Introduction
Haven1 emerges as an EVM-compatible, permissioned blockchain focused on creating a secure and regulated environment for financial transactions on-chain. Its distinct approach targets mass adoption in decentralized finance (DeFi) by facilitating real-world use cases prioritizing safety and compliance.
Innovation
The innovation in Haven1 lies in its ability to provide a secure on-chain finance platform with features like network-level guardrails and a structured recourse mechanism. It introduces a provable identity framework and fast asset integration, addressing key security concerns in DeFi.
Architecture
Haven1 employs a Proof of Authority (PoA) consensus mechanism, leveraging the identity and reputation of validators to ensure network security. This approach aids in maintaining low costs and high throughput. Additionally, it supports Ethereum as a side chain with plans to evolve into a rollup, indicating a scalable and forward-thinking architecture.
Code Quality
The project exhibits high code quality, characterized by thorough documentation, comprehensive testing with complete coverage, and active development. Industry-standard protocols like Uniswap V2 and Aave and modifications on the go-quorum client reflect a robust and adaptable codebase.
Product Roadmap
Haven1 is currently in the internal testnet phase, with plans for a staggered release to its community, starting with high-net-worth depositors. The public testnet is targeted for August, indicating a structured and strategic approach to deployment and community engagement.
Haven1 Usability
The platform aims to transcend the current Web3 applications’ user experience, aligning with the highest consumer expectations and industry security standards. Its interface is designed to be user-friendly, addressing a common pain point in adopting blockchain technology.
Team
Haven1’s development team comprises developers with an intermediate background, ensuring a blend of experience and innovation. Backed by Yield App, a notable digital wealth platform, the unit benefits from solid support in asset custody, partnerships, and identity verification solutions.
Conclusion
Haven1 stands out as a promising solution in the blockchain space, aiming to redefine secure on-chain finance by merging security, regulatory compliance, and user experience. Its strategic approach, robust technology, and strong backing position it as a potential game-changer in the DeFi ecosystem. While still in its early stages, the project shows promise in terms of innovation, architecture, and commitment to quality and user-centric design.
| Initial Screening | |||
| Keep researching | |||
| Does this project need to use blockchain technology? | Yes | ||
| Can this project be realized? | Yes | ||
| Is there a viable use case for this project? | Yes | ||
| Is the project protected from commonly known attacks? | Yes | ||
| Are there no careless errors in the whitepaper? | Yes | ||
| Project Technology Score | |||
| Description | Scorecard | ||
| Innovation (Out Of 11) | 7 | ||
| How have similar projects performed? | Good | 2 | |
| Are there too many innovations? | Regular | 2 | |
| Percentage of crypto users that will use the project? | Over 11% | 5 | |
| Is the project unique? | No | -2 | |
| Architecture (Out of 12) | 8 | ||
| Overall feeling after reading whitepaper? | Good | 2 | |
| Resistance to possible attacks? | Medium | 1 | |
| Complexity of the architecture? | Not too complex | 2 | |
| Time taken to understand the architecture? | 20 – 50 min | 1 | |
| Overall feeling about the architecture after deeper research? | Medium | 2 | |
| Has the project been hacked ? | No | 0 | |
| Code Quality (out of 15) | 15 | ||
| Is the project open source? | Yes | 2 | |
| Does the project use good code like C,C++, Rust, Erlang, Ruby, etc? | Yes | 2 | |
| Could the project use better programming languages? | No | 0 | |
| Github number of lines? | More than 10K | 1 | |
| Github commits per month? | More than 10 | 2 | |
| What is the quality of the code? | Good | 2 | |
| How well is the code commented? | Outstanding | 2 | |
| Overall quality of the test coverage? | Outstanding | 2 | |
| Overall quality of the maintainability index? | Outstanding | 2 | |
| When Mainnet (out of 5) | 5 | ||
| When does the mainnet come out? | Mainnet | 5 | |
| Usability for Infrastructure Projects (out of 5) | 5 | ||
| Is it easy to use for the end customer? | Yes | 5 | |
| Team (out of 7) | 5 | ||
| Number of active developers? | 5+ | 2 | |
| Developers average Git Background? | Intermediate | 1 | |
| Developers coding style? | Outstanding | 3 | |
| Total Score (out of 55) | 45 | ||
| Percentage Score | |||
| Innovation | 12.73% | ||
| Architecture | 14.55% | ||
| Code Quality | 27.27% | ||
| Mainnet | 9.09% | ||
| Usability | 9.09% | ||
| Team | 10.91% | ||
| Total | 83.64% |
