SpendNest

This project is a decentralized banking system, whose idea was coined from the local banking and savings method with the addition of features to make banking and saving funds more efficient than before.

Users of this decentralized banking app can deposit and withdraw money, as well as move money between their own accounts. The ability to spend money from a shared account can also be granted to other users. The project allows transparency, enabling everyone to see what is actually happening without withholding any information from the users.

We will examine the smart contract that introduces the savings club and discuss potential future features. Users of Savings Clubs, an official savings and lending platform, can create private groups with friends or save money publicly for designated purposes. And users who have funds in their Savings Club account can be eligible for an overdraft in case of emergencies.

The project was designed in a way that it is intuitive and has aesthetically pleasing user interface while also giving the user a seamless experience.

》The Features and Navigation --Connect Wallet: Users launch App from the Landing page and connect wallet to get into the banking dashboard --Funding and Withdrawing: Users can funds directly from their external wallet to their SpendNest basic account using their SpendNest ID They also can Withdraw from their basic account to their external wallet --Transfer Funds: Users can transfer funds between own accounts(from basic account to Saving or Shared account). They also can transfer funds to other SpendNest account --Savings account: Users can save under the personal savings for flexibility. While also having the opportunity to save strictly using the savings club to avoid temptation with a private group or public where others can join. --Overdraft: Users actively using the savings club can be eligible for an overdraft --Shared account: Users can grant access to loved one to spend from their account, beneficiaries can only spend from the Shared account while access is not granted to the user basic account.

》Technologies Integration •Our Smart Contract is been deployed on Polygon Mumbai. •We integrated with the Withdraw and Supply function of Compound. •Cometh is the wallet used for account abstraction and gasless transaction is been made use of. •We integrated Graph to query event in which for the banking transaction history. •High-fidelity UI designs and architecture in Figma, Landing Page design hosted on Framer.