The project aims to build a decentralized peer-to-peer lending platform where borrowers and lenders interact directly without intermediaries. Smart contracts will automate loan agreements, repayments, and interest calculations while maintaining transparency and minimizing fraud risks.
Research existing P2P lending platforms and blockchain lending mechanisms.
Design smart contracts to handle loan creation, approval, repayment, and interest computation.
Develop a frontend dashboard for borrowers to request loans and lenders to fund them.
Integrate Web3.js to connect the frontend with Ethereum blockchain smart contracts.
Implement authentication and wallet integration for user identity verification.
Test loan scenarios, including default cases, for contract accuracy.
Deploy the DApp on a testnet like Mumbai or Ropsten.
Monitor transactions to ensure real-time updates of loan status.
Ensure secure storage of user data and financial transactions.
Prepare project documentation, including testing results, limitations, and future enhancements.
