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DCA.LAND is a platform for automating the purchase of ETH using the DAI stored in your Metamask wallet.
DCA.LAND allows you to buy a fixed amount of ETH for a specific amount of time. Suppose you decide to buy ETH for 500 DAI every week. DCA.LAND will send 500 DAI from your wallet to Uniswap (where your DAI tokens will be exchanged for ETH at the current rate) and the ETH will come back to your wallet. The platform will perform this action every week until you change the settings or your wallet runs out of DAI tokens.
The workings of the platform is provided by two components:
- a smart contract that aggregates your settings (purchase amount and ETH purchase interval)
- a network of real repeaters (nodes) that are interested in executing smart contracts in exchange for compensation for their gas costs plus a 0.2% reward.
Also, in the future, it is planned to make sure that anyone can independently provide the services of a repeater. . So far, the system has proven its reliability, however, consider this the beta version, since the smart contract has not yet been audited.
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