| Name | Github | Discord |
|---|---|---|
| Kundan Kumar | @Kundan | codefunky |
| Harsh Shende | @harshshen | harsh shende |
Welcome SAAVE , designed to provide an easy and simple way for beginners to enter the world of decentralized finance. Our protocol offers a user-friendly interface that allows you to track your profits in real-time, making it easy to manage your investments.
We have combined the most battle-tested protocols to deliver a safe and profitable experience. Our protocol works by first depositing stablecoins into AAVE, one of the most trusted lending protocols in the DeFi space. AAVE allows you to earn interest on your stablecoins by lending them to borrowers.
Once you have deposited your stablecoins into AAVE, you will receive an AToken as a receipt for your loan. This AToken can then be deposited into Curve Finance, a decentralized exchange that specializes in stablecoins. Your AToken earns trading fees in Curve's liquidity pool, providing you with additional profits.
By combining these protocols, we offer a safe and profitable way for you to earn passive income on your stablecoins. Our protocol is designed to be user-friendly and easy to navigate, making it accessible to beginners who are just getting started with DeFi.
SAAVE is deployed on Polygon, a fast and low-cost side chain scaling solution for Ethereum. This allows for faster transaction times and lower fees, making it more accessible for everyone to use. With Polygon, you can enjoy the benefits of our DeFi protocol without having to worry about high gas fees or slow transaction times. Join us on Polygon today and start earning passive income on your stablecoins!
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. This is a project that is not just a hackathon project, but a project our team is passionate about and plans to build further after the hackathon.
SAAVE leverages Ethereum's robust smart contract capabilities to integrate with AAVE, a trusted lending protocol, allowing users to earn interest on stablecoins.
The project seamlessly integrates with Polygon, a side chain scaling solution for Ethereum, ensuring faster transaction times and lower fees, enhancing accessibility for users.
By deploying on Polygon, SAAVE mitigates the challenges of high gas fees, providing a user-friendly experience for beginners to easily navigate and earn passive income on stablecoins.
FITS INTO ETHEREUM + POLYGON TRACK TRACK
Here's how to setup and run the project locally :
Here are some pre-requisites that you may require to run the project on your system.
- Node (https://node.org/).
- ReactJs (https://reactjs.org/).
- NextJs (https://nextjs.org/) .
Done with the pre-requisites?
Here are the steps to be taken after that :
- Clone the repository:
git clone https://github.com/InfiniteCoder100/SAAVE.git- Change directory :
cd main-app- Install dependencies :
npm install
or
yarn install- Run
npm run dev
or
yarn devMIT