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Lambda is a Portfolio PnL API for Web3 applications.
Mission
Provide DeFi data to grow Web3 business.
Problem
We analyzed public on-chain data of portfolio structure for wallets across 40 EVM networks and discovered:
- There are $110 billion in Stablecoins and ETH in hold positions that do not generate rewards from DeFi.
- There is also $20 billion of TVL in DeFi could generate an additional $600 million in rewards (3%) annually with the same level of risks by using more efficient strategies/protocols/providers.
- There is also $20 billion of TVL in DeFi that could generate an additional $600 million in rewards (inefficient strategies)
- The missed income for $110B in holdings is 7.5% annually, while for $20B of inefficient DeFi, it is 5%.
- Assuming that a web3 app can retain 5% of the rewards from its users for providing the service, we can estimate the missed revenue for Web3 wallets and dApps.
Inefficient user engagement in DeFi indicates a missed annual revenue of $500M for Web3 wallets and dApps.
In order to generate new opportunities for users, wallets typically collaborate through integration with staking providers and DeFi protocols within their applications, creating DeFi opportunities. Following this logic, wallets face the next challenge — engagement with DeFi products and user retention.
Solution
Staking providers, protocols, and yield providers typically address the primary problem by offering more solutions that can be integrated. As a team of data engineers, we address the more pressing issue of user retention by providing unique data to attract more users in DeFi.
We address the DeFi engagement problem by providing Web3 portfolio data for decision-making.
Lambda API provides the following data:
- Current token balances and DeFi positions of users:
You have 10 ETH in your wallet and 10k USDC locked in Protocol X
- Historical data on the profits and losses of DeFi positions (both current and closed in the past):
Your profit from using protocol X (based on asset prices and generated rewards) was $500 last year.
- Data on missed yield in the past: we analyze the user's historical balances (on-chain data), track their current rewards, and assess potential rewards from alternative DeFi strategies. This allows us to calculate Opportunity Costs (missed on-chain rewards) for a powerful CTA within your application:
You could have $X more in on-chain rewards by using Protocol Y instead of Protocol X
Legal disclaimer
The materials provided herein are for informational purposes only and shall not be construed as legal, financial, or investment advice. The use of these materials is at your sole discretion and risk. We disclaim any and all liability arising from the use or reliance on these materials.
Prior to making any decisions regarding the execution of a transaction, you are strongly advised to seek and obtain comprehensive information regarding the risks, costs, and potential consequences associated with trading on financial markets. You should carefully evaluate your objectives, experience, and acceptable risk tolerance. If necessary, you should consult with a qualified professional to assess your specific circumstances.
Updated 25 days ago