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GhoPaySDK

Ghopay introduces a virtual on-chain credit card that transforms the way you interact with your assets on Aave. With a simple "Pay with GHO" button, experience the freedom of spending without selling and triggering taxable events.

GhoPaySDK

Created At

LFGHO

Winner of

Family - Pool Prize

Prize Pool

Project Description

Welcome to ghopay - Unleash the Power of Your Assets An AAVE backed On-Chain Credit Card for DeFi Enthusiasts

Ghopay introduces a virtual on-chain credit card that transforms the way you interact with your assets on Aave. With a simple "Pay with GHO" button, experience the freedom of spending without selling and triggering taxable events.

Seamless Asset Utilization No need to liquidate your assets to enjoy the value they hold. Ghopay automatically creates a collateralized loan, allowing you to pay for on-chain assets and experiences effortlessly.

Financial Efficiency Unleashed Experience a paradigm shift in financial efficiency with Ghopay. Save on taxes, gas fees for swaps, and slippage, with a fixed 4-6% interest rate for a 12-month loan term. Your credit limit is dynamically determined by the assets you lock in AAVE, increasing as your assets generate yield.

Redefining DeFi Usage Ghopay redefines how users engage with decentralized finance. Instead of constantly swapping assets and incurring gas fees, deposit your assets in AAVE to earn yield and utilize ghopay to make purchases with stablecoins backed by the value of your assets.

Auto-Repayment and Asset Utilization Loans can be effortlessly auto-repaid using the interest earned from the deposited assets. Harness the value of ALL your assets without the need to constantly swap between them. Ghopay allows you to make the most of your financial portfolio.

Simplified On-Chain NFT Sales For creators and sellers, ghopay provides a hassle-free way to drop a "Pay with GHO" button on your website. Sell on-chain NFTs or experiences with minimal overhead, expanding your reach and simplifying the purchasing process for your audience.

Reduced APY with AAVE Staking Optimize your credit experience by staking some AAVE. Enjoy reduced APY on your credit, providing added benefits to users who actively participate in the AAVE ecosystem.

Instant Access, No Onboarding Required Ghopay is designed for simplicity. No extensive onboarding needed - if you have assets on Aave, you're ready. Whether through our app, or on your favorite platform, access the power of your assets instantly.

Join Ghopay Today - Where Financial Freedom Meets Simplicity Ready to break free from traditional financial constraints? Join ghopay today and experience a financial ecosystem where your assets work for you. Unleash the power of ghopay - where financial freedom meets simplicity.

How it's Made

This project leverages the best of the community, combing ETHScaffold, AAVE Contracts and beautiful design

In the frontned we leveraged React / NEXT to lay down our UI components which then uses AAVE contracts to be able to communicate with the GHO pool in order to issue GHO tokens.

More specifically:

  • Created Repo and hosted on public domain
  • Implemented Family.co Wallet with Family.co Theme JSON
  • Implemented AAVE balances retrieval in frontend
  • Verified AAVE balance retrieval
  • Created “GhoPayContract”
  • Designed Mockups
    • Styles and Logo in Tailwind Theme
    • Hifi and prototype made in Figma
  • User Dashboard with card and credit limit * Full Balances * Recent tx table * Pay demo
  • Tested borrowing GHO tokens
  • Deployed GhoPayContract
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