React, typescript, solidity
Lending - Polend lends users fund through a system known as over-collateralization, which means that users must provide a collateral token so as to be able to borrow an asset. The user can borrow up to a percentage of the amount deposited.
Polend is a decentralized liquidity protocol which allows the lending of stable coins.
The user is required to deposit a token as collateral which will be held in the smart contract. Without this collateral is will be impossible to borrow an asset. After a collateral has been supplied the user can borrow a certain amount which must be lesser than the collateral deposited. The collateral deposited is converted to its equivalent in USD using the chainlink priceFeed oracle, this way the stable coin is pegged to the US dollar. The protocol at moment uses a mint and burn mechanism. When a coin is borrowed the amount borrowed is minted by the stable coin and sent to the users wallet and when the user repays the stable coin is burnt.
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See the section about running tests for more information.
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Note: this is a one-way operation. Once you eject, you can’t go back!
If you aren’t satisfied with the build tool and configuration choices, you can eject at any time. This command will remove the single build dependency from your project.
Instead, it will copy all the configuration files and the transitive dependencies (webpack, Babel, ESLint, etc) right into your project so you have full control over them. All of the commands except eject will still work, but they will point to the copied scripts so you can tweak them. At this point you’re on your own.
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