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LeP2P

Sybil-resistant decentralized fiat on/off-ramp for crypto that allows users to trade through a smart-contract escrow.

LeP2P

Created At

ETHGlobal Paris

Winner of

🏊 Worldcoin — Pool Prize

🆔 Polygon — 🥇 Best use of Polygon ID

🏊 The Graph — Pool Prize

🏊 Push Protocol — Pool Prize

5️⃣ QuickNode — Top 5

Project Description

Introducing LeP2P: A Peer-to-Peer Sybil-Resistant Decentralized Fiat On/Off-Ramp for Crypto application that offers a secure and user-friendly platform for trading fiat for cryptocurrencies.

It employs Worldcoin for Sybil-resistance: enhancing security and trustworthiness.

The platform utilizes smart-contract escrows for seamless, intermediary-free transactions.

LeP2P sets initial transaction limits for Worldcoin ID holders at 1,000 euros and requires KYC verification for higher amounts.

The interface is designed to be user-centric and accessible to users of all levels of expertise.

We also store the payment through Web3 Storage, tapping Filecoin and IPFS

How it's Made

Technologies used:

  • WorldCoin for the user authentication so that we can ensure that the app can only be used by real humans.
  • Web3Modal for Wallet Connections
  • Quicknode as our Node RPC Provider
  • Polygon ID for leveraging verifiable credentials, which for our use case, is a KYC that unlocks for bigger volume in our protocol
  • AirStack for querying XMTP enabled wallets
  • Push Protocol for Push Notifications in the app for offer creation, completion, cancellation
  • Web3Storage: IPFS + Filecoin for decentralized hosting of payment proofs
  • The Graph: Indexer for our contract events that serve the protocol current orders and updates them accordingly
  • Polygon Mumbai for our contract deployments
  • Foundry for smart contract development + deployments + testing
  • Next.js with Wagmi + viem for contract interactions in the front-end (shadcn + tailwind <3)
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