Core Elements

The essence of ChainPL lies in its network of active Vaults and associated smart contracts on the blockchain. The protocol, functioning autonomously, engages in these key operations:

• Deposits and Yield Farming: ChainPL's contracts manage user deposits and engage in automated yield farming processes.

• Fee Distribution: The protocol handles the distribution of fees to various stakeholders within the ecosystem.

Supportive Services for ChainPL Protocol

To ensure the smooth functioning and accessibility of ChainPL's smart contracts, several supportive services, often requiring human intervention, are integral:

• Smart Contract Maintenance: This includes pausing vulnerable contracts, making live updates or improvements to enhance performance.

• Contract Development: The creation and implementation of new contracts to either replace or augment existing ones.

• User Interface Provision: A functional web application or interface assists users in interacting with the smart contracts and viewing real-time data such as return rates.

• Server and Database Maintenance: Essential for storing and disseminating relevant data about the protocol, and for maintaining services like APIs.

• Automated Contract Interactions: Bots and automated systems are employed to monitor and trigger profitable compounding events within ChainPL's vaults.

While the protocol can operate independently, the longevity and efficiency of ChainPL's smart contracts rely on these services. They ensure safety, operational integrity, and user accessibility.

External Ecosystem Collaborations

ChainPL's protocol also serves as a foundation for various external services and platforms, which expand the accessibility and utility of its products. These include:

• Third-party Smart Contracts: Engaging with ChainPL's system as on-chain stakeholders or depositing funds.

• Alternative Web Applications: Directing users to ChainPL's smart contracts for ease of access and interaction.

• Informational Services: Offering additional insights and comparisons for users, like user dashboards or analytical platforms.

These external services, while crucial for extending ChainPL's reach and utility, are distinct from the core protocol of ChainPL. They represent the broader ecosystem and community engagement that contributes to ChainPL's overall impact in the DeFi space.