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SafeLoans: A P2P Lending Borrowing Platform

A decentralised & trustless P2P Lending Borrowing platform giving Fiat Currency loans with Crypto assets as Collateral.

SafeLoans: A P2P Lending Borrowing Platform

Created At

ETHIndia 2022

Project Description

  • A smart contracts enabled trustless lending borrowing platform enabling users to provide faster and trustless P2P lending borrowing services.

  • Due to slow economy and high inflation, a lot of users would want to mortgage their crypto assets and receive loans on it quickly and safely.

  • Lenders would happily provide loans if they get a better interest rate than banks and safety and transparency of their investment.

  • Both Borrowers and Lenders get quick access to liquidity as per their requirement without a lot of paperwork and delays.

  • Borrower gets an alternative to bank and multiple options to avail loan as per their needs without any hustle, and full control of their investment.

  • P2P lending connects borrowers directly to the lenders. The lenders set the interest rates and terms of lending.

  • The system is designed in a way that smart contract protects the interests of both the lenders and borrowers.

  • There are lot of lending borrowing platforms but most of them are either centralised or offer just borrowing services. This is one of its kind smart contract enabled platform where users can both lend and borrow. Moreover, users can borrow fiat against crypto as collateral.

How it's Made

  • We couldn't get time to implement PUSH notifications using PUSH Protocol.
  • We could not implement all the functionalities in UI.
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