Spheroid
Spheroid is an onchain payment platform and loyalty protocol designed to make it easy for businesses to accept cryptocurrency payments and distribute loyalty onchain
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Problem Statement
Who doesn’t love the ease and simplicity of using Stripe/Revolut for payments? Now imagine, if we say we brought the same experience to web3. Yes, that’s what Spheroid is all about, a simple Payment 3.0 platform, combining onchain payments with a loyalty distribution system, bridging the best of web2 to web3 and making every transaction more rewarding.
Solution
Coinbase: CDP + Onchainkit + Paymaster + On-ramping service We utilized Coinbase smart wallets to create a web2 like onboarding experience for merchants which helped us to implement gas abstraction, ensuring that merchants never need to worry about web3 things like managing gas fees. For users, we made the system flexible, allowing them to connect their preferred wallets or use abstracted wallets with built in onramp options (also powered by Coinbase) ensuring a smooth and accessible experience for everyoneSign Protocol Every payment processed through Spheroid is attested and stored onchain using Sign Protocol acting as a tamper proof record for every transaction, enabling receipts, analytics and future use cases like loyalty profile creation or expenditure tracking. We are also utilizing the custom hooks feature of Sign protocol for minting and the loyalty distribution on chainCurvegrid Curvegrid serves as a foundational layer for our development, particularly for smart contract indexing and act as a backbone in the development of the webhooksDynamic We use Dynamic.xyz to handle all client side wallet connections, along with the non pop up signing truly enabled us for smooth wallet integrations and a native web2 feeling across the platformsPush Protocol Notifications are a critical part of Spheroid’s functionality. We integrated Push to ensure real time updates for merchants and customers, such as payment confirmations or loyalty token issuance. which are currently customized to suit various workflows
Hackathon
ETHGlobal Bangkok
2024
Prizes
- 🏆
Blockscout Explorer Big Pool Prize
Blockscout
- 🏆
OnchainKit Pool Prize
Coinbase Developer Platform
Contributors
- KarthikS373
30 contributions
- shanrasool
25 contributions
- aarav1656
8 contributions