Inspiration
As someone involved with blockchain in the past, I wanted to create a creative product that focused more on lending than anything else, while still being user-friendly and within the requirements of risks.
What it does
Droplet is an NFT liquidity protocol that aims to make it easier, more profitable, and incentive-aligned for users to provide NFT liquidity. By locking an NFT for one month, users earn both DRIP rewards and LP fees from a Sudoswap pool. In the event the pool sells out of NFTs at the end of one month, the bonder is rewarded with equivalent Ether for the value of their NFT. If it doesn't, they get back their original NFT, with fees earned from the liquidity they provided.
How we built it
We used Solidity to write smart contracts and React.js in order to host a frontend and make API calls to check risks.
Challenges we ran into
Having the proper test cases written for something that isn't functional leads to some issues.
Accomplishments that we're proud of
We're proud of being able to call the API through React directly rather than having to deal with the issues of Flask backends.
Built With
- cryptocompare
- javascript
- solidity
Log in or sign up for Devpost to join the conversation.