The problem Rupya solves

In the traditional markets, unsecured/semi-secured lending is the biggest part of our economy. But the current DeFi infrastructure has been built on overcollateralized lending. Hence, Uncollateralized lending scoring is the need of the hour.

In India, where the agriculture industry employs 41.49% of the working population, a seamless way to lend and borrow for trade financing is essential.

Rupya is an Unsecured/Zero collateral lending platform, which is tapping into both these markets to revolutionise DeFi financing. There is a focus on incentivising agriculture loans while borrowing

##How it works
Lenders lend assets into a particular currency pool which is used for loans, for which they earn interest. Liquid funds is planned to be deposited in aave/curve.
Borrowers, once approved, submit a loan request, their request is verified by the stakers, and stakers have the final verdict on the approval.
Stakers stake RUP and are key to approving loans, their staked RUP will be liquidated in case of a verified borrower defaults to pay.

Challenges I ran into

Metamask interaction with contracts, the difference between call(), and send(), these took some time to understand. All these days I was experienced with signing my own transaction with private keys in code.
This was my first DeFi project, understanding all the token mechanics, and everything around this was quite hard compared to normal web3 projects.
Superfluid integration in smart contracts, the docs are not very approachable for a beginner. Watched a ton of tutorials.
Covalent did take some time to get used to, I didn't realise I had to decode the output, digging up google to find that was fun.

Tracks
💸 DeFi Track - Zero collateral lending DeFi platform.

🌍 Web3 integration with Web2 - Could be compared to the likes of kiva.co, and trying to capitalise on the traditional unsecured lending market with wider accessibility.

📲 Mobile-based Dapp - Sequoia - Using Ionic on top of Angular, built apps that support natively for Android, iOS, and the web. (
git switch ionic
)
Technologies
💨 Polygon Network - Superfast blockchain transactions.

💾 IPFS - Distributed Storage of encrypted user profiles, loan details, and all other important info.

⌛️ Covalent - Real-time on-chain data via API, for faucet, borrow, and all information across dashboards.

📚 StackOS - Decentralized docker deployment of all 3 frontend apps. (Faucet, Main App, Landing Page) (
docker run -d -p 8080:80 naikaayush/web-app

)

⛓ Chainlink - Price feeds for calculating interest earned in staking RUP (tied to USDC on test net).

🌊 Superfluid - To stream interest earned by lenders and to regularly pay back loans by borrowers.