LumenVault
LumenVault, a decentralized platform designed to facilitate small-scale loans for individuals and businesses, ensuring transparency, security, and accessibility
视频
描述
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:
Landing page
The Dashboard.
Lend page.
4. Borrow page.
本次黑客松进展
During the Pharos Builder Base Camp, we built LumenVault, a decentralized lending platform on Pharos Devnet. We developed LumenVault.sol (LumenVault) and MockUsdt. The frontend uses React for seamless UI and @Reown Appkit for wallet integration. We conducted Hardhat tests, resolved Git conflicts (kenny/dev, soliu/dev), and deployed on Vercel. Muhammed Soliu led contracts, Kenny built the UI, and Soliu tested. LumenVault is complete for testing, driving DeFi on Pharos.
技术栈
融资状态
Not raised any fund yet