0xWealth

Screenshots

Problem Statement

Overview:0xWealthis a decentralized finance (DeFi) mini-app designed to make wealth management simple, accessible, and rewarding. Built withWorld IDintegration, it allows users to engage in crypto-related financial activities such as buying Bitcoin, lending USDC, borrowing against Bitcoin, and earning rewards through daily check-ins. The project combines user-friendly design, gamified engagement, and DeFi principles to redefine how individuals manage their digital assets.Key Features:1.Buy Bitcoin with USDCUsers can seamlessly purchase Bitcoin using USDC.A simple interface allows users to input the amount of Bitcoin they wish to purchase, calculates the cost based on the current market price, and provides a clear transaction summary before confirming the purchase.2.Lend USDC for Passive IncomeUsers can lend their available USDC to earn interest (APY).The platform calculates estimated returns based on the amount lent, providing daily, monthly, and yearly breakdowns.Adjustable sliders and an intuitive dashboard make it easy to decide how much to lend while visualizing potential earnings.3.Borrow Against BitcoinUsers can use their Bitcoin holdings as collateral to take out loans in USDC.The borrowing model includes:A70% Loan-to-Value (LTV)ratio.AnAPY of 12%on borrowed funds.Detailed loan projections, including repayment amounts, interest rates, and flexible borrowing options, make the process transparent and efficient.4.Daily Check-ins for RewardsGamified daily engagement: Users can "Spin the Wheel" once every 24 hours to win Satoshis (small amounts of Bitcoin).Rewards encourage consistent app usage and introduce an element of fun to wealth management.0xWealth bridges the gap between decentralized finance and everyday users, offering tools that make wealth management simple, rewarding, and accessible.

Solution

The frontend, built with Vite and React, utilizes Tailwind CSS and ShadCN for styling, Framer Motion for smooth animations, and Recharts for interactive data visualization. Integration with theWorld Appis powered by MiniKit, enabling secure and efficient user authentication through World ID.The backend, developed usingNestJS, acts as a data caching layer. It provides the frontend with various data points, including real-time market data, user balances, and transaction summaries, ensuring low latency and efficient performance.Smart contracts, written inSolidityand deployed on the Ethereum mainnet, power the core functionalities such as lending, borrowing, and reward distribution.