Inspiration
Nowadays there is emerging many new assets in Defi, Gamefi, and NFT markets, and these new assets (such as NFTs, LP, interest-bearing tokens) are adopted by more and more users. However, there are still not enough usage scenarios for them, we need a protocol to improve their capital efficiency.
What it does
Palm Finance is a cross-chain deployed cross-margin lending protocol that allows users to borrow up to 22x against their portfolio of NFTs, LP tokens, interest-bearing tokens, and base assets in a single debt position for 0% interest.
How we built it
We already built the product in a Dapp and now has been in testing
Challenges we ran into
We met challenges on some technical points but we keep studying and resolving it. We met challenges in funds and marketing issues and hope to get help.
Accomplishments that we're proud of
Palm protoclo completed 80% after months of developing Palm has some brand-new features that will make it interesting and competitive.
What we learned
We made many pratice on blockchain and we learned how to find a market need and give some creative solution to it and grow with the WEB3
What's next for Palm Finance
Next we will complete it 100% and to get ready to launch
Useful links:
Deck: https://drive.google.com/file/d/1QfsjMo2dd3yOY015EwJJUTZkEVgHzYPT/view
Github: https://github.com/Palm-Finance/palm
Docs: https://palm-finance.gitbook.io/homepage/
Demo Video: https://youtu.be/eZkvcvJyLkY
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