🏛️MetaBanc Marketplace

Github: https://github.com/shreedee/bancodefi

Testnet Beta: https://bancodefi.staging.newearthart.tech/

Video Demo: Smart Contract Addresses:

NEXT_PUBLIC_AssetFaucet_address="0x634C9C12aDeDd6065AC5E52e16073FDA533Cb40d" NEXT_PUBLIC_EvmApp_address="0x45FD626Daf413CBA1aFBcC26193a41f2b4C61e40" NEXT_PUBLIC_TzApp_address="KT1NUqpgPim21yjvAFBTo3mF5H8BcaKq13Rg"

P2P NFT loans with MetaBanc

We built multi-chain financing infrastructure to give borrowers the ability to take their own Ethereum NFT(s) (ERC721 Token) and put them as collateral to borrow Tezos (FA.1 Token) for liquidity. Why a multi-chain mechanism? As a “low” level of trust is important in this protocol, our choices were an organically built Atomic Swap framework. Considering the high security and speed afforded by “Atomic Swap” we decided that this is the best option instead of cross-chain infrastructure.

That being said we will now demonstrate how lending and borrowing NFT loans would work within the MetaBanc marketplace.

Example scenario

We will be using the same problem statement to explain all the steps and phases for this example scenario.

Problem statement

We have 2 stakeholders/users in this example, "The Borrower" who is currently looking to borrow Tezos, and "The Lender" who is looking to lend Tezos.

Borrower problem:

The borrower has been doing research on a certain Tezos project that seems extremely promising and he would like to invest in it with Tezos. The only issue is that the borrower does not have enough Tezos fungible and non-fungible token assets to either leverage within an overcollateralized pool or simply the Tezos assets to participate.

The borrower comes across the Banco Marketplace from twitter and likes the options he sees in regards to creating his own terms to an ecosystem of lenders AND being able to use his CryptoPunk Ethereum NFT as collateral to receive the Tezos liquidity needed for his investment desires.

Lender problem:

The lender has been unsatisfied with the volatile and illiquid APY earnings he has been receiving from staking, pools, etc. across multiple chain ecosystems. He would like to take more control over his portfolio thesis to give more direction into what strategy he thinks would work best.

The lender hears about the Banco Marketplace where he can select his deal flow and have more control over his APY earnings. The lender creates his strategy and is ready to lend to deal flow that meets his criteria.

Objective:

Fully decentralized credit rating P2P lending and borrowing marketplace for NFT loans.

Current assumptions:

Borrower and Lender don't know or trust each other but like the loan terms