Lenders.Finance

Inspiration and What it does

For really impressive defi yields, a huge amount of money is required to try out different yield farming strategies. The protocol provides a means, for people with limited funds to come, and take out huge chunks of money compared to their investment in the protocol. For eg., you can take around 1000 Dai for 20$ fees and do DeFi for a given amount of time.

How we built it

• We used polygon as the blockchain layer to deploy Solidity Smart Contracts.
• Chainlink for price feeds.
• Other protocols like Aave for interest earnings.

Challenges we ran into

• Truffle version was buggy resulting in a bad-performing deployed contract with solc 0.8.2 Designing the architecture, separating the protocol into data provider, interest calculator, wrapper token etc.

Accomplishments that we're proud of

• Getting a working set of contracts ready.
• Getting to study how crypto businesses work.
• Working on representing the idea in the given time frame using animation.

What we learned

• Proxy eip 1967
• Code designing ( inspired by aave )

What's next for Lenders.Finance

• SDK for developers to use
• Using the price feed from chainlink, scale down the interest amount for erc20 tokens other than the wrapped native token of the blockchain ( in our submission WMATIC).

Built With

• chainlink
• javascript
• polygon
• react
• solidity
• truffle
• typescript