Please describe your proposed solution.

We perceive the need as solution to solve crypto's unstable and lack of financial services.

The reason why we use smart contracts is that it censorship resistant and every transaction is on chain.

Our project will engage the community and the institutions

With this service, there will be more ADA and tvl in the crypto system and bring a more whole and complete Cardano banking system

Please describe how your proposed solution will address the Challenge that you have submitted it in.

This crypto borrowing and lending platform will use partnerships to leverage itself to aid and give banking services to anyone and help developers on the Cardano blockchain more easily get funding.

What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

Bugs, audit costs, and fork delays

We will mitigate this by requesting multiple eyes to review code, and also compare prices with several audit firms.

Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

August 30th, we will research for 10days, then begin codeing. We will code for three weeks and launch on testnet.

We will then work with noteable app platforms on cardano to integrate these services to make the apps talk to one another through oracle feeds.

Then launch.

Please provide a detailed budget breakdown.

20, 000 usd towards audit

10, 000 usd to development and code

Please provide details of the people who will work on the project.

Lending Pond team has built and delivered many successful NFT features and services in the past:

• Lending Pond: lendingpond.app
• Loan to value ration: https://lendingpond.app/lend

Lending Pond is experienced in being able to plan, research, and implement NFT tools and services to the Cardano ecosystem at a efficient, quick, and at a high level. Our skills and abilities were best proven as Lending Pond is the first and only functional Lending Platform on Cardano to be on mainnet.

If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

no, we carefully planned our budget

Please describe what you will measure to track your project's progress, and how will you measure these?

There will be a daily volume lended pull request that we will make public. Our goal is that it will reach 1 million ada within the first month.

Along side this, we will have a experienced marketer from lending pond to help us gain good interaction ratios on twitter. 20 likes for every 1000 followers.

What does success for this project look like?

1 million daily volume

Integration on 3 apps

Launch within a month

Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

no