A protocol for financial transactions backed by crypto-assets.

Introduction

Secured Finance is an institutional-grade financial transaction platform with automatic collateral management and mark-to-market mechanisms.

We designed a protocol from accumulated knowledge of 40-years of the financial industry that governs 558 trilions of dollars of OTC (i.e. peer-to-peer) derivative transactions and made the interbank market system open to the public.

With this protocol, we built scalable, flexible, decentralized peer-to-peer markets for loans and FX, and then we will add swaps and options as we progress.

Financial Transactions

You can do the following traditional financial transactions with various formats. A list of formats and examples is shown below. We can also create innovative structured products by combining these plain-vanilla transactions.

• Loan (FIL loan backed by ETH) <---- HackFS primary focus
• Deposit (FIL deposit to earn interest)
• Swap (FIL/ETH cross-currency swap)
• Option (FIL/ETH European call option)

Target User

• Miners who want to borrow/lend their FIL without worrying about credit risk
• Investors who have long-term view and aim for excess return from markets
• Hedgers who want to reduce their current exposure of their crypto-assets
• Arbitragers who want to profit by providing liquidity to collateralized assets

Key Components

• Payment management smart contract
• Collateral management smart contract
• Ecosystem design of primary & secondary market on financial transactions
• Liquidity management to support margin call operations

Technologies and Tools

• Filecoin for main payment currency
• Ethereum for collateral management smart contract written in Solidity
• Fleek and IPFS to develop web application
• React for front-end framework for UI
• DID with ION or Elements for Identity and Key management
• Libp2p, PubSub, Raft consensus for p2p oracle node
• Set of smart contracts for p2p oracle on Ethereum network

Presentations

• HackFS ETHGlobal Official Showcase
• HackFS YouTube Submission
• HackFS Presentation Slide
• Secured Finance Demo App

Core Architecture

Our webapp orchestrates state machines in Ethereum Smart Contracts. (Documentation)

• Market.sol
• Collateral.sol
• Loan.sol

Repositories

• Web Application

• Smart Contracts

• P2P Oracle Network

• P2P Oracle Contracts

• See all repos

Contributors

Senshi M. Onions

Bakhtiiar Muzakparov

Bach Adylbekov

ChronosX88

License

This project is licensed under the MIT license, Copyright (c) 2020 Secured Finance. For more information see LICENSE.md.