NEOSTAKE

Key Features:

• Wallet Connection: Users can connect their wallets (mocked in this demo), which is a fundamental aspect of any DeFi application, allowing interaction with the blockchain.
• Token Staking: Users can input the number of tokens they wish to stake, and the system will simulate staking operations, storing the staked amount and applying a fixed interest rate.
• Interest Accumulation: The platform offers a 5% interest rate on staked tokens, calculated and updated dynamically as the user interacts with the platform.
• Dashboard: The user dashboard displays real-time information about the staked amount and the interest earned, offering an overview of their earnings.

Frontend Design:

The frontend is designed to be clean, user-friendly, and fully responsive. Using flexbox for layout, the staking interface is centered on the screen, providing a smooth experience across both desktop and mobile devices. Buttons are styled for easy interaction, and the staking input field is intuitive, allowing users to quickly enter the desired token amount.

Backend Logic:

The backend, implemented in Node.js, serves static files and processes staking requests. Upon receiving a staking request from the frontend, it updates the user's staked balance and calculates the corresponding interest. The backend mimics real-world DeFi functionalities, providing an educational example of how staking works in decentralized applications.

Use Case:

This project serves as a foundation for understanding DeFi concepts, such as staking and interest generation, and can be expanded to integrate real blockchain wallets (e.g., MetaMask or Solana Phantom) and smart contracts to handle actual token transfers and interest accrual. It’s an ideal starting point for developers looking to explore DeFi development, token management, and basic blockchain interactions.