Why are you participating for Based India?

Just wanna build this project which I had in mind for a long, wanna build for the fun of it and see if this is even useful

What challenges are you focusing on?

qQuest focuses on two critical challenges in the crypto community:

Liquidity without Sacrifice: We're solving the dilemma faced by long-term crypto holders who need short-term liquidity but are reluctant to sell their assets due to tax implications or anticipated value growth.
Trust in Decentralized Lending: We're addressing the lack of reputation-based systems in DeFi, which often leads to high interest rates and collateral requirements.

How does your submission address this challenge?

qQuest directly addresses the challenges of liquidity access and trust in decentralized lending through a novel peer-to-peer funding circle mechanism:

Zero-Interest Funding Circles: Users create or join circles with specific goals and timeframes, allowing access to liquidity without selling assets or incurring debt.
Reputation-Based System: We've developed a 'crypto-native credit score' that evolves based on user behavior, circle participation, and timely repayments. This system fosters trust and enables lower collateral requirements for high-reputation users.

Challenges I ran into

Had to give up on mobile app development, there was a blocker on building using swift.
so had to pivot to web app in the middle

Additional Features

user gating based on talent's passport builder score.
tier based soulbound NFTs, reputation system and reputation handling.
User incentives from platform fee revenue pool which is filled with platform fee a lender pays upon successful debt payment. this fee revenue pool's part is distributed among the top two tier's users each quarter
All of this is functional and can see the tests in teh contracts