CIAN is an Automation Decentralized Finance (DeFi) tooling protocol that allows blockchain users to develop and optimize complex multi-protocol yield strategies.
With the growing number of revenue-generating DeFi users, the need for a simple and accessible platform was imminent. The existing platforms have only favored users with previous blockchain coding skills.
Of course, there are only a few people with such abilities.
To bridge this gap, CIAN offers 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.
In addition, it saves more than 80% of manual execution processes.
CIAN timetable
CIAN’s long-term goal/commitment is to provide a universal decentralized automation infrastructure for fast-growing blockchain ecosystems. The motivation behind the project is that modern ecosystems require extensive automation to function effectively.
CIAN will play a significant role in next-generation blockchain systems when the overall blockchain ecosystem is sufficiently empowered by universal automation capabilities.
Given the effort required to achieve this goal, CIAN is taking 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 Derivatives Staking Strategies (Liquid Staking)
Over the next 18 months, CIAN’s scenario-based growth plan will focus on the use of derivatives. CIAN believes that derivatives staking will reshape the DeFi stack in the next 1-2 years and become the largest category of assets in DeFi while driving the development of DeFi. A new huge ecosystem focused on derivatives staking is set to be built from the ground up. CIAN believes that automation and better composability will greatly accelerate its growth and maturity.
CIAN sees it as a unique opportunity to grow alongside leading protocols in the crypto space through deep partnerships related to automation.
CIAN takes a step forward in accelerating the adoption of automation in this space by developing advanced automated revenue strategies. They enable staking derivatives to expand their application scenarios. All automated processes are built using CIAN’s decentralized automation tools, which would allow users to apply parameter tuning to customize their strategies. CIAN’s automated strategies are expected to support all major staking derivatives over the next four months, starting with the popular ones on Polygon, Avalanche, and Ethereum.
Generic automation scenarios
In addition to staking derivatives, CIAN will regularly expand 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 to allow for custom automation scenarios.
To achieve the goal of universal blockchain automation, CIAN is constantly working on the following:
1. Extensive protocol integration;
2. Development of composable automation primitives that, when aggregated, can cover the vast majority of blockchain operational scenarios.
To meet CIAN’s scenario-driven growth plan, the platform now decides which protocols and automation primitives will meet the needs of different automation scenarios. Here are some of CIAN’s notable milestones:
By the end of 2022, CIAN’s architecture will include composable automation primitives that enable custom automation scenarios.
- CIAN expects to release its SDK in 2022 to allow community developers to contribute to protocol integration.
- CIAN’s SDK will allow developers to access/integrate with all available protocols and automation primitives by the end of 2022.
- CIAN proposes to develop a framework adapter by Q2 2023 to facilitate the integration of other protocols.
NFT program
Post NFT
Post NFT CIAN will provide unique non-fungible token prizes to all users participating in the first few events. These NFTs are non-transferrable and instead serve as proof of contribution. NFTs awarded are divided into five tiers: S, A, B, C, and D. S-Tier NFTs are only awarded to users who make significant contributions. The following are the levels:
- Level S (higher level)
- Level A
- Level B
- Level C
- Level D (lower level)
Later, NFT holders will receive certain rights and benefits (like CIAN’s token airdrop) based on their NFT tier.
CIAN will soon also offer Art NFT.
security
CIAN’s main goal was to set up a secure and decentralized application to maximize and simplify user investments. It will also act as a gateway. CIAN has no custody or control over your assets.
After linking your wallet, you will get your smart account that only you can access. You also get CIAN Smart Contracts. Smart Accounts are specifically designed so that only the owner and creator (you) can withdraw cash from them. CIAN Smart Contracts only have the authority to transfer your funds through user-approved protocols.
Each transaction within a custom automation process must be validated by a “signature” before execution. This ensures absolute security and transparency in the network.
To automate execution, the network uses EIP-2612 to keep the user’s signature alive for a period of time. Users will be notified if they need to re-enroll before the EIP-2612 permit expires.
The platform itself carries no risk of revealing private keys. Since your wealth is always tied to your Smart Account, the only danger in the event of a security breach is your wealth circulating in your chosen pools. All assets can only be removed from your Smart Account if you have specifically requested it.
However, no DeFi investment is without danger. Before making a deposit, it is important to do some research and understand the risks associated with each technique. PeckShield is currently reviewing CIAN Smart Contracts.
Create a job
CIAN uses automation in position development to help users build complicated investment positions in three easy steps. The standard process required for this type of transaction can take more than 50 clicks across different protocols. Position creation not only reduces users’ manual execution of investment settings, but also allows them to monitor prices and APYs of all leading protocols from a single page. This alone can save several hours of research time.
Loans for agriculture
“Borrow to Farm” refers to a situation where 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 rapidly develop, monitor, optimize and protect this complex investment approach popular with sophisticated investors.
car loan
Auto Borrow is designed to help consumers maximize their capital efficiency. If the LTV% fell below the preset ‘Borrow Limit’, the system would immediately start borrowing extra to bring your LTV% to the preset ‘Target Collateral Ratio’. The additional assets would then automatically be transferred to your relevant agricultural position(s) to create returns.
Automatic payment
Auto Repay was created to help users protect their assets from liquidation. If the LTV% would grow beyond the “Cashback Limit”, the system would automatically move funds between users’ lending and farming positions to reset their LTV% to the preset “Target Collateral Ratio”.
Flash Refund
Flash Repay was created to protect users’ collateral from liquidation during periods of significant volatility. If the LTV percentage exceeded the predefined “Payback Threshold”, the system would immediately reset the LTV percentage to the predefined “Target Collateral Ratio” via flash lending and selling some collateral of the users.
Final Thoughts
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 tries to counter the complexity through decentralized automation. With the sophisticated CIAN automation features, no-code users and experienced programmers can quickly assemble and automate their on-chain processes in a decentralized way.
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