Client Overview:
A fintech company exploring blockchain for P2P lending and borrowing.
Challenge:
- Lack of trust among users in traditional lending platforms.
- High intermediary fees and slow transaction times.
- Need for collateralized loans with minimal risk.
Solution:
We developed a DeFi lending platform using smart contracts to:
- Enable peer-to-peer lending with automated interest payouts.
- Use stablecoins like USDT for low volatility.
- Require ETH and other assets as collateral to reduce defaults.
Key Features:
- Smart Contracts: Automated loan processing and repayments.
- Collateral Management: Secure liquidation processes for non-repayment.
- Transparency: Real-time analytics of funds and loans.
Tech Stack:
- Solidity (smart contract development)
- Ethereum (blockchain platform)
- Web3.js (blockchain interaction)
- Vue.js (frontend framework)
Results:
- User Growth: Attracted 50,000 users within six months.
- Lending Volume: Facilitated $100 million in loans.
- Trust: Zero reported fraud cases due to smart contract automation.
Keywords: DeFi lending platform, blockchain finance, P2P lending.