LumenVault

LumenVault is a decentralized lending and borrowing platform on the Pharos Network, a high-performance, EVM-compatible, modular Layer 1 blockchain. Designed for individuals and small businesses, LumenVault facilitates micro-loans in mUSDT, eliminating traditional lending inefficiencies like high fees, slow processing, and exclusivity. By leveraging Pharos’s ultra-fast parallel execution and low-cost transactions, it ensures accessibility, transparency, and security in a trustless environment.

Borrowers can access micro-loans (e.g., 1.0 mUSDT) seamlessly through smart contracts, while lenders earn interest via automated, secure processes. The platform features a unique reward-based repayment system (function: repayLoanWithReward), incentivizing timely repayments and enhancing user engagement. Smart contracts handle mUSDT approvals, balance checks, and loan repayments, ensuring robust functionality.

LumenVault showcases Pharos’s scalability and interoperability, driving DeFi adoption. Its intuitive UI, powered by @reown/appkit, offers seamless wallet integration (e.g MetaMask), while gas-optimized transactions (e.g., gasPrice: 1 gwei) address Pharos’s legacy gas model.

Platform Url: https://lumenvault.vercel.app/

These are the core pages of the platform:

1. Landing page

2. The Dashboard.

   

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3. Lend page.

   

4. Borrow page.