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FreedFi

Empowering Freelancers through Talent-backed Loans

FreedFi

Created At

ETHIndia 2023

Winner of

Scroll - Deploy on Scroll

Prize Pool

XDC Network - Best Use or Extension of Fathom Protocol 3rd place

Project Description

Empowering freelancers through talent-backed loans with FreedFi.

FreedFi is changing the lending landscape by bringing access to capital with Skill Capital. Our lending infrastructure offers Talent-backed loans to skilled contractors. Leveraging decentralized finance strategies and Trust Credentials, we bring transparency, accountability, and real-time credit score reputation (Erc1155 + Analytics) to the lending cycle.

Join us as we shape the future of lending with a trustless, on-chain solution for DAOs, communities, member organizations and more!

Unique Value Proposition: Loans for skilled freelancers backed by talent alone. Zero Interest Loans No Collateral Needed

Problems We're Solving: Freelancers face overwhelming difficulties in obtaining loans due to the absence of a steady work history, which hinders their access to traditional lending options. This hinders dreams of sustainable living, home ownership, car leasing and more.

Smart Contracts: GetaLoan.sol https://github.com/captainahab0x/freedfi/blob/main/contracts/src/GetALoan.sol

  • Borrowers request, are approved, and payback loans
  • Investors approve loans and receive payback
  • FreedFi Pool funds the loan and issues Trust Credentials(ERC1155+Analytics)

PoolControler.sol https://github.com/captainahab0x/freedfi/blob/main/contracts/src/PoolController.sol

  • Allows FreedFi DeFi Pool to manage investor funds trasparently
  • Rewards Investors for reviewing & approving freelancer loan requestws

TrustCredential.sol https://github.com/captainahab0x/freedfi/tree/main/contracts/src/trustcredentials

  • TrustCredentials are issued after a loan is repaid
  • Mathematical equation determins the reliability score by calculating date of return compared to date due.
  • Investors get TrustCredential to redeem their reward for choosing which loans to fund
  • Borrowers get TrustCredentals that attest to their reliability and credit score

Review Goldfinch.Finance whitepaper for one of our inspirations.

Links

How it's Made

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