https://github.com/aalbacetef/solidity-collateralized-loan
https://github.com/aalbacetef/solidity-collateralized-loan
Last synced: 3 months ago
JSON representation
- Host: GitHub
- URL: https://github.com/aalbacetef/solidity-collateralized-loan
- Owner: aalbacetef
- License: bsd-3-clause
- Created: 2025-04-07T10:43:52.000Z (3 months ago)
- Default Branch: master
- Last Pushed: 2025-04-07T14:10:53.000Z (3 months ago)
- Last Synced: 2025-04-07T15:25:45.559Z (3 months ago)
- Language: Solidity
- Size: 93.8 KB
- Stars: 0
- Watchers: 1
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.asciidoc
- License: LICENSE
Awesome Lists containing this project
README
= Introduction
This project is inspired by Udacity's capstone project of the course Blockchain with Solidity: https://github.com/udacity/cd13282-blockchain-with-solidity-project
WIP: not yet finished / fully implemented.
== Collateralized Loan
The idea is quite simple:
* users make a loan request by depositing some collateral and specifying:
** amount requested
** duration
** interest rate
* users can browse open loan requests and decide to accept a loan request
** the money will be deposited in the requester's account
** a loan entry will be created
** the collateral will be held until the loan is repaid
Platform specific items:
* max LTV of 75%
* loan will be paid back if LTV exceeds 85%
* fees:
** loan request fee paid by borrower: 1% of loan amount
** settlement fee paid by borrower if a loan is accepted: 1% of loan amount
It's a proof of concept implementation so more advanced features like being able to use your collateral across multiple loans won't be implemented just yet.