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Borrow DAPP

A decentralized application that allows borrowing of stable tokens by adding collateral to a smart contract.

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The problem Borrow DAPP solves

Traditional banking has a lot of gatekeeping when it comes to borrowing any kind of credit or loan. This DAPP allows users to deposit ether in exchange for FelixGooberStable token. It is not exactly a proper stable coin but for now it has a fixed price in comparison to ether. This DAPP helps me understand certain aspects of DeFi and also gives me the experience of building a DeFI application.

Challenges I ran into

There are couple of challenges I ran into,

  1. It was really difficult to create a basic frontend to interact with the smart contract
  2. There is a good amount of learning curve when it comes to understanding how to manage collateral
  3. I learnt more about ERC20 contracts

Discussion