Users stake a certain amount of coins to join a membership offered by a service provider. DropletPool would deposit the stake into AAVE, and delivery the yield to the service providers periodically. When the user no longer need the membership, he or she can simply withdraw 100% of the stake, and virtually enjoy the membership for free. It is a new form of lossless and decentralized membership model unlock by the powerful DeFi.
How It's Made
AAVE, Ethereum, Solidity, IPFS, scaffold-eth. Awesome experience during this hackathon. Learned a ton of stuffs. In particular, the experience of getting everything working in kovan took some efforts as a number of details were not the same as in local development. Was going to setup ENS as well, but the gas price is a bit crazy at the moment.