CIAN is an automation decentralized finance (DeFi) tooling protocol that allows blockchain users to develop and optimize complex multi-protocol yield strategies.
With the increasing numbers of revenue-generating DeFi users, the need for a simple and accessible platform has been imminent. The existing platforms have only favored users with previous blockchain coding skills.
Of course, it’s only a few people with such skills.
To bridge this gap, CIAN provides a simple DeFi execution blockchain platform that is fully automated. With the CIAN platform, users can optimize their capital efficiency by up to 60% compared to other platforms.
Additionally, it saves more than 80% of the manual execution processes.
Table of Contents
CIAN Road Map
CIAN’s long-term goal/commitment is to provide a universal decentralized automation infrastructure for rapidly expanding blockchain ecosystems. The motivation behind the project is that modern-day ecosystems require large-scale automation to function effectively.
CIAN will play a significant role in next-generation blockchain systems when the general blockchain ecosystem is sufficiently fortified with universal automation capability.
Given the effort required to achieve this aim, CIAN takes a more realistic approach to growth. Users must select robust automation scenarios as starting points to drive CIAN’s product backend development and volume growth.
Automated Derivative Staking Strategies (Liquid Staking)
For the next 18 months, CIAN’s scenario-driven growth plan will be the center of staking derivatives. CIAN thinks staking derivatives will remold the DeFi stack in the next 1-2 years, becoming the largest category of assets in DeFi while driving DeFi’s development. A new vast ecosystem centered on staking derivatives is projected to be built from the ground up. CIAN believes that automation and better composability will accelerate its growth and maturity considerably.
CIAN views it as a once-in-a-lifetime opportunity to grow alongside leading protocols in the crypto space through deep partnerships related to automation.
CIAN is taking a step forward in accelerating the adoption of automation in this domain by developing advanced automated yield strategies. They allow staking derivatives to expand their application scenarios. All automated processes are built with CIAN’s decentralized automation tools, which would enable users to apply parameter tuning to tailor their strategies. CIAN’s automated strategies are scheduled to support all significant staking derivatives over the next four months, beginning with popular ones on Polygon, Avalanche, and Ethereum.
Generic Automation Scenarios
In addition to Staking Derivatives, CIAN will regularly upgrade the coverage of universally applicable generic automation scenarios. Meanwhile, CIAN aims to have all of its automation primitives composable by the end of the year, allowing for user-defined automation scenarios.
To reach the aim of universal blockchain automation, CIAN is constantly working on the following:
1. Large-scale protocol integration;
2. Developing composable automation primitives that can aggregately cover the vast majority of blockchain operational scenarios.
To meet CIAN’s scenario-driven growth plan, the platform is now deciding which protocols and automation primitives to meet the demands of various automation scenarios. Here are some of CIAN’s noteworthy milestones:
By the end of 2022, CIAN’s architecture will include composable automation primitives, enabling user-defined automation scenarios.
- CIAN expects to release its SDK in 2022, allowing community developers to contribute to protocol integration.
- CIAN’s SDK will allow developers to access/integrate all available protocols and automation primitives by the end of 2022.
- CIAN proposes to develop a framework adaptor to facilitate the incorporation of other protocols by Q2 2023.
Contribution NFT CIAN will provide unique non-fungible token prizes to all users participating in the first few events. These NFTs will not be transferable but will instead serve as evidence of contribution. The awarded NFTs will be classified into five tiers: S, A, B, C, and D. S-Tier NFTs will only be granted to users who make significant contributions. The following are the tiers:
- Tier S (higher tier)
- Tier A
- Tier B
- Tier C
- Tier D (lower tier)
Later on, NFT holders will receive certain rights and benefits (such as CIAN’s token airdrop) based on their NFT tier.
CIAN will also offer Art NFT soon.
CIAN’s primary goal was to establish a secure and decentralized application to maximize and simplify user investments. It will also function as a gateway. CIAN does not have custody of or control over your assets.
After linking your wallet, you will be granted your smart account that only you can access. You will also receive CIAN smart contracts. Smart accounts were constructed particularly so that only the owner and creator (you) may withdraw cash from them. CIAN smart contracts only have the authority to transfer your money over user-approved protocols.
Every transaction within a user-defined automation process must be validated by a “signature” before execution. This provides total security and transparency in the network.
To automate execution, the network employs EIP-2612 to keep the user’s signature alive for a certain period. Users will be informed if they need to re-sign before the EIP-2612 permit expires.
The platform itself poses no risk of exposing private keys. Since your assets are always bound to your smart account, the only danger in the event of a security compromise is that your assets circulate throughout your chosen pools. All assets could only be removed from your smart account if you requested it specifically.
However, no DeFi investment comes without danger. Before making a deposit, conducting research and understanding the risks associated with each technique is essential. PeckShield presently audits CIAN smart contracts.
Creating a Position
CIAN uses automation in position development to assist users in establishing complicated investment positions in three easy stages. The standard process required in this sort of transaction can need more than 50 clicks across various protocols. Position creation not only reduces users’ manual execution of investment settings but also allows them to monitor rates and APYs of all leading protocols from a single page. This alone can save several hours of research time.
Borrow for Farming
Borrow to Farm refers to a situation in which a user can engage in standard yield farming using assets borrowed against the collateralized asset of their choice. The automation primitives provided by CIAN enable users to quickly develop, monitor, optimize, and safeguard this complex investing approach that is popular among experienced investors.
Auto Borrow was created to help consumers maximize their capital efficiency. If the LTV% were to dip below the preset “Borrow-limit,” the system would immediately commence extra borrowing to bring your LTV% to the preset “Target collateral ratio .”The additional assets would subsequently be automatically transferred into your relevant agricultural position(s) to create yield.
Auto Repay was created to assist users in protecting their assets against liquidation. If the LTV% were to grow beyond the “Repay limit,” the system would automatically shift money between users’ lending & farming positions to return their LTV% to the preset”Target collateral ratio.”
Flash Repay was created to safeguard users’ collateral against liquidation during periods of significant volatility. If the LTV% exceeded the predefined “Repay threshold,” the system would immediately restore the LTV% to the predefined “Target collateral ratio” via flash loan and the sale of some of the users’ collateral.
CIAN’s goal is to achieve ubiquitous blockchain automation for everyone. Endless on-chain composability, sophisticated protocol mechanisms, and operations effectively prevent users from manually exploiting the on-chain ecosystem. CIAN attempts to address complexity through decentralized automation. With sophisticated CIAN automation capabilities, no-code users and expert programmers may quickly compose and automate their on-chain processes in a decentralized way.