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NFT Collateralized Loan Protocol

Project Description

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NFTLoan is an NFT based collateralized loan protocol that is wrapped in ETH for effective pricing thereby increasing their ability to be used as collateral. This protocol is mainly to achieve:

  • Better pricing for NFT assets
  • Fixed interest for lenders.
  • Short dated price on these assets with premium paid to lender.

The functionalities of this project are as follows:

  • Applying for a loan.
  • Loan repayment with interests.
  • Cancellation of loan by borrower.
  • Collateral seizure when loan is defaulted.
  • Withdrawing money as a lender.

Tools

Getting Started

To run this code locally:

Clone This Repo

git clone https://github.com/Nwosu-Ihueze/NFTLoan
cd NFTLoan

Install Dependencies

Using the pnpm package manager. How to install pnpm?

pnpm install

Compile The Contract

pnpm build:loan

Frontend Instructions

# start dev server, default on localhost:3000
$ pnpm dev:frontend

# build production
$ pnpm build:frontend

# run production server
$ pnpm start:frontend

Collaborators

TianenPang

License

GPL-3.0-or-later

Contact

Rosemary - @twitter/adaihueze

TianenPang - TianenPang

Credits

Guide implementation of this project is from Anish-Agnihotri except the bidding and capital implementations.