It’s quite commendable that you’re prioritizing essential elements like the credit access capabilities with JustLend, especially for the integration track in the hackathon.
Since you’re focused on integrating with JustLend, how do you plan to simplify the credit facility for users who may not be familiar with DeFi concepts? Will you provide educational resources or simplified explanations within your platform?
We’ll first simplify from the UI perspective. Here’s the progress and tentative new look for the Credit Facility:
Then, there’s also our Gitbook docs which attempts to break down the concepts relevant to the platform. It’s work in progress:
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To be very honest, it’s exciting to hear that you’re making progress on simplifying the UI for the Credit Facility!
Could you share more about the specific elements of the new Credit Facility UI design? How will you ensure that users can easily navigate between borrowing, managing collateral, and tracking their credit status?
Indeed it’s amazing seeing how MintDeals revolutionizes local business growth,
By merging Tron blockchain, DeFi, and NFTs, you’ve created a game-changing platform for seamless interactions, credit access, and loyalty engagement.
Unlocking business potential, one deal at a time.
This is incredible awesome
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Thanks for the support!
edit- OP has been updated with Devpost link.
Aside from the docs covering more details, we’ll provide a short video guide. Additionally, we might add simple tooltips to certain parts of the Credit Facility page to help with understanding once we’ve completed other areas.
The Credit Facility page is divided into three sections:
- Basic Credit: 80% of paid club memberships are sent here for the club owner, allowing them to borrow up to 60% of the accumulated portion.
- Shared Credit: 20% of paid memberships and portions of platform fees are stored here in BTC. Club owners can borrow stablecoins based on their credit score, with 20% of the stored BTC’s USD value accessible as a shared reserve. The borrowing limit is also dependent on the available reserve.
- Credit Usage History: This tracks all transactions like borrows and repayments.
Ok thank you for this clear explanation on the scope your project tend to cover. Another important question I will like to ask is that there has been a number of platforms offering credit facilities to user, what do you consider a selling point that set MintDeals apart from other DeFi solutions and credit facilities currently available in the market?
Interesting question! While many DeFi lending platforms exist, they typically require users to deposit their own collateral and borrow against it. MintDeals stands out by allowing users to borrow beyond their individual on-chain collateral.
What sets MintDeals apart is its novel use of club memberships and NFT deals to generate on-chain activity, which builds creditworthiness. This activity feeds into the shared credit pool, allowing club owners to borrow from a reserve that everyone contributes to—a unique feature we haven’t seen on Tron yet.
Have you encountered any similar DeFi products? We’d love to hear your thoughts.
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Wow 
This is great and one of a kind approach I have seen so far. With this innovative approach you’ve taken to distinct your project from most existing ones, I believe this is going to sell you out in no distant time. keep up with the good work
All the best in the hackathon season 7
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I am really liking the fact that you are always building and I wish you progression
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Thanks for the well wishes! 
We greatly appreciated all the questions, feedback and suggestions received during this hackathon period!
We’ve updated our OP above with links to the contracts on Nile testnet along with the updated link to the MVP app. There are still some improvements and fixes to be made/in progress, but feel free to check it out and look around in the mean time 
I have learned a lot about your project from your hackathon post and the questions asked the members of this forum which you gave clear answers to, but there is where I want to get clarification on. You are using credit scoring system to enable greater borrowing capacity for business that maintain a good credit score. Have you put any measure in place to prevent any malicious party who would want to manipulate the system to get more borrowing capacity than they deserve?
Great question! The credit scoring system was designed with some basic safeguards to prevent abuse. While it’s technically possible for someone to manipulate their score by making small, frequent repayments, this would cost them TRX/energy, making the strategy unsustainable over time. The maximum score of 850 caps the borrowing capacity, further limiting the effectiveness of such manipulation.
Additionally, a credit manager admin (human or AI) can monitor on-chain events and can adjust scores manually if suspicious activity is detected. The admin can also apply a boost factor to adjust borrowing limits, though this is strictly controlled and set to 1 by default for everyone.
Knowing that MintDeals enables businesses to create blockchain-based clubs where they can offer exclusive and tokenizable deals to their members.
My question is
What process has mintdeals put in place to balance the growth of it’s user and need to maintain a resilient credit facility.
Thanks for your question! We have 2 parts to our balancing process:
-
Proportional Scaling: As new clubs and members join, the credit facility grows organically. A portion of every membership fee goes into the shared credit pool, ensuring a growing reserve to support borrowing. A portion of club creation fees also funds further development.
-
Risk Mitigation: Borrowing limits are tied directly to a user’s credit score and past repayment behavior, so only responsible users gain greater borrowing capacity, protecting the shared pool.
In the future, we may introduce additional mechanisms like staking towards specific clubs to further increase credit capacity as user demand grows.
@wescosmic
This is absolutely beautiful, and thanks for the clarification.
Thumbs up buddy
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Hey all
A short update: We’ve been continuing with improvements and fixes to the Mintdeals MVP over the past couple days. Check it out and let us know your thoughts or if you encounter any issues-
Please ensure that your Tronlink wallet is connected to Nile Testnet to interact with it. If you need some testnet tokens DM me your wallet address and I can send you some.
We’re aiming to have the video guide ready by Oct 3.
Thanks for your support!
Ok what could be the instance for the admin to apply boost factors?
Boost factors can be considered and applied when a club shows strong performance, such as growth in club memberships and usage, consistent and timely repayments, maintaining high credit scores, contributing to shared credit growth and/or overall growth + availability of shared credit capacity. Other onchain events like deal creation, minting by the club’s members and redemptions also contribute. These are just the starting criteria, with potential for more in the future.
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Hey all,
The link to the video guide for MintDeals has been added to our OP above 
and here 
This completes our MVP submission.
Thanks for all the feedback and support throughout these past weeks building!
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Hey all, we’re curious! Which MintDeals feature excites you the most? 
- Tokenized Deals
- Club Creation
- Simple Credit Scores
- Credit Facility
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voters
To recap:
MintDealsNFT: Used for minting and redemption of deals. Integrates with the ClubDealRegistry.
ClubDealRegistry: Used for creating and managing clubs, deals and splitting of received payments to Credit Facility and Credit Manager.
CreditManager: A contract account integrated with the CreditFacility, managing BTC, shared credit access, handles repayments and manages credit scoring that affects club owners’ borrowing capacity.
CreditFacility: Manages individual credit access and collective funds as sub accounts and integrates directly into JustLendDAO for accessing supplying, lending, borrowing, repayment and yield claiming capabilities.
ref: https://devpost.com/software/mintdeals
Beyond this, are there any new features or improvements that you would like to see?
Vote above and/or comment below and let us know!
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