LPs so that they can participate in the mining progress. It can also benefit everyone who identically shares the dividends as everyone has half of the principal. In case of gratuitous losses, the first set has to bear its own gratuitous losses, and the second set comes out with gratuitous solutions.

For example, we observed that the SUSHI-ETH swap dual currency mining has a high APY. While the real scenario is there only exists ETH rather than SUSHI; At the same time, SIL could help you match the user group that holds sushi but without ETH by grouping (LPs) to participate in the mining progress and benefit everyone who shares the dividends equally, since everyone has half of the principal.

No pre-mining

➔ Whenever a user adds a token into the SIL contract, that token will be distributed according to the share of the added token. If the pairing is not successful at the end, there are still SIL token earnings. They will be split equally in LPs token 0 or 1 deposit queue.

➔ For the initial roadmap, SIL Finance always supports the UNI token and the SUSHI token.

➔ In the case of the midstage roadmap, SIL Finance experiments with the batch of pools to reduce the impermanent losses. It also manages DeFi loan settlement function integration and arbitrage strategy products. It automatically executes the contracts. Other than this, there is also a business model that aggregates participants’ assets into a pool to coordinate the overall strategy. The automatic asset management tool is considered an entry product of the DEFI world, and SIL finance still hopes to use it automatically as PayPal.

SIL BSC Integration

SIL Finance has finished the integration with BinanceChain and includes PancakeSwap and BurgerSwap. Ethereum assets also bridge the BinanceChain through the Poly network. Details related to it will be disclosed when the time is right. The roadmap on Binance is as follows:-

● The SIL LP pool will open with a SIL single token yield pool.

● SIL FINANCE product suite will deploy on Binancechain.

● SIL rewarding leverage will be tripled or quadrupled on SIL’s yield interface.

Finance Ambassador program of SIL

SIL-AMB, also known as a SIL Finance Ambassador program, enables blockchain evangelists across the globe to help and support the project. It shares the accomplishments and rewards along with the project. The SIL team is hoping to gather the strength of the community so that they can build and develop the SIL ecosystem. Team also encourages cooperation to bring mutual benefits.

SIL Finance is a platform that automatically selects and configures the products suiting best according to users’ interests. It further involves various factors such as annualized rate of return, safety factor, and management cycle of finance. SIL Finance takes the risks which involve the liquidity mining process. But it has a huge benefit of automatic compounding which helps increase profits without spending much time.