Okiki-Olugunna / Barber-to-Customer-Escrow

get paid interest for booking your haircut early

Barber-to-Customer Escrow

A smart contract based booking platform for barbers

Website: https://barber-to-customer-escrow.vercel.app/

How It Works:

• the customer makes a booking in advance
• the payment is held in an escrow contract, e.g. 50 DAI, until the time of the haircut
• during this time, the customer's funds are placed in Aave V2 to earn interest

When the haircut is done:

• an arbiter approves that the haircut is complete to a good standard
• the initially deposited funds are withdrawn from Aave
• the customer gets some of the accrued interest
• the barber gets their payment & some of the accrued interest as well (as an incentive to use this dapp)

To see a simulation of this, view this script

The earlier the customer makes the booking, the more interest they can get

If a customer cancels the booking:

• the barber gets the interest earned (another incentive to use this dapp)
• the customer only gets back their deposit

If a customer does not show up to a booking:

• the barber gets both the deposit for the haircut, plus the interest earned

Extra info:

• When a booking is made, an SMS message is sent to the barber using a combination of Twilio's SMS API and Alchemy Notify, which listens to on-chain activity at the booking platform's contract address