Stormbit - Lenders to Lenders, Lenders to Borrower
StormBit is a pioneering project developed during ETHDENVER, designed to revolutionize consumer lending on XDC blockchain. It introduces a unique lending marketplace targeting the micro-lending sector
The problem Stormbit - Lenders to Lenders, Lenders to Borrower solves
Decentralized Governance for Loans: StormBit's unique voting mechanism allows lenders to approve or reject loans based on borrower reputation, introducing a community-driven approach to lending that's both innovative and impactful.
Seamless Web2 to Web3 Transition: By integrating Particle Auth, StormBit lowers the barrier to entry for Web2 users, offering a familiar login experience while ensuring the security of Web3, a pioneering step towards mass adoption.
Flexible Loan Agreements: Offering various types of loan agreements, including undercollateralized options, StormBit addresses a wider range of financial needs and scenarios, significantly impacting the target market.
Inclusive Financial Platform: Through KYC verification and a model that supports both collateralized and non-collateralized loans, StormBit democratizes access to financial resources, making it a game-changer in decentralized finance.
Challenges we ran into
We use OZ standards for governance and that caused a huge contract size, a TODO is to create our own governance module.
Tracks Applied (3)
Impact & Public Goods
We are trying to bring lending to small players from third world countries, some countries do lending in a dangerous way...Read MoreZBU Governance Innovation Hackathon
we use ZBU as the main token in our governance based lending protocol , it plays a crucial role in our lending pools and...Read MoreZeebu
Open: Most creative BUIDL using the XDC Network
we use XDC financial-focused for this protocol. Its low cost gas and blazing fast transaction speed makes the difference...Read MoreXDC Network
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