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Park2Earn

We are building a park2earn protocol where users can park their money to fund public goods and earn Good deed POAP

Park2Earn

Created At

HackFS 2022

Winner of

πŸŠβ€β™‚οΈ POAP β€” Pool Prize

Project Description

Park2Earn is a yield sharing defi protocol where you can park your money to make social impact and earn Good Deed POAP. How does it work? Users deposit stable coins in the protocol which the protocol lends to Aave lending protocol and earns interest on. Periodically, the protocol takes the yield and distributes to 2 of the initiatives, that users create, randomly using chainlink VRF. While the users have the options to withdraw their initial amount anytime. To further incentivize the users, protocol airdrops Good Deed POAP to users who deposit the funds and create public goods initiatives. Protocol also use the graph for querying data for public goods. What problem is Park2 Earn solving? In traditional banks when you park your money, the bank gives out that money as loans to others and make 7-8% interest on it that they keep to themselves. Park2Earn is changing this by creating a defi protocol where you can park your money and make impact around the world by redirecting the yield to good causes.

How it's Made

It's made with solidity smart contracts using hardhat and deployed to polygon mumbai testnet. Contract is verified you can check here: https://mumbai.polygonscan.com/address/0xdf72239167c6ec499be1fe2780413e2ea22437fa. We use chainlink for getting random numbers and than with our algorithm pick winners. Aave protocol is used for lending and getting yield witch is then distributed to winners. Users that create public goods or stake get POAP for proof of using protocol. The graph is used for getting public goods. Frontend dapp is made with next.js, react + material UI.

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