Inspiration
Bring Security To DeFi and Revolutionize Crypto-Gambling: binomialpool.finance is an unruggable liquidity pool. Unruggable means that the system remains secure even if the core developers were corrupted. Therefore, BinomialPool is built for yield farmers who are sick of the frauds in the current DeFi-ecosystem. lesmatina was initially running on Binance Smart Chain, but we are expanding it to the Celo chain.
What it does
lesmatina provides the following services:
For gamblers: Place provably fair bets with a 0.8% house edge. For yield farmers: Earn the house edge with a much lower risk than typical DeFi-investments. Both yield farmers and gamblers participate in the BINGOV-airdrop. Additionally, yield farmers earn a 0.5% withdrawal-fee if other yield farmers are withdrawing their deposits.
How we built it
Unlike many other dapps, you can use BinomialPool directly from your wallet without any website. This provides an enhanced security and wallet-compatibility. Nevertheless, we plan to build a growing suite of UI-applications on top of lesmatina
Challenges we ran into
Eliminating all potential smart-contract-vulnerabilities
Accomplishments that we're proud of
Our application works, the frontend has a beautiful design, and, the backend has registration, login, purchase and balance management of the cryptocurrencies.
What we learnedWe learned more about MongoDB, express, postman and JWT, flutter and dio. We exchanged many ideas and knowledge with each other.
What's next for lesmatina
Integrate a withdrawal for cryptocurrencies
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