CryptoBank

Inspiration

We are inspired by the current banking system and the problem with that is we don't know what exactly they do with our assets.So we try to create a full-fledged banking system on blockchain where the user has full transparency of his/her assets.

What it does

We have figured out a problem that if a user needs money he has to liquidate his funds. We have created an open market where the lender can lend the stablecoin and earn interest on it whereas the borrower can borrow that stablecoin directly from the lender and pay interest for it. We have kept the collateral of 80% (if he/she wants to borrow $80 so he/she will have to pay $100 as collateral) . As soon as he returns the amount with the interest the collateral will be sent back to the borrower. If he fails to pay the amount the collateral money will go to the lender.

How we built it

We have created a user-friendly front end using Vue. Js,HTML, and CSS. We have integrated the front end with smart contracts using Web3.Js. Smart Contracts are created using solidity and deployed on ethereum Blockchain.