EtherFlow

EtherFlow

Unlock the power of Ethereum and Polygon

The problem EtherFlow solves

NFT owners face significant challenges in unlocking the liquidity of their non-fungible assets. "EtherFlow" seeks to simplify access to DeFi lending, provide a secure environment for NFT collateral, and address these pain points, ultimately democratizing DeFi lending for a wider audience of De-Fi enthusiasts.

Challenges we ran into

We faced many issues while creating this project. None of us were particularly skillful at blockchain and we wanted to have some experience in it by the end of the hackathon and we think we could tick that box. Specifically , learning solidity and writing a huge smart contract (which also happened to be our first ever smart contract) posed some challenges. Initially , we faced issues in deploying the contract on truffle and ganache. We also spent hours trying to figure out how to interact with our contract. Also , more specifically while trying to write the logic for collateral deposition into our contract , we had to make use of the ERC721 contract by open zeppelin. However, since their compiler was specifically using version more thann 8.2.0 and our compiler was 5.1 , we faced many issues. We tried bumping up our compiler but many things broke. So , today around 8AM we finally decided to scrap NFT from our project. Also , a good time was spent in trying to figure out the fundamentals of metamask and ethers js and how to make state changing transactions to my contract.

Discussion