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LimpehFI

LimpehFi offers uncollateralized, on-chain loans for KYC-verified users, allowing credit for meme coin swaps, investments, or converting a crypto debit card to credit. Loans must be repaid within 30 days, with no fees for early repayment, promoting financial flexibility

LimpehFI

Created At

ETHGlobal Bangkok

Project Description

Anyone whom used crypto knows about the Crypto Debit Card, where you have to top up the wallet address before spending the balance, Our product allows you to spend up to your credit limit before paying it back by the due date or payment beforehand which incurs no fees.

This can be further integrated into dapps by pre-authorizing dapps, you could trade seamlessly even without usdc, like making a uniswap trade, purchasing meme's on prediction markets.

All you have to do is pay it back at the end of month like a Credit Card.

How it's Made

The core frontend is built using Next.js, chosen for its server-side rendering capabilities, ease of dynamic routing, and compatibility with modern web3 libraries. The backend seamlessly integrates with Scroll, Zircuit Layer 2, and Fhenix.

Notable hacks: Preauthorized Credit Limits: A unique implementation allows users to benefit from preapproved credit directly on the blockchain. This is achieved by smart contracts that interact with dApps to grant authorizations, any approved smart contract e.g. Uniswap could call borrow and allow the user to trade usdc > any token output even if the user does not have usdc in the wallet beforehand, just have to be preauthorized.

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