Mizan

Mizan is a crypto-powered credit platform that makes it possible to offer zero-interest and uncollateralised credit without banks, overcollateralisation, or reliance on speculative crypto lending.

We started with MizanPay, our first product: a Buy Now, Pay Later (BNPL) system that lets people pay over time using stablecoins while merchants receive instant payouts. Unlike traditional BNPLs that charge high fees or DeFi loans that require excess collateral and carry liquidation risk, MizanPay uses a flexible credit scoring engine that combines onchain wallet activity with optional KYC data.

But Mizan isn’t just BNPL. It’s a credit infrastructure protocol that turns idle DeFi capital into real-world liquidity by allocating it toward purchases, not speculation. Our long-term goal is to offer credit rails for any kind of transaction—BNPL, recurring subscriptions, tokenized invoices, and more—while giving liquidity providers a sustainable way to earn yield backed by real-world spending.

Our alpha build includes:

• A working BNPL checkout flow using stablecoins
• Credit decision engine that integrates onchain wallet scoring
• LP simulation dashboard showing revenue and credit allocation
• A “Pay via Link” feature that enables merchants or sellers to request payments with built-in credit
• SDK prototype for merchants to easily integrate MizanPay into any online store or platform

Mizan brings credit access to underserved crypto users, opens new revenue streams for DeFi LPs, and empowers merchants to increase sales without risk.

Frontend Stack:

• React 19 with TypeScript for type-safe component development
• Vite as the build tool for fast development and optimized production builds
• TailwindCSS)
• React Router v7 for client-side routing with nested layouts

Smart Contracts:

• Solidity for stablecoin-based credit disbursement and repayment
• PYUSD as the main token for liquidity and loan disbursement
• Built with Hardhat and deployed to Base testnet

Scoring & Risk Layer:

• Uses a custom scoring algorithm to evaluate creditworthiness without relying solely on KYC
• Wallet profiling includes age, transfer history, DeFi/NFT interactions, and token balances
• We assign risk tiers that determine spending limits and repayment windows

Hacky Highlights

• We built a minimal “BNPL as a service” SDK to let any merchant add MizanPay to their store with a few lines of code.
• Designed a “Pay via Link” feature where sellers can generate a payment link and Mizan automatically determines if the buyer is eligible for credit.
• Simulated LP capital allocation and APY from real-world spending using dummy data and projected fees, building a bridge between idle DeFi capital and productive real-world use.

Partner Tech

• Hardhat: For smart contract development
• PYUSD: Stablecoin of choice for merchant payouts and user repayments.