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  • Compound Clone Script

    Ready-made Compound protocol script to start a Lending platform in 24 hours

    • Normally
      $699
      Discount
      50%
      Savings
      $350
  •  
  • Compound Clone Script Review

    Have questions, Shoot a mail to [email protected]


    What do you get?

    This DeFi lending and borrowing script has a lightweight web front end with the following modules:

    Exchange Swap ( For users to directly Swap tokens from the balance in their wallets )

    Automatic Market Maker ( Keeps the liquidity in check on the exchange )

    Yield Farms ( To stake the Liquidity tokens and receive custom exchange tokens that can further be compounded )

    Customized Smart contracts ( to adjust APR & Multiplier factor )

    + Detailed Step-by-Step installation Documentation.


    – 100% Source code

    – Lifetime Free upgrades/Support

    – Paid Installation Service Available ( The entire solution will be installed on your servers and handed over up & running )

     

    Questions? Shoot a mail to: [email protected]

  •   INTEGRATION TIME: Less than 24 hours

      SAVES YOU: 840 Hours Of Development

  • Technical Specifications


    Supported Blockchains: Binance Smart Chain (BSC)

    Add-On Blockchain Support: Ethereum, POLYMATH, Solana, TRON and more.

    Smart Contracts: Solidity, Parity Substrate

    Scripting language backend: NodeJS , Web3.js

    Environment & Tools: Truffle, Ganache

    Front end: Angular JS/ React /CSS/Ajax

    Exchange Type: Decentralized exchange DEX

     

     

  • Description


    Compound Protocol Script

    Compound protocol is a decentralized finance protocol that acts as a layer to create a variety of DeFi powered applications like lending & Borrowing, Real Estate Asset Tokenization, Mortgaging, Cross-border money transfer. 

    Under the Compound Protocol, a series autonomous interest rate determining market algorithms are running on the Ethereum blockchain. When user locks in an asset under the Compound Protocol, start earning a variable interest rate instantly. The Interest accrues on every Ethereum block, and users can withdraw their principal plus interest anytime.

    What makes Compound Clone Script a great choice for starting a DeFi platform?

    Compound Clone Script is built on Web3.js framework that most blockchains are built on. The Compound clone can also be integrated with other supporting blockchain protocols like ETH, Polymath, TRON, Solana etc. 

    The primary application of Compound Clone is for building lending & borrowing based DeFi applications with a variety of financial structures. It gives entrepreneurs to start a DeFi platform real quick without worrying about supplying & maintaining liquidity. The liquidity is already available through other external decentralized protocols. 

    Expand your DeFi Ecosystem with Compound ADD-ONS

    Over the base layer of Compound Clone Script, the product also has the option to integrate with a variety of 40+ DeFi addons and features that are being made available to create a full-fledged ecosystem.

    This ensure that any new feature or functionality is made available for you to select and integrate it within a few hours rather than developing it on your own. 

    Our Compound clone script helps your business stay ahead with the latest features available for your users/customers.

    How does the Compound clone script work?

    The DeFi Lending and Borrowing script relies heavily on the smart contract’s automated rate of interest determining algorithms to offer reasonable loan rates for borrowers and sufficiently compensate the lenders for supplying liquidity by locking in their cryptocurrency assets on the platform. 

    For Lenders

    Step 1: Lenders connect their Metamask wallet or any supported wallets that have their crypto assets store. 

    Step 2: Once connected, the platform will display the ROI they will get for depositing their crypto asset. 

    Step 3: If they are satisfied, they can choose the volume and tenure they like and click on Supply liquidity.

    Step 4: They receive a reward token for lending their tokens on the platform.

    For Borrowers

    Step 1: Borrowers sign up for an account, and submit their KYC

    Step 2: After verification, they can choose the cryptocurrency, amount they’d like to borrow and the tenure. The system automatically displays the rate of interest they’d be charged and the monthly installment they will have to pay. 

    Step 3: If they deposit the collateral cryptocurrency and agree to the terms and the rate of interest, they can proceed with the borrowing.

    Step 4: The fund will be deposited in their bank account upon withdrawal

    How does the administrator make money with the DeFi Lending and Borrowing Script?

    On the DeFi lending and borrowing script as an administrator, they have 2 revenue channels

    Platform Fee – Platform fee for every transaction, lending or borrowing is charged from the user.

    Reward Token – The platform owner also gets certain amount of reward token from the blockchain that can be listed and traded on the exchange as well.

    Locked in liquidity – The platform gets to hold the locked in liquidity over a period of time and can gain from the fluctuation in price on the network. More liquidity also attracts users who want to supply liquidity and borrow from the platform.

    Features of the DeFi Lending and Borrowing Script

    Liquidity Pools

    Creates liquidity pools for a variety of cryptocurrency pairs under the DeFi platform to supply continuous liquidity.

    Enterprise grade Interest deterministic algorithm

    The enterprise grade algorithm constantly determines the interest rate for borrowers and the reward+ return on investment for the lenders on the platform based on the 

    Crypto Wallet

    Inbuilt Crypto wallet for the storing cryptocurrencies from users on the platform

    Fiat Wallet

    Inbuilt Fiat wallet for the borrowers to withdraw the funds from. 

    Penalty

    Penalty is automatically charged for the borrower if they don’t pay on time. This ensures that payments are made on time and liquidity is maintained within the protocol and lender’s investments are protected.

    Auto Debit from Wallet

    The borrower can set in their wallet for the platform to automatically debit the interest from the wallet. They would have to deposit the cryptocurrency before the date of auto-debit.

    Multiple lending protocol

    The platform can be integrated with multiple lending protocols upon customization

    Reward Token

    For every user who supplies liquidity to the protocol, a reward token is deposited in their wallet on the platform by the end of the tenure.


  • User Reviews


  • Frequently Asked Questions


    What are the server requirements for this DeFi Lending and borrowing script?
    We recommend a 4vCPU, 6GB Ram and above, 120 GB Diskspace to run Ubuntu 18.04 and then install the necessary dependencies. Here’s a discounted VPS link that works great with the product https://bit.ly/2HvnXhW

    What are the software requirements for this Compound Clone?
    The software requirements for the DeFi lending and borrowing script to work are BSC blockchain node, NodeJS, MONGODB for the backend. If you’d like to add more features, do reach out to us at [email protected].

    Do you offer customization on the product?

    Yes we do. Please get in touch with the team to discuss about your idea before we start customizing the product for you.

    Can you help install the script?
    Sure, we can help you with the installation of the script. Please write to us at [email protected]. Someone from our team will get in touch with you