In this project, we embark on the development of an Automated Market Maker (AMM) on Celo blockchains, leveraging the power of Chainlink, Viem, Wagmi Client, and Celo Composer.
By creating an AMM, we aim to revolutionize liquidity provision and trading efficiency in the decentralized finance (DeFi) ecosystem.
Throughout the project, we will integrate Chainlink, a decentralized oracle network, to obtain accurate and reliable price data for asset valuation within the AMM. Chainlink’s data feeds will ensure real-time and trustworthy market information, enhancing the accuracy of trading decisions and minimizing price slippage.
Additionally, we will leverage Viem, a Typescript based and lightweight contract interactions framework, to streamline the coding process and facilitate method operations, token pairings, and automated trading algorithms.
To interact with the Celo blockchains, we will utilize the Wagmi client, RainbowKit and Viem as thesr simplifies blockchain interactions and enables seamless integration with our AMM.
We shall be uding Celo Composer(NextJS based), Typescript and Tailwind CSS to build the frontend.
By the end of this project, you will have gained valuable insights into building Automated Market Makers on Celo, leveraging Chainlink, Viem, Wagmi Client, RainbowKit and Celo Composer. Join us on this transformative journey as we enhance liquidity provision and trading efficiency, empowering users in the decentralized finance landscape.