Headen Finance

Screenshots

Problem Statement

Headen Finance intends to bring you a multichain lending and borrowing protocol where you can deposit/borrow funds on a chain and can borrow across any chain Headen Finance is present in.A full rundown of the features Headen Finance gives you areCredit-based lending: You can borrow multiple time without collaterals up to 70% of your total staked assets value aggregated across chains.Staking of Liquidity tokens and earn interest to cover your impermanent lossMulti-chain lending: You do not need to move your liquidity from any chain to tyour needed. You ust stake and have access to lending on any chain without withdrawing and bridgingCredit score for users and a user with >80% credit score can borrow up to 90% the total staked assets instead of 70%.Some Popular and Verified NFTs collections can be used collateralMobile focused easy to use application: You do not need to use a complex UX designed application to borrow or lend :) Desktop version is also available for the degens.Semi-fixed interest rate with fixed band of variationsHigher APYs than competitions

Solution

It usesDeBridge: For Liquidity Balancing of contracts on different chains: ETH (1000 USD) & MATIC(500 USD) <-> ETH(750USD) & MATIC(750USD) on requestMultiChain for withdrawing your token to any other chainHyperLane (Abacus): Cross Chain Communication of contracts to allow other contracts on their chain to record the new user detailsMoralis Event triggers Cloud Function: Cross Chain Communication between contractChainLink Keepers & OpenZeppelin Relayers: For automating some functions (rates and USD updates) as relayersChainLink USDC Data FeedPolygon Chain: Parent ChainSolidity for smart contract developmentEth, Arbitrum, Optimism: Child ChainsReact and Rainbow kit for frontendNodejs for cloud function backend