What is CartesiLend?
CartesiLend is a DeFi lending protocol that allows users to deposit funds into a pool on a Cartesi roll up, borrow against those deposits, repay them, and settle net interest. It also includes sophisticated financial analytics that use onchain data represented within Cartesi to compute collateral risk limits.
What is the motivation behind CartesiLend?
The motivation behind the project is to provide a decentralized lending platform that is more efficient, cost-effective, and accessible to everyone, by leveraging the power of Cartesi. This enables users to transact on a roll up with faster and cheaper transactions, while also benefiting from the added security and transparency of blockchain technology.
How does CartesiLend work?
The DApp works by allowing users to deposit funds into a pool on a Cartesi roll up, which are then used as collateral to borrow against. The financial analytics component of the project helps to manage collateral risk by monitoring onchain data related to major cryptocurrencies such as ETH and stablecoins.
What technologies and integrations were used in CartesiLend?
The project was coded in Python and runs on a Linux virtual machine on Cartesi, with deposits, withdrawals, and settlements transacted on a Cartesi Hardhat roll up. Onchain data feeds are fed from representations on Cartesi of major cryptocurrencies such as ETH and stablecoins.