B

Blog Compounded

Paywalled blogging site where creaters earn from a passive income generating fund.

B

Blog Compounded

Paywalled blogging site where creaters earn from a passive income generating fund.

The problem Blog Compounded solves

These days most content creaters rely on brand deals and putting ads to make a sustainable living. This not only at times can pollute their content and creativity, but at times running excessive ads are a security concern for the user as well.

The solution uses blockchain technology, in particular decentralised finance (or DeFi) to solve said problem.
There is a minimal fee at the start for users and creaters alike which is staked at Compound Finance which is a decentralised lending and borrowing protocol. The interest generated can be used to completely make the site independent and pay content creaters proportionally each month.

How does it work?
Entry fee is 1 DAI to access the site. This is a one time payment.
Anyone can post articles and support creaters. To become a content creater, you have to be supported a certain number of times (currently 1 in proof of concept project) to withdraw funds.
The profit from Compound is proportionally divided among all concent creaters.

Challenges I ran into

Since this my first time working with compound, it was a little complicated to integrate it to my smart contract.

Discussion