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Saving and lending is a category where people are doing this a lot. Using this application, people would be able to take loans on the blockchains. That means they can essentially lock up certain assets and borrow other cryptocurrencies and then pay back later after a certain amount of time.

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P2P Lending platform

Peer 2 peer lending platform on the Ethereum blockchain network.

About

We all know that in the Banking industry it is all about the constant search of bigger profits without caring about customers.

Credit borrowers are paying higher interest rates every day while people investing are having poor returns. There are also a few hidden fees that the customer doesn't know about.

So we said stop. We've built a p2p blockchain lending service, fair and transparent.

Features

  • Ask for funding (borrow)
  • Provide details of the requested funding.
  • Withdrawal of funding after successfully reached goal of full funding.
  • Repayment installments functionallity.
  • Invest in project/credit (lend)
  • Vote for revoke contract / refund investments.
  • Mark project as Fraud.

Chart flow

Chart flow

Further development

  • Improve external contract calls.
  • Minimize gas cost.
  • Create more investors protection.

Requirements

Installation

  1. Start Ganache on localhost:7545

  2. Build and migrate smart contracts

$ cd p2p-lending/smart-contracts
$ truffle compile
$ truffle migrate --reset --network development --verbose-rpc
  1. Set the PeerToPeerLending contract newly published address in the client-app/public/js/contract_interaction.js LINE:3

  2. Install the dependencies and devDependencies and start the server.

$ cd p2p-lending/client-app
$ npm install --save
$ npm start
  1. Your app is running on http://localhost:1337

Development

Want to contribute? Great!

Acknowledgments

SoftUni - https://softuni.bg/
ACADEMY: SCHOOL OF BLOCKCHAIN - http://www.kingsland.academy/

License

MIT

Free Software, Hell Yeah!

About

Saving and lending is a category where people are doing this a lot. Using this application, people would be able to take loans on the blockchains. That means they can essentially lock up certain assets and borrow other cryptocurrencies and then pay back later after a certain amount of time.

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