SpinshockSwap

The project entails the creation of a peer-to-peer lending and borrowing platform that is currently in the building phase. The protocol will have flexible parameters around lending and borrowing. A native stablecoin will be launched that people can mint for transactions on the platform. The terms of the loan would be upheld by isolated agreements backed by a 200% collateralization factor.

To secure the loan, a lender NFT would be minted on the lender side and a borrower NFT on the borrower side. The platform plans to supplement its services with an NFT marketplace and potentially a designated dashboard for managing NFTs. The plan is to buy convex tokens with the treasury to bolster collateralization.