Divo
Share expenses and settle with crypto.
About
The problem it solves With the growing adoption of crypto wallets, there's a need for better management of group expenses among families, friends, and peers. Divo, our on-chain solution, offers a seamless and transparent platform to track and settle these expenses using Coinbase Wallet quickly. Key Features and Benefits 1. Easy Group Creation and Management Create Groups: Easily create groups for different events or activities like trips, dinners, or shared household expenses. Add Members: Invite members to join your group using their Coinbase IDs, making it simple and secure to add participants. 2. Transparent Expense Tracking Add Expenses: Effortlessly log expenses in the app. Each member can add their contributions, and Divo will automatically calculate how much each person owes. View Balances: Check individual and group balances at a glance, providing clarity on who owes whom and how much. 3. Seamless Settlement with Crypto Settle Balances: Settle outstanding balances using USDC directly through the app. This eliminates the need for traditional banking transactions and leverages the speed and security of blockchain technology. Track Payments: Every transaction is recorded on-chain, providing a transparent and immutable record of payments. Users can view transaction details on Etherscan, ensuring full transparency. 4. Enhanced Security and Privacy Secure Wallet Integration: By using Coinbase Wallet SDK, Divo ensures that all transactions are secure and that users' private keys remain safe. Privacy Protection: Only group members can view expenses and balances, ensuring that your financial information remains confidential. Divo Use Cases Group Vacations: Split costs for lodging, transport, and activities. Roommates: Manage shared expenses for rent and utilities. Events: Share expenses for crypto events, parties, gatherings and others. Collaborative Projects: Track and split costs for team projects.
How it's made
Challenges we ran into While building the project, one of the significant challenges was getting familiar with the Coinbase Wallet SDK and the ethers.js library. Both tools are essential for connecting the wallet and sending transactions, but the learning curve was steep due to their extensive documentation and the intricacies involved in integrating them seamlessly.