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DegenSplit

DegenSplit

Degensplit is a platform where you can split transaction with your friends, request money from friends and co own nfts with your friends.

Created on 26th April 2023

DegenSplit

DegenSplit

Degensplit is a platform where you can split transaction with your friends, request money from friends and co own nfts with your friends.

The problem DegenSplit solves

Degensplit is a platform where you can split transaction with your friends, request nmoney from friends and co own nfts with your friends. You can do all this with just the usernames of your friends and you can do transactions in any token and on any chain thanks to router protocol making token swaps and cross chain transactions seamless removing all the hassle of swapping tokens, switching chains while making transactions.
This project has 3 features as of now:

  1. It is a platform where you can split a transaction between your friends which is done with the help of a smart contract which receives money from all your friends and on receiving from everyone, transfers the final amount to the recipent. You can put usernames of your friends so you dont have to keep track of their wallet ids, making the process simpler. And also because of router protocol's ability to do cross chain and cross asset transactions, everyone can pay in any token with any chain, while the receiver gets the desired amount.
  2. Request money from friends just by using their username, your friends can also send you money on your chaain in your required token by using any token on any chain.
  3. Now you can nfts with your friends by fractionalising them, I am using a smart contract to fractionalize nfts into erc 20 tokens and this way with this platform you can co own a nft with friends.

Challenges I ran into

Major problem was to make the transactions seamless, because everyone uses different wallets, chains and tokens and transferring is very difficult so a platform like this was very hard to make which automatically swaps tokens and chains, this was made very easy by the use of router protocol with me having to do nothing.
Second was to deploy and interact with the smart contracts on the testchain
Another major problem was caused by unavailability of opensea/crypto.com API, so I could not integrate nft marketplace in my app, and I had to mmint my own nfts on the testchain.

Tracks Applied (3)

Ethereum Track

Uses ethereum chain for transactions and smart contracts
Polygon

Polygon

Ethereum + Polygon Track

Uses polygon for transactions and smart contracts
Polygon

Polygon

Sponsor's Tracks

Used router protocol as a core functionality and hosted on spheron

Discussion

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