[R8] - trident 🏅

Exploring applications of on-chain credit scores

Challenges

Deploy a Dapp on an L2 using Infura and Truffle

Pool 1,000 USDC

Use fRPC to connect your dApp to Blockchain

Pool 5,000 ETH

implemented fRPC into our repo

Use the Truffle React Box to deploy a dapp on Infura

Pool 1,000 USDC

Best Social Integration with Tally API Data

Ranked 2,000 USDC

Integrate Lens

Pool 10,000 USDC

created a graph visualization of lens connections

Most creative overall use of Tally API Data

Ranked 3,000 USDC

used tally data to aggregate dao credit scores

Launch Cross-chain apps & features with Swing’s API, SDK

Pool 10,000 USDC

used Swings API

#BUIDLathon 2023 DeFi Track

Pool 15,000 MATIC

Spectral.finance's Bounty

Ranked 15,000 USDC

used Spectral finances api to calculate credit scores

Project details

This project explores different applications of on-chain credit scores. This is enabled by Spectral Finance's API that can compute a credit score for a given wallet based on it's on-chain data. We've built out a DAO credit dashboard, Lens follower graph, and undercollateralized lending protocol for DAO's.

The undercollateralized lending protocol allows users to deposit funds into a pool which DAO's can borrow from at an interest rate based on the DAO's credit score. It only supports native ETH deposits and withdrawals at the moment, but we allow users to bridge and swap into ETH using the Swing SDK.

The DAO dashboard shows a list of DAO's and the aggregate credit scores of the DAO's delegates. This provides us quantifiable metric for the trustworthiness of the DAO so that we can adjust interest rates in the lending protocol. Information about a DAO's governor contract and it's delegates are query from Tally's API and then fed into Spectral's API to compute credit scores.

The Lens follower graph provides an interactive graph visualization of connections on the Lens protocol and the credit worthiness of each users' Lens connections. This allows users to analyze their Lens connections in a graph view and gain a better understanding of the financial health of their connections.