SAAVE

SAAVE

A Decentralized lending app made to Simplify DeFi and Empowering Financial Inclusion.

SAAVE

SAAVE

A Decentralized lending app made to Simplify DeFi and Empowering Financial Inclusion.

The problem SAAVE solves

Traditional lending systems often exclude a significant portion of the global population due to barriers like credit checks, high
interest rates, and centralized control. The challenge is to create a decentralized lending or borrowing platform that provides
financial services to individuals without a traditional credit history, promoting inclusivity and reducing reliance on traditional
banking.
Moreover, It is hard for beginners to understand how to use current DeFi protocols that are in the ecosystem. UX is complicated in other apps and requires a lot of knowledge about how these programs work.

SAAVE , fix this by providing an easy to understand UI that is not seen in other applications, and we have a one click solution to do multiple investment strategies that have stood the test of time. Our platform allows users to view their dollars gained in real time, a feature not included in any other application. We also try to educate our users about where their money is going by providing information on each protocol interacted with and rewarding an NFT for reading and watching our content. Overall SAAVE is an introductory platform designed for people who are not experienced in DeFi to quickly dive in and invest in some of the safest profits the ecosystem has to offer in just a few clicks unlike traditional Banking.

Challenges we ran into

Finding a way to fund auto-compounding which requires someone or a bot from Chainlink Keepers. It can be incentives funded by user profits. For now we have just opted to swap CRV profit for USDC when the user withdraws.
-Finding a way to have people pool stake CRV for additional profits

finding ways to do things better than competitors like Convex, StakeDAO and others.

Contemplating whether we should add CRV staking or not

Calling curve's exchange function to swap CRV for USDC

Finishing landing page and docs

Calculating data queried from the blockchain for frontend UI

Completion of app UI

Tracks Applied (1)

Ethereum + Polygon Track

SAAVE leverages Ethereum's robust smart contract capabilities to integrate with AAVE, a trusted lending protocol, allowi...Read More

Polygon

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