https://github.com/djrosenbaum/aave-tuition
Spark Hackathon Concept - Contribute interest earned on tuition toward future semesters
https://github.com/djrosenbaum/aave-tuition
Last synced: 3 months ago
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Spark Hackathon Concept - Contribute interest earned on tuition toward future semesters
- Host: GitHub
- URL: https://github.com/djrosenbaum/aave-tuition
- Owner: djrosenbaum
- License: mit
- Created: 2020-06-22T11:34:55.000Z (about 5 years ago)
- Default Branch: master
- Last Pushed: 2020-07-20T02:28:50.000Z (almost 5 years ago)
- Last Synced: 2025-01-28T01:26:34.706Z (5 months ago)
- Size: 5.86 KB
- Stars: 0
- Watchers: 2
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
- License: LICENSE
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README
# aave-tuition
**Spark Hackathon Concept** - Earn interest on your tuition toward future University semesters
Project submission to [The Spark University Hackathon](https://medium.com/encode-club/announcing-the-spark-university-hackathon-df4a2dded845) hosted by [En[code] Club](https://www.encode.club/)
Another hackathon, another idea. Looking over the sponsors [Aave](https://app.aave.com/?referral=76) which I have been pronouncing *ahh vay* caught my attention. If you are not familiar yet, [Aave](https://app.aave.com/?referral=76) provides a money market protocol on ethereum's network for borrowers and lenders. At present, the smart contracts powering Aave's money market are managing over $100 million USD.
At the most basic level there are borrowers and lenders. Lenders deposit tokens such as [DAI](https://app.aave.com/reserve-overview/DAI?pool=Aave&referral=76) into a pool to earn interest.
Borrowers stake one token in order to borrow another token with interest that goes to the lenders.
For this hackathon the team imagined a University of the future. A University which transparently stakes student tuition into a money market using Aave's protocol. All interest earned from a student's tuition can be collected by the student upon receiving their graduation diploma.
[Click here to try out a concept for an Aave compound interest calculator](https://djrosenbaum.github.io/aave-tuition/)