Blockchain-based Crypto Loan
Executive Summary
We developed a platform for cryptocurrency holders to facilitate a decentralized finance platform that works akin to crypto loan service. This system is based on the foundation of a digital money infrastructure. Blockchain is the technology driving it.
Very broadly speaking, cryptocurrency can serve as collateral for loans, very similar to assets like stocks and houses. And like any other secured loan, a crypto loan is repaid with interest over a fixed term. Typically, the loan amount is a percentage of the value of the cryptocurrency that is pledged as collateral.
The client for this project sought to build a decentralized finance solution that works innovatively with certain conditions and subtleties.
About our Client
Client : Confidential
Location: Canada
Industry: Finance
Technologies
Cryptocurrency : BTC, ETH, USDC, USDT
Backend: Node.js, Express.js, Typescript, MySQL, Redis
Frontend: React.js, Redux, Typescript
Web3 library: Web3.js
Other service & libraries : Sumsub, Alchemy, GetBlock, CoinGecko, CryptoCompare
Infrastructure & Other Tools: Terraform, AWS, Cloudflare
