aDebt

A marketplace for loans from aave credit delegation where aave holders can vote on lending proposals

aDebt

Created At

MarketMake

Project Description

This project is just a concept for now, so we DON'T expect to win any prizes and we are ok with that πŸ˜ƒ. We we were unable to finish the project because of last minute bugs which made the smart contract too messy and buggy to deploy. So for the submission i'll just demo the concept to get precious feedback from the judges and continue working on it even further in the future πŸ˜ƒ.

So in the long-run, this project will allow aave credit line holders to delegate their credit to a pool maintained by aDebt, in a non-custodial manner. Afterwards holders of aave will able to vote on borrow proposals setup by DeFi teams looking for funding for their projects.

This in turn will provide much needed capital to DeFi projects to enable them to bootstrap project ideas very quickly without the hassle of ICO's, IEO's e.t.c So in short we envision this project as the next phase in project funding and we hope to diligently work towards attaining this goal.

How it's Made

The project was made with a vue frontend and a matic/solidity backend to allow for fast settlement of transactions by the protocol users.

Again because of a messy implementation in the backend, we will have to overall everything from scratch in the near future so for now we have nothing to report on how the project is made πŸ˜ΆπŸ˜•

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