SUKU DeFi

Overview

SUKU DeFi is an ecosystem of purpose-driven lenders who provide microfinance opportunities to disenfranchised supply chain participants. The ecosystem leverages an algorithmic, autonomous interest rate protocol to give these participants access to open financial applications.Brands and institutions around the world can partner with SUKU DeFi to provide a pool of stablecoin (USDC, BUSD, etc) liquidity for supply chain partners to borrow from. These lending partners can earn a variable interest rate.

Challenge

Bring decentralized finance to supply chain participants through SUKU’s product offering. Supply chain participants such as farmers, manufacturers, and distributors who share information about their SUKU-traced products, get rewarded and may be able to take advantage of the many benefits of decentralized finance built on blockchain.

Solution

Zircon’s team has developed the Web3 application for Suku DeFi that allows users to contribute SUKU tokens and USDC to the smart contract-based liquidity pools and earn a variable interest rate, which will be returned to them in kind. The result was achieved using a ReactJS + EthersJS libraries in combination with Metamask integration and the use of Compound protocol.

Team

• Guzman → Frontend & Web3
• Will → Frontend & Web3