Helsinki
An under-collateralized lending protocol.
About
The problem it solves This app helps people with limited assets access loans. It makes financial services more inclusive by changing how risks and rewards are handled. Instead of one central authority, the market shares the profits and losses. Borrowers get money based on decentralized measures. This way, more people can have financial independence. Currently, you have to submit collateral of either an equal or greater amount. This does not make sense for individuals/DAOs with limited resources. With this design, everyone can taste decentralisation.
How it's made
Challenges we ran into Challenges we ran into: 1. While using new tools, like the DApp Launchpad of Polygon, I faced the novel challenge of incompatibility. The team was super helpful and eager to receive feedback. 2. The bonding curve topic was a bit challenging. However, after dedicated research and several hours of consistent debugging, we successfully implemented the bonding curve. 3. Using Polygon Chain Indexer and building a credit score app also turned out to be a big challenge.