SpendNest
{"type": "project", "title": "SpendNest", "website": "https://spendnest.vercel.app/", "createdAt": 1713305274053, "userGithub": "ETIM-PAUL", "credentials": {}, "description": "This project is a decentralized banking system which is inspired by the local banking and savings method with the addition of features to make banking and saving of funds more efficient than before.\n\nUsers of this decentralized banking app can deposit and withdraw money as well as move money between their own accounts. The ability to spend money from a shared account can also be granted to other users. The project allows transparency, enabling everyone to see what is actually happening, and without withholding any information from the users.\n\nAn official savings and lending feature where users can create private groups with friends or save money publicly for designated purposes. And users that have funds in their Savings Club account can be eligible for an overdraft in case of emergencies.\n\nSpendNest IS a DeFi app that allows users to take control of their finances in a decentralized manner. The problem SpendNest is solving is the lack of transparency and security in traditional financial systems.\n\nSpendNest eliminates the need for intermediaries such as banks and other financial institutions by providing a decentralised platform for financial transactions. This reduces the risk of fraud and other security breaches. Additionally, SpendNest’s gasless transactions make it more accessible to people who are new to blockchain technology.\n\nIn Conclusion\nSpendNest is a DeFi app that provides users with a secure and transparent platform for savings, group savings, overdrafts, and sharing funds. SpendNest is built on blockchain technology, ensuring all transactions are secure and transparent. SpendNest is ideal for people who want to take control of their finances in a decentralised manner. With gasless transactions and future plans such as swapping, lending & borrowing, flash loan transactions, and buying cryptocurrencies with fiat, we believe that SpendNest has the potential to revolutionise the way people manage their finances.", "projectGithub": "spendNest"}