BeatInflation
A blockchain-based platform that safeguards tenant security deposits in stablecoins, ensuring value retention in high-inflation economies. Tenants benefit from investment options, turning deposits int
Created on 7th December 2024
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BeatInflation
A blockchain-based platform that safeguards tenant security deposits in stablecoins, ensuring value retention in high-inflation economies. Tenants benefit from investment options, turning deposits int
The problem BeatInflation solves
The Problem it Solves:
In high-inflation environments, traditional security deposits lose value over time, leaving tenants at a disadvantage. Our solution preserves the deposit's value by converting it into stablecoins stored in a secure smart contract.
How It Helps:
- Protects Against Inflation: Tenants’ deposits retain value regardless of local currency fluctuations.
- Offers Growth Potential: Tenants can opt to invest deposits in lending protocols or other financial instruments, turning a stagnant sum into a growth opportunity.
- Streamlined Process: The platform automates deposit management and refunds, ensuring transparency, safety, and ease of use.
Challenges we ran into
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Customizing The Graph Subgraph: Designing a subgraph to track specific data (e.g., deposit amounts, tenure duration, transactions) and ensuring efficient query optimization to reduce data retrieval time.
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Smart Contract Security and Logic: Developing secure contract logic for managing deposits, handling tenure completion, and ensuring reliable, automated refunds while preventing vulnerabilities like reentrancy attacks.
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Frontend and Blockchain Integration: Balancing a smooth, real-time user experience with React, while integrating smart contract interactions and efficiently displaying blockchain data from the customized subgraph.
Additional Features
Investment Options for Tenants
Multi-Currency Support
Automated Notifications
Tracks Applied (3)
Best New Subgraph(s)
The Graph
Build Innovative Consumer Apps on Base
Base
Prize Pool
The Graph