What is the problem? & Why are we solving it?

Lifi is expensive and gassy, people want Defi but secretly not all the staking and restaking mess. The solution is to integrate some more swappers namely propellerswap (solver) and Portals Portals (aka zaps) just the zaps bit (any<>any and Zaps). No messing with other endpoints like opportunities or grand wild redesigns.

How does it help Shapeshift users or DAO?

More routes and more options equals competitive pricing. better pricing leads to more volume.

Propellor swaps give us positive slippage. we can pocket this on sub 1k swaps or….we can give it back to low cost users which would lead to a wild retention loop. “Test your trades on SS and get money back. Stay b/c the rates will often be better for you than anywhere else. PLus portals and you have one click defi. Add all your accounts“

More asset options is also retentive since users don’t need to visit as many dapps to enter and exit defi stuff which Tim believes is a hidden “revealed preference.”

How are we solving it?

Propellerswap actually shipped a doc for us on how to integrate and Gomes did light technical review

Portals we just pay a $50/mo fee for the API.

What are the requirements (engineering, marketing, grants etc.)?

UX

One way is we split portals into a new tab on the swapper (not that necessary but we can challenge this path)

1. As a user, i can see the shift tab – for Portals in the swap UI—
   1. if i click on shift i get a modified swapper experience
      1. in /web we will filter to the available assets that shifts support.
      2. this will allow for a smoother loading experience on searchable assets.
   2. users pick an asset to “shift” into
   3. if a user selects an LP token the underlying tokens are displayed
      1. we might need additional designs for balancer types (up to 6 tokens)
   4. Users see a summary of the shift on the right including Portals as the provider

Fees

We’ll have to chat with them about fees. as of now it’s mentioned that “all zaps take a 15 BPS fee.” but in DM’s in march 2024. founder said:

Also, not sure if we have mentioned previously, but we do offer 100% rev sharing now, meaning that any fee you set you'll keep 100% of (or you can set it to 0 if you'd like)

This sounds like us using fox discounts is no issue, but some zaps may be prohibitively expensive and the DFC will have to keep a watchful eye on those params. or negotiate with portals to have our API be different if we drive more volumes.

normal challenge questions:

Does this effect EOA wallets, UTXO wallets, Smart Contract Wallets, Hardware wallets, or a limited scope of them?