At Brink, we’re building critical infrastructure for automated transactions. Brink is a fully permissionless, non-custodial, and decentralized network that provides automated execution of transactions to the DeFi community.
We’re excited to announce the release of our smart contract code! This is a huge milestone for the team and represents many weeks of effort. It’s still only a fraction of the code we’ll be releasing over the coming months, so stay tuned for more.
We’ve released 4 solidity repositories:
Brink will launch with basic conditional orders like limit orders and stop-losses for all ERC-20 pairs, but that’s only the first step. At Brink, we’re excited about developing and releasing more complex conditional orders.
In this article, we will highlight the more complex types of conditional orders that the Brink platform supports. We believe that these will add significant value for our users by minimizing risk and maximizing profit.
What is IL?
Simply put, impermanent loss (IL) can be calculated when the value of one or both of the underlying tokens in the liquidity pool changes when compared to the price at which the tokens were deposited. This means that if the price of the two assets in the LP do not move perfectly in sync (which can not be expected from two entirely different tokens), a position holder will theoretically have IL. It’s essential to include the word ‘theoretically’ here since IL isn’t something that tangibly occurs to your portfolio. …
Over the past year, DeFi has grown at a staggering rate. In January of last year, there was about $800M total value locked in DeFi. Today, over $26B of total value is locked, representing a growth rate of over 3500%. Much of that growth is due to the profit potential from staking assets in yield-bearing pools (AKA yield farming). Simply put, liquidity providers supply liquidity to a pool on an AMM (automated market maker) and receive a small fee from each transaction. Liquidity providers receive ‘LP tokens,’ representing their share of the pool, which appreciates from the fees accrued by…
In previous articles, we’ve mostly focused on how the Brink platform will benefit institutions and drive growth in DeFi. Here, we’ll discuss how Brink will help the average user minimize risk and maximize returns from Yield Farming.
What is Yield Farming?
Yield farming allows users to earn passive income by providing liquidity to AMMs (Automated Market Makers) like Uniswap. In exchange for providing liquidity, yield farmers receive fees from each transaction on the AMM (generally 0.03%), and they often receive rewards from another source, like protocol-specific incentives.
Problems with Yield Farming
When you transfer tokens, send tokens, or interact with the Ethereum blockchain in general, gas is required to pay for the computation needed to process that transaction. If you’re not familiar, you can read more about gas here.
In this article, we’ll discuss why gas makes transacting on DeFi clunky, which is limiting the growth of Decentralized Exchanges and DeFi in general.
DeFi transactions are clunky and expensive
DEXs (Decentralized Exchanges) are outpacing the growth of CEXs (Centralized Exchanges), and it is possible that soon, DEXs could outpace centralized transaction volume. Although DeFi developers are building new tools for DEX users, there are still considerable infrastructure limitations on DEXs. Until these limitations are addressed, DEX growth will be limited, and DEXs will be less useful for retail investors and institutions.
This article will focus on conditional orders and why they are an important feature set for DEXs.
What is a conditional order?
A conditional order allows you to set order triggers for assets based on price movement or…
We’re excited to announce Brink: a DeFi conditional orders platform. Brink lets you create limit orders on any ERC20 token pair that has a Uniswap market.
Brink is bringing automated transactions and conditional orders to DeFi for the first time. Using smart contract accounts and meta-transactions, users sign and publish orders that can be executed permissionlessly based on market conditions.
Limit orders are the first use case for the platform. Complex conditional orders based on price movements in any direction are also possible, as well as DeFi specific actions such as automatic liquidations and reward re-allocation.
How Brink works
Brink is bringing automated transactions and conditional orders to DeFi.