RMLoans

Using Morpho vaults and markets this project aims to provide loans in local currencies to users in the Global South, starting with Latin America, at 0% or very low APRs. The loans are permission-less and trust-less as any good DeFi loan by using USDC as the collateral. Investing in digital dollars has been a feature widely spread in Latin America but those investments remain mostly iliquid, until now by enabling loans collateralized with USDC. The repayments are done in local currencies isolating the users from FX risks.

The Proof Of Concept was built using plan HTML and Javascript using ethers.js for blockchain interactions, while the smart contracts were built using Solidity. The DeFi lending protocol used is Morpho for local stablecoins vaults and for getting USDC yield. The PoC smart contracts were deployed in Base Sepolia for testing purposes.