ChitFund
Chit Fund - a community approach to borrow and Lend Money.
Project Description
Chit Funds are saving cum loan investment, In these types of funds, a group of contributions pools in a fixed amount of money, and through comparative bidding, each contributor gets to win the pot once.
How it's Made
I used Solidity 0.6.8, and truffle to write my contracts, deployed it on Koven testnet. I tried using Truffles Drizzle react component, but it did not work for me.
There is also a factory contract, which helps a Contract owner to create child contracts.
Child contracts are an independent Chit Fund Contract.
Advancements: Below features can be added, and I will work on it next.
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A UI for the Smart Contract
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Once the manager of the chit fund receives the installment, bidding for the money will occur after a month, So we can lend the collected ETH to Aave Loan Contract or Compound Loan Contract.
