The official repository for the website of Phoenixi
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PhoenixFi revolutionizes the FileCoin ecosystem by enabling Storage Providers to overcome funding gaps through innovative lending solutions. The platform employs robust risk mitigation strategies, ensuring staking remains lucrative while minimizing defaults. An incentivization model rewards both stakers and providers, adding tangible value to the FileCoin Network. Challenges include developing accurate ML models for reputation prediction and collateral demand, designing a balanced reward system, and implementing effective measures to prevent loan defaults. PhoenixFi pioneers a transformative approach, fostering a dynamic and sustainable FileCoin ecosystem.
Following technologies and libraries are used for the development of this website
To setup the project locally the steps below.
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Please make sure you have metamask installed and connected to Filecoin's Calibration testnet and have some test matic in your wallet
# Homebrew
brew install nodejs
# Sudo apt
sudo apt install nodejs
# Packman
pacman -S nodejs
# Module Install
dnf module install nodejs:<stream> # stream is the version
# Windows (chocolaty)
cinst nodejs.install
# Homebrew
brew install git
# Sudo apt
apt-get install git
# Packman
pacman -S git
# Module Install (Fedora)
dnf install git
The project uses NPM. It is strictly advised to stick with NPM so as to avoid dependency conflicts down the line.
## Checkout into the project client directory
cd client
## Install Dependencies
npm install
## Run the Project
npm start
Following are the commands to remove/add new dependencies using yarn
## Add a new Package
npm install <package-name>
## Remove an existing Package
npm uninstall <package-name>
## Save Package as a Dev Dependency
npm install <package-name> --save-dev
PhoenixFi empowers Storage Providers (SPs) by offering loans to cover insufficient funds for FileCoin staking, attracting more participants and optimizing infrastructure utilization.
The platform implements stringent eligibility checks and feasible loan amount determinations to mitigate risks associated with lending, safeguarding SPs' on-chain reputation and minimizing potential losses.
PhoenixFi introduces a unique model that rewards both stakers and SPs, providing tangible monetary gains and showcasing the real-world value of active participation in the FileCoin Network.
The project leverages advanced machine learning models to accurately predict reputation and collateral demand, ensuring a reliable and effective lending ecosystem.
Designing a reward system that benefits both stakers and storage providers, PhoenixFi creates a fair and mutually beneficial environment, encouraging sustained engagement in the FileCoin ecosystem.
Implementing checks and balances, such as a beneficiary system, the platform actively prevents loan defaults, enhancing the overall stability and reliability of the lending platform.
