The platform's algorithm assesses the rarity, market value, and historical price data of NFTs to determine the appropriate loan amount.
It includes setting interest rates, defining loan terms, and adjusting loan-to-value (LTV) ratios based on the risk associated with the rarity of the NFTs.
Interest rates are dynamically adjusted according to the perceived risk of the loan influenced by the rarity and volatility of the NFTs.
Providers can tailor loan packages to different user segments, set thresholds for loan approvals, and automate certain aspects of the loan process to streamline operations.
The client tasked us with developing a UI that was not only visually appealing but also capable of handling the nuanced and dynamic nature of NFT-based loans. This required innovative design solutions to ensure the platform was both easy to navigate and effective in communicating the unique loan structure to users.
The challenge was to design an interface that would be both visually appealing and easy to navigate, while clearly communicating how loans were determined by the rarity and value of NFTs.
#Users needed a smooth experience when connecting their wallets, viewing eligible NFTs, and applying for loans. Ensuring compatibility with multiple wallet providers and making the integration process seamless required careful planning and execution.
#Another challenge was presenting dynamically changing loan parameters, such as interest rates and loan amounts, in real-time. The UI needed to update instantly as users explored different NFTs or changed their loan preferences.
#The client requested a sleek, modern look for the web app, but it was crucial to not compromise functionality. Balancing aesthetic appeal with a user-friendly design required iterative testing and feedback.
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The team required an out-of-the-box thought methodology when working on Goblin Sax. We employed our world-class services to bring out the best in the app and create a market-leading product to serve the masses.
The team put up a massive effort to create innovative solutions for the app that would further be applied in future app development.
The developers sat down with the Goblin Sax team to understand the project objectives and vision.
As the work began, the developers built various aspects and features; all that within the deadline.
The QA team thoroughly tested every aspect our developers built to ensure it was market ready.
We immersed ourselves in frontend development, crafting engaging and intuitive interfaces that define the user experience.
We dived headfirst into backend development, architecting digital foundations that would shape the platform.
The quality assurance team spent dedicated hours to test the app thoroughly and share its view with the developers for a perfect app.