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Blazar - stable lending protocol


CLR MATCH ROUND 5

756 DAI

FINAL AMOUNT

ROUND 5

2,404 DAI
54 contributors

Your contribution goes a long way!

1 DAI contribution

+ 20 DAI match

10 DAI contribution

+ 44 DAI match

100 DAI contribution

+ 82 DAI match

1,000 DAI contribution

+ 120 DAI match

Next update : 1 month, 2 weeks ago | Last updated : 1 month, 2 weeks ago

CATEGORIES

Defi

Description

{"ops":[{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"**ETHLONDON HACKATHON WINNER!**"},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"Introducing Blazar - the stable lending protocol."},{"insert":"\n\n"},{"attributes":{"background":"transparent"},"insert":"Eager to take advantage of one of DeFi’s many fantastic lending opportunities but worried that the rates will change?"},{"insert":"\n\n"},{"attributes":{"background":"transparent"},"insert":"With Blazar, you get your interest "},{"attributes":{"background":"transparent","italic":true},"insert":"upfront"},{"attributes":{"background":"transparent"},"insert":"!"},{"insert":"\n \n"},{"attributes":{"background":"transparent"},"insert":"No need to wait for interest to build up on Compound and hope the rates stay high. You know exactly how much you'll get, and you get it right now."},{"insert":"\n \n"},{"attributes":{"background":"transparent"},"insert":"Blazar won the ETHGlobal and Aave bounties at ETHLondon (it was called "},{"attributes":{"background":"transparent","link":"https://devpost.com/software/daj-get-your-future-interest-right-now"},"insert":"Daj"},{"attributes":{"background":"transparent"},"insert":" at the time), and given all the positive feedback, we've decided to work on it full time!"},{"insert":"\n \n"},{"attributes":{"background":"transparent","bold":true},"insert":"How it works:"},{"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"When Alice deposits 100 Dai into Blazar, she chooses how long to \"soft\" lock it (e.g. a month). In exchange, she'll get her interest (let's say 5 Dai) + 100 \"future\" Dai or fDai. fDai tokens are transferable, which means Alice can trade them or lock them up in escrow to pay for a Gitcoin grant."},{"insert":"\n \n"},{"attributes":{"background":"transparent"},"insert":"Whoever owns the fDai at the end of the lock up period can redeem them for actual Dai from Blazar. If Alice wants to redeem earlier: no problem, she just pays back interest. If she wants more interest instead, just push back the soft lock date!"},{"insert":"\n \n"},{"attributes":{"background":"transparent","bold":true},"insert":"Benefits for the community:"},{"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"Blazar is the fixed-rate lending protocol DeFi needs to give everyone predictable credit and interest payments. All code is open source and "},{"attributes":{"background":"transparent","link":"https://github.com/alice-si/daj/blob/master/README.md"},"insert":"on Github"},{"attributes":{"background":"transparent"},"insert":"."},{"insert":"\n \n"},{"attributes":{"background":"transparent"},"insert":"fTokens also make it really easy for dApp developers to integrate with Blazar. Want to create a bounty without losing your interest? Just pay in fDai. Want to take a position on future interest rates? Create a trading pool on Uniswap!"},{"insert":"\n \n"},{"attributes":{"background":"transparent","bold":true},"insert":"Where we are now:"},{"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"✅ Won ETHLondon!"},{"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"✅ Built a"},{"attributes":{"background":"transparent","color":"#212529","link":"https://daj.kubawo.now.sh/"},"insert":" "},{"attributes":{"background":"transparent","link":"https://daj.kubawo.now.sh/"},"insert":"PoC"},{"attributes":{"background":"transparent"},"insert":" integrated with Aave (currently testing on Kovan)"},{"insert":"\n \n"},{"attributes":{"background":"transparent","bold":true},"insert":"What this grant will help us build:"},{"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"🔜 Blazar borrowing (borrow money at a fixed rate/fixed term)"},{"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"🔜 Specify our risk management engine"},{"insert":"\n"},{"attributes":{"background":"transparent"},"insert":"🔜 Create the Blazar governance DAO"},{"insert":"\n \n"},{"attributes":{"background":"transparent"},"insert":"❤️Thanks for your support! 🌀"},{"insert":"\n \n"},{"attributes":{"background":"transparent"},"insert":"Community love:"},{"insert":"\n"},{"attributes":{"background":"transparent","link":"https://www.youtube.com/watch?v=6BD6vqvY5RQ&list=PLXzKMXK2aHh6pUla8qIW6_9gPSZOXyeIS&index=4&t=0s"},"insert":"ETHLondon presentation"},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent","link":"https://twitter.com/AaveAave/status/1234930413904285701?s=20"},"insert":"EthCC meetup presentation"},{"attributes":{"background":"transparent"},"insert":" (thanks Aave!)"},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"background":"transparent","link":"https://www.trustnodes.com/2020/03/02/ethlondoners-tokenize-loans-with-upfront-interest"},"insert":"Trustnodes ETHLondon writeup"},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"link":"https://twitter.com/BlazarDeFi"},"insert":"Twitter"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\n"}]}

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