🏦 Monad NFT LendHub

A decentralized NFT-backed lending and borrowing platform built natively on Monad. Users can collateralize whitelisted NFTs to borrow USDT, while liquidity providers earn rewards for providing liquidity.

🌟 Key Features

For Borrowers

• 🎭 NFT Collateralization: Deposit whitelisted NFTs as collateral
• 💰 Instant Loans: Borrow up to 70% of NFT floor price in USDT
• ⚡ Quick Withdrawals: Reclaim NFT instantly after loan repayment
• 📊 Real-time Monitoring: Track loan health and repayment status

For Liquidity Providers

• 🏦 Yield Generation: Earn interest from loan repayments
• 🎯 Points System: Accumulate rewards based on:
  • Deposit amount
  • Duration of liquidity provision
  • Pool utilization rate
• 🔄 Flexible Withdrawals: Remove liquidity anytime (subject to availability)

Platform Features

• 🔐 Automated Liquidations: Protect protocol and LP funds
• ⚖️ Dynamic Interest Rates: Based on pool utilization
• 🎨 Whitelisted NFTs: Carefully curated collections
• 🌉 Cross-Chain Bridge: ETH bridging between Sepolia and Monad (Coming Soon)

🛠 Technical Stack

• Frontend: Next.js, TailwindCSS, TypeScript
• Web3 Integration: Thirdweb SDK
• Smart Contracts: Solidity, Hardhat
• Network: Monad Testnet
• Bridge: Wormhole Protocol Integration (In Progress)

🚀 Getting Started

Prerequisites

• Node.js (v18+)
• npm or yarn
• Hardhat
• Monad Testnet RPC URL

Installation

1. Clone the repository

git clone git clone https://github.com/bossonormal215/monad-nft-lendhub.git

2. Install dependencies

cd monad-nft-lendhub
npm install

3. Create a .env file in the cross-chain-contracts root

• MONAD_RPC_URL
• PRIVATE_KEY
• PRIVATE_KEY2

And another .env.local in the cross-chain-frontend root

• NEXT_PUBLIC_THIRDWEB_CLIENT_ID
• NEXT_PUBLIC_PRIVY_API_KEY
• NEXT_PUBLIC_ZEROX_API_KEY

Start development server

npm run dev

👨‍💻 User Flow

1. Connect Wallet

   • Connect to Monad Testnet
   • Auto network switching supported

2. Get Whitelisted & Mint NFT

   • Get address whitelisted by admin
   • Mint test NFT (max 5 per wallet)
   • Fetch tokenId from block explorer

3. Deposit NFT

   • Select whitelisted collection
   • Enter tokenId
   • Approve & deposit NFT

4. Borrow USDT

   • Enter loan amount (≤70% of NFT value)
   • Receive USDT instantly
   • Monitor loan status

5. Repay & Withdraw

   • Repay loan + interest
   • Withdraw NFT after repayment

6. LP Functions

   • Deposit USDT to pool
   • Earn interest & points
   • Monitor rewards

🔄 Current Status

Implemented Features

• ✅ Wallet Connection & Network Switching
• ✅ NFT Minting & Whitelisting
• ✅ NFT Collateral Deposits
• ✅ USDT Borrowing
• ✅ Liquidity Provision
• ✅ Basic Points System

In Progress

• 🏗️ Wormhole Bridge Integration
• 🏗️ Advanced Points System
• 🏗️ Liquidation Automation
• 🏗️ Enhanced UI/UX

🤝 Contributing

Contributions welcome! Please read our contributing guidelines first.

📄 License

This project is licensed under the MIT License.

🙏 Acknowledgments

• Monad Foundation
• Pyth network
• Wormhole Protocol
• ThirdWeb Team