This is a tutorial on constructing a basic lending pool in Reach. A lending pool is a smart contract that allows users to deposit and borrow money. It keeps track of the amounts deposited and borrowed and the interest earned on the same. As an added bonus, it is possible to completely tokenize this debt by using non-network tokens (ASA's on Algorand or ERC-20 on Ethereum).
The agenda of the tutorial is as follows -
- Discuss the setup of the Reach program
- Initial scaffolding and participant interfaces
- Front-end setup in Javascript
- Implementing the core transaction loop
- Implementing and testing the logic for lending users
- Implementing and testing the logic for borrowing users
- Implementing and testing the debt tokenization
- Implementing and testing the interest calculation logic
- Basic verification of lending pool
- Thanks!
DISCLAIMER: Please note that is only a tutorial and not meant to be used in the real-world. The code has not been tested or audited for vulnerabilities.