Reactivate And Enhance Fund Allocations
Problem Overview
The current fund allocation system is in dire need of reactivation and significant improvements. The existing system has several limitations that hinder its effectiveness and user experience. In this article, we will delve into the problems plaguing the current system and outline the required enhancements to make it more efficient and user-friendly.
Current Limitations
The current fund allocation system has several limitations that need to be addressed:
Fixed Strategy
The allocations are hardcoded to a 30% taxes / 70% primary split. This means that users cannot customize their allocation percentages or destinations, which is a significant limitation.
Not Configurable
Users cannot define their own allocation percentages or destinations. This lack of flexibility makes the system less useful for users who have different financial goals or risk tolerance.
Status Bug
The system incorrectly reports funds as "properly allocated" even when the balances in the destination safes do not match the defined strategy. This bug can lead to users making incorrect decisions based on inaccurate information.
Required Enhancements
To address the current limitations, the following enhancements are required:
Configurable Strategies
Implement a mechanism for users to define custom allocation rules:
- Specify Destination Safes: Allow users to specify the destination safes, such as Primary, Taxes, and potentially a new "Yield Safe".
- Set Target Percentages: Enable users to set target percentages for each destination.
This enhancement will give users more control over their fund allocations and allow them to tailor their strategies to their individual needs.
Accurate Status Detection
Fix the logic that determines if funds are correctly allocated. It should compare the actual balances in the destination safes against the target balances derived from the total available funds and the user's strategy.
This enhancement will ensure that users have accurate information about their fund allocations, which is essential for making informed decisions.
Allocation Execution
Reactivate or implement the mechanism to perform the allocation transfers between the source wallet/safe and the destination safes based on the user's configured strategy.
This enhancement will enable the system to execute the allocation transfers as per the user's strategy, which is a critical component of the fund allocation system.
Yield Safe Integration
Consider the future addition of a "Yield Safe" as a possible allocation target within the system design.
This enhancement will provide users with an additional option for their fund allocations, which can help them achieve their financial goals.
Affected Areas
The following areas are likely to be affected by these enhancements:
packages/web/src/server/routers/allocations-router.ts- Related UI components in
packages/web/src/app/(authenticated)/dashboard/(or similar locations) - Database schema potentially needs updates to store user-defined allocation strategies
- Logic involving Safe interactions for transfers
These areas will require modifications to accommodate the new features and functionality.
Implementation Roadmap
To implement these enhancements, the following steps can be taken:
- Design and Planning: Define the requirements and design the new features and functionality.
- Development: Implement the new features and functionality, including the configurable strategies, accurate status detection, allocation execution, and yield safe integration.
- Testing: Test the new features and functionality to ensure they work as expected.
- Deployment: Deploy the updated system to production.
- Monitoring and Maintenance: Monitor the system's performance and make any necessary adjustments to ensure it continues to function as expected.
By following this roadmap, the fund allocation system can be reactivated and enhanced to provide users with a more efficient and user-friendly experience.
Conclusion
The current fund allocation system is in need of reactivation and significant improvements. The required enhancements, including configurable strategies, accurate status detection, allocation execution, and yield safe integration, will provide users with a more efficient and user-friendly experience. By following the implementation roadmap, the system can be updated to meet the needs of users and provide them with the tools they need to achieve their financial goals.
Introduction
In our previous article, we discussed the current limitations of the fund allocation system and outlined the required enhancements to make it more efficient and user-friendly. In this article, we will address some of the frequently asked questions (FAQs) related to the reactivation and enhancement of the fund allocation system.
Q&A
Q: What is the current limitation of the fund allocation system?
A: The current limitation of the fund allocation system is that it has a fixed strategy, which is hardcoded to a 30% taxes / 70% primary split. This means that users cannot customize their allocation percentages or destinations.
Q: Why is the current system not configurable?
A: The current system is not configurable because it was designed with a fixed strategy in mind. However, with the required enhancements, users will be able to define their own allocation rules and customize their strategies to meet their individual needs.
Q: What is the status bug in the current system?
A: The status bug in the current system is that it incorrectly reports funds as "properly allocated" even when the balances in the destination safes do not match the defined strategy. This bug can lead to users making incorrect decisions based on inaccurate information.
Q: What are the required enhancements to the fund allocation system?
A: The required enhancements to the fund allocation system include:
- Configurable strategies: Implement a mechanism for users to define custom allocation rules.
- Accurate status detection: Fix the logic that determines if funds are correctly allocated.
- Allocation execution: Reactivate or implement the mechanism to perform the allocation transfers between the source wallet/safe and the destination safes based on the user's configured strategy.
- Yield safe integration: Consider the future addition of a "Yield Safe" as a possible allocation target within the system design.
Q: What areas of the system will be affected by the enhancements?
A: The following areas of the system will be affected by the enhancements:
packages/web/src/server/routers/allocations-router.ts- Related UI components in
packages/web/src/app/(authenticated)/dashboard/(or similar locations) - Database schema potentially needs updates to store user-defined allocation strategies
- Logic involving Safe interactions for transfers
Q: What is the implementation roadmap for the enhancements?
A: The implementation roadmap for the enhancements includes:
- Design and Planning: Define the requirements and design the new features and functionality.
- Development: Implement the new features and functionality, including the configurable strategies, accurate status detection, allocation execution, and yield safe integration.
- Testing: Test the new features and functionality to ensure they work as expected.
- Deployment: Deploy the updated system to production.
- Monitoring and Maintenance: Monitor the system's performance and make any necessary adjustments to ensure it continues to function as expected.
Q: What are the benefits of the enhancements?
A: The benefits of the enhancements include:
- Users will have more control over their fund allocations and can tailor their strategies to their individual needs.
- The system will provide accurate information about fund allocations, which is essential for making informed decisions.
- The system will be more efficient user-friendly, which will improve the overall user experience.
Conclusion
The reactivation and enhancement of the fund allocation system will provide users with a more efficient and user-friendly experience. By addressing the current limitations and implementing the required enhancements, the system will be able to meet the needs of users and provide them with the tools they need to achieve their financial goals.