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LendPact

LendPact is a community lending platform where web3 projects can raise money by debt.

LendPact

Created At

LFGHO

Project Description

Lendpact is a way by which crypto projects can raise money using debt. On the app, companies can register themselves and borrow GHO tokens on collateral. A user (lender) can lend tokens to the projects and the visions that they support. This way it enriches the entire ecosystem and helps web3 builders raise money.

How it's Made

Used react to create the frontend of the application. The user's wallet was connected using ConnectKit. The user can lend any tokens to the project that they like. Under the hood, these tokens are converted to GHO tokens using CCIP . The Borrower can then borrow GHO tokens for collateral.

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