Climate Finance
NFT Credit Marketplace revolutionizes DeFi lending by tokenizing credit scores as NFTs. Users can build credit history on-chain, secure better loan terms, and trade their credit reputation - bridging traditional finance with Web3 innovation.
Project Description
Our NFT Credit Marketplace is a groundbreaking DeFi platform that transforms how credit scoring works in the blockchain space. Here's what makes it unique:
Credit Score NFTs
Users' creditworthiness is represented as dynamic NFTs Credit scores evolve based on on-chain activities and loan repayment history Each NFT contains verifiable credit data and reputation metrics
Lending Features
Peer-to-peer lending with credit score-based interest rates Smart contracts automatically adjust loan terms based on credit NFT data Collateralized and under-collateralized loan options
Credit Building Mechanisms
Users earn credit score points through consistent loan repayments Integration with real-world financial data (optional) Gamified credit-building challenges and rewards
Marketplace Functionality
Trade credit score NFTs Secondary market for loan positions Credit score staking and yield farming opportunities
Risk Management
Multi-layered security protocols Insurance pools for lender protection Automated risk assessment algorithms
How it's Made
Technical Stack:
Smart Contracts:
Solidity for core contract development OpenZeppelin for NFT (ERC-721) implementation Chainlink oracles for external data feeds Hardhat for development and testing
Frontend:
React.js with TypeScript Web3.js for blockchain interactions TailwindCSS for styling Ethers.js for wallet integration
Backend:
Node.js Express server MongoDB for off-chain data storage AWS for cloud hosting IPFS for decentralized storage
Key Technical Features:
Dynamic NFT Implementation
