Challenges
#BUIDLathon 2023 DeFi Track
The project is a lending protocol.
Threadoooooor for mantle
I wrote a great thread on Mantle
Best Defi/NFT Project on Mantle
It's a lending protocol launched on Mantle
Best use of Sign-In with Ethereum using SSX and ENS
We use SSX to enhance our main offering
Best Use of Polygon
The contracts are deployed to Polygon, and we believe this is a compelling use case
Open Aurora Bounty
We deployed our contracts on Aurora
Build your ETH Denver project using the Liquality SDK
We use Liquality to offer swap functionality
Project details
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Demeter is a DeFi protocol that enables self-paying loans, or, viewed in another lens, advances on yields. Demeter is a unique product offering that solves three problems:
1. Many real world businesses still lack access to institutional capital
2. Long term crypto holders cannot access liquidity without incurring costs and losing exposure to their investment upside.
3. Crypto yields have become less appealing than private credit & other off-chain returns
Our protocol allows crypto investors to open a collateralized debt position that maintains a 200% collateralization ratio (i.e., 50% LTV ratio). The collateral will be deposited into one of several vaults, each investing the funds into a Real World Asset protocol. The yield generated from each strategy will decrease users’ debt obligations.
Demeter provides several intriguing properties:
Debt pays itself
No liquidations or interest payments
No need to swap crypto and lose upside for RWA lending
Yield uncorrelated to crypto ecosystem
Connect to real-world borrowers
Once borrowers borrow against their collateral, they are issued a synthetic token pegged to the underlying collateral. These synths can be swapped for the underlying asset in a liquidity pool, and the peg is maintained through the arbitrage opportunity between pool mispricing and debt repayment (as Demeter treats synths as 1:1 with the underlying in repayments).