Crypto Borrowing & Lending Platform
Business Overview
- The business idea of the project was to create a platform for all users.
- A platform so that they can borrow, lend, swap, deposit, withdraw, and transfer crypto assets.
- They can also invite other users to the platform and earn from it.
The Challenge
- The challenge in the project was to create a platform that results in executing borrowing and lending with the sync and at a low cost to the user.
- As well as to provide daily interest to users without incurring any charges.
Our Solution
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Third Party Integration
We have used a third-party integration to manage all the transactions (BitGo)and to have transferred the daily amount to users.
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Approval Process
For users to withdraw any balance then, they can ask an admin for permission to withdraw.
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Borrow and Land
a crypto lending and borrowing platform which allows users to borrow and lend from the platform.
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Provide Interest
Gave the users interest on their savings balance and lending.
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Security
Users deposit the collateral at the time of taking the loan as a security to the platform. Once the loan is paid, collateral is automatically refunded to the user’s account.
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Currency Swap
Users can swap one currency for another.
Technology Stack
Project Outcome
- SoluLab ensured security and considerably lesser time, resources and effort invested in the process by allowing users to withdraw any balance. Then, they would have to ask an admin for permission to withdraw. Setting up a smooth process in which the admin can approve the translation in one go saves time and capital invested in commute.
Client Testimonial
“SoluLab developed an intuitive and feature-rich platform that brought our vision to life. Their technical knowledge and industry expertise are excellent. ”
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