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Mean Finance

The state-of-the-art DCA protocol.
Category
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Finance
Blockchain
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Polygon, Ethereum, Optimism ...
Publisher
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Mean Finance Team
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What is Mean Finance?
Mean Finance is the state-of-the-art DCA open protocol that enables users (or dapps) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency, without sacrificing decentralization or giving up personal information to any centralized parties. Mean Finance is an innovative open protocol that offers a range of advanced features designed to empower users in their Dollar Cost Averaging (DCA) strategies. With its state-of-the-art technology and commitment to decentralization, Mean Finance stands out as a reliable and efficient solution for users seeking to DCA any ERC20 token into another ERC20 token.

Decentralized DCA
Mean Finance enables users to engage in Dollar Cost Averaging without relying on centralized parties. It eliminates the need to trust intermediaries or provide personal information, ensuring that users maintain full control over their funds and privacy.

Flexible Strategy Creation
The protocol allows users to create highly customizable DCA strategies based on their specific preferences and investment goals. Users can define parameters such as the start date, end date, frequency, and token allocation for their strategies, tailoring them to their individual needs.

Token Compatibility
Mean Finance supports a wide range of ERC20 tokens, providing users with the flexibility to choose their desired token pairs for DCA. This extensive token compatibility enhances the protocol's versatility and enables users to diversify their investment portfolios effectively.

Seamless Integration
The protocol offers a seamless integration process, allowing users to connect their wallets and interact with the Mean Finance interface effortlessly. This user-friendly approach ensures a smooth experience for both new and experienced users.

Security and Audited Contracts
Mean Finance prioritizes the security of user funds and employs audited smart contracts to mitigate risks. By conducting regular security audits, the protocol enhances trust and instills confidence in users, ensuring that their assets are safeguarded.

Transparent Transactions
All transactions performed within the Mean Finance ecosystem are transparent and recorded on the Ethereum blockchain. Users can verify their transactions on blockchain explorers, providing them with an additional layer of transparency and accountability.

Community-Driven Governance
Mean Finance embraces a community-driven governance model, allowing token holders to participate in decision-making processes. This ensures that the protocol evolves based on the collective wisdom and input of its users, fostering a sense of ownership and engagement.

Educational Resources
The Mean Finance project provides educational resources, including documentation and guides, to help users understand the protocol and its functionalities. These resources aim to empower users with knowledge, enabling them to make informed decisions and maximize the potential of their DCA strategies.

Continuous Development and Innovation
The Mean Finance team is dedicated to ongoing development and innovation, constantly seeking ways to enhance the protocol's capabilities and address user needs. This commitment ensures that users have access to cutting-edge features and improvements over time.

Open and Permissionless
Mean Finance follows an open and permissionless approach, allowing anyone to participate and benefit from its features. There are no barriers to entry, ensuring that users from all backgrounds can engage with the protocol and leverage its benefits.
Information
Type
Automated Market Maker
Blockchain
Polygon, Ethereum, Optimism
Polygon, Ethereum, Optimism
Platform
Windows, macOS
Publisher
Mean Finance Team
FAQ
Mean Finance is the state-of-the-art DCA protocol. It enables you to set up actions like “Swap 10 USDC for WBTC every day, for 30 days”. You can create these actions between almost all ERC20 tokens, in the frequency of your choosing. These token swaps will then occur regardless of the asset's price and at regular intervals, reducing the impact of volatility on your investment.
When you set up a position, you are creating an intention to swap one token for the other. Then, some external user can come and execute the swap for you, honoring the desired frequency of course. When they execute your swap, you are charged a 0.6% fee on the amount that was swapped. This fee is then split between Mean Finance and the swapper. Since you don’t have to execute the swap by yourself, you don’t need to pay any gas.
Timing the market can be extremely difficult. The goal of performing DCA is to reduce the overall impact of volatility on the price of the target asset; as the price will likely vary each time one of the periodic swaps is executed, the investment is not as highly subject to volatility. DCA aims to avoid making the mistake of making one lump-sum investment that is poorly timed with regard to asset pricing.

Mean Finance will allow you to perform DCA, in a gasless and decentralized fashion. This means:

No account required

No trading limits

No deposit or withdrawal fees
Mean Finance relies on on-chain oracles to determine the price at the moment of the swap. Right now Mean Finance usesChainlink price feedsandUniswap V3’s TWAP oracles,but in the future we will support more on-chain oracles.
Mean Finance contracts have been audited by Pessimistic and PeckShield.
Users need to pay gas only when they interact with the positions. This includes:

Creating their position

Modifying their position

Withdrawing balance from their position

Setting or revoking permissions

Closing their position

End users don’t have to pay gas fees when the swaps are executed.
Users need to pay gas fees when interacting with their positions. At the same time, there is a protocol fee that is charged in each swap. That fee is currently 0.6%.

For example, let’s assume that you’ve created a position that swaps 2000 USDC for ETH each day. Let’s also assume that, when the swap is executed, 2000 USDC = 1 ETH. Instead of getting 1 ETH, you would be getting 1 ETH - 0.6% = 0.994 ETH. That 0.6% will be split between Mean Finance and the user who actually executed the swap.
Mean Finance incentivizes other users to execute swaps, for a profit. Now, these incentives can be affected by different factors:

The general sentiment of the crypto market

The popularity/demand of the tokens involved in the swap

The volume of the tokens involved in the swap

When a specific pair has some swaps that haven’t been executed in quite some time, the pair is signaled as stale.
You don’t need to execute your swaps by yourself since Mean Finance incentivizes other users to execute swaps, for a profit. Now, these incentives can be affected by different factors:

The general sentiment of the crypto market

The popularity/demand of the tokens involved in the swap

The volume of the tokens involved in the swap

So it could happen that your swap is not executed within your specified frequency. If this were to happen to your position, remember that fees are only charged on swaps, so your balance will remain unaffected.
Since swaps are executed by external users, they can decide when to execute them. For example, let’s assume that you had created a position with daily swaps. This means that from 00 AM UTC to 11.59 PM UTC, your position can only be executed once. Once it is executed, it can't be executed again until 00 AM of the following day. The same happens with other frequencies, such as weekly or monthly.
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