Citadel.Onchain

Citadel Onchain is a bankless bank that provides unsecured loans through credit score review by providing credit score through 3rd party transaction history data for authentication. and especially identification through worldID makes lending on the Defi system avoid risks from fake accounts. Criteria for considering credit scores : Monthly Netflix payments. Check past fraud history. Check monthly income such as salary … Third parties will provide NFTs for accounts. which is identified with World.ID . Users will use NFTs to collateralize credit scores. and receive loans based on pool distribution divided equally by credit score. and the user must repay the loan to be able to withdraw the NFT credit score. If the overdue loan is not paid, the NFT credit will be locked and it will be considered a fraud and will not be used for future loans. And if users have an extra income, they can participate in staking on the chain to provide liquidity for users who need loans. The user receives a reward token. And then the longer the user stakes, the higher the credit certificate will be

In this project, we use World.ID onchain on the sepolina testnet chain for authentication, Backend uses smartcontract for Credit NFT and Lending. As for the frontend, we use nextjs combined with wagmi and worldcoin/idkit to connect and authenticate web3.We use the deploy environment for the frontend which is vercel and for the backend we deploy on sepolia testnet