Gho Forward

The GHO-Forward project brings numerous benefits to both borrowers and lenders. For borrowers, it opens up opportunities to obtain uncollateralized loans based on their credit scores. This allows them to access much-needed funds without having to provide collateral upfront. For lenders, it provides a new way to evaluate borrowers and make informed decisions on loan approvals. The combination of on-chain and off-chain credit scores improves lending credibility and reduces risk, creating a win-win situation for all parties involved.

The project uses solidity smart contracts. Smart contracts are deployed on Sepolia which act as intermediary for credit verification and managing the borrow requests. We also interact with the contracts deployed by Aave protocol for checking the collateral and issuing Gho tokens for the borrower. We are also. using gitcoin passport and on chain balances of the user for creating a credit score which then help us decide how much boring power a user can have.