Road to the Vision: Our Upcoming Products
The ideal DeFi product and how to get there.
In our recent article explaining the overarching vision of Unstoppable, we laid out our ultimate goal:
- Protecting user investments while generating outsized returns
- Making DeFi accessible to everyone and integrating it into the real world through a simple to use wallet
- Do good
Now this is not something that can happen overnight, so today we’ll go into more detail about the milestones on the journey and how we plan to get there.
Unstoppable:Yield
To achieve our first two goals we will need to put some infrastructure products into place as a first step.
DeFi has produced some amazing projects and concepts that are not just innovative, but also add real value to users in a way that hasn’t really been possible before Ethereum and programmable money.
We at Unstoppable have tremendous respect for these builders and what they have achieved and we don’t only want to contribute something of value ourselves to the DeFi landscape, but also want to deeply collaborate, integrate and compose with other good players in the space.
That’s why wherever possible we will integrate with these existing projects. And if there is a part missing that would allow us to build an even better overall DeFi product in the end, we will contribute the missing pieces ourselves.
A great example is our upcoming TriGLP product. It builds on the well established GLP token from GMX.io on Arbitrum, but creates additional value for LPs, users and last but not least the Unstoppable protocol and soon its tokenholders.
~20% RealYield on an index token like GLP is great, but having the option to go fully delta neutral while still receiving ~10% or, on the other end of the spectrum, maintain full crypto exposure and get paid ~30% RealYield on it, will give us way more flexibility in the future to create uncorrelated returns for our final product.
Building more Unstoppable:Yield products whenever we see a missing piece or an opportunity like with TriGLP will:
- put the pieces into place for creating a low-correlation, highly risk/reward optimised strategy for our final product
- contribute interesting, composable options to the DeFi landscape
- allow us to earn revenue to fund development and create value for our tokenholders
Unstoppable:Loans
The reason why we see loans as an essential part of our overall product and strategy is because of one amazing feature: non-liquidatable loans.
Alchemix were the first to come up with the idea of non-liquidatable, self-repaying loans. It’s one of the real DeFi innovations and primitives that shows DeFis potential and helped shaped the space.
And having the opportunity to take out a non-liquidatable loan against your initial investment allows us to stay true to our two core goals for the perfect DeFi product: protecting your initial investment while generating outsized returns.
With staked ETH derivatives such as stETH from Lido, rETH from RocketPool and the upcoming sfrxETH from Frax becoming widely available as a de factor risk-free rate in DeFi, we see the perfect opportunity to create a platform that allows to take out non-liquidatable loans against bluechip yield bearing collateral such as staked ETH, Curve or Convex LPs and similar high quality, low risk, yield bearing tokens.
Unstoppable:Wallet
This certainly deserves its own article and we will get into more details as we move closer to launching it.
For now we will focus on the core values we want to see in the perfect wallet:
- Security
- An actually simple and intuitive UX
- Super simple and direct on- and off-ramp and IRL integration
- All essential features for both, advanced crypto natives as well as your Mum and Dad.
Our goal is to empower people and help them take control over their financial future in a way they can feel comfortable with.
Is all that feasible?
Absolutely. We have an amazing team in place and we are only just getting started.
We specifically did not want to have a tokensale or raise funds before we’ve proven that we can build and ship something of value, which is why we released the Zero Fee Unstoppable GLP Autocompounder early on as a public good, and now have developed with TriGLP the first Unstoppable:Yield product before taking in any funds.
We also have already put a lot of behind-the-scenes work into the Unstoppable:Loans and even the smart contract wallet, so these are not just eventual pipe dreams, but are all products that we have already been actively working on and that we are confident we can deliver in the near future.
And after that?
There is a world of opportunity out there and we plan to shape the future of Unstoppable together with our community.
And there are still quite a few areas in crypto and DeFi that still have room for improvement. Insurance and trustworthy audits is one very interesting topic. Halal products for the muslim world. Leverage through structured products as it exists in the TradFi world.
We won’t run out of interesting things to build anytime soon.
If all of this sounds interesting to you, come join us in our discord!
