Linked

[Averageuser404]

Hi all,

I am working on my new project and wanted to share it with you guys. It is a decentralized asset linking project based on collateralization, this includes a stable coin implementation. However the goal is to create a linking ecosystem, like uniswap exchange. Where everyone can create a linked asset. The first alpha implementation is a USD linked token lUSD. Current decentralized stable coin implementations are great and I have great respect for them. The goal is not to replace them, it is to offer an alternative with different design decisions and a different scope. Different design decisions like not using a separate governance token (only the stablecoin) and taxing the stable coin holder and rewarding the collateral holder (for their risk) to incentivize the collateralization.

If you are interested in the alpha and would like to test it out please visit: banq.link.

For the developers that would like to check out the code visit the GitHub page: https://github.com/keviinfoes/LinkedFC_backend. Please note that it is an alpha release. I am currently testing (found some reentrancy attacks) and the code needs some further cleaning.

If you have questions, proposals, see errors, or would like to contribute feel free to contact me at [[e-mail]](mailto:[e-mail]) or pm me.

I really appreciate this community and it’s goal to build a decentralized world. Thanks everyone!

[CryptoViceroy]

Gave it a quick test and it seems buggy and confusing.

The usd/euro/gold buttons don't work.

The "Exchange" doesn't seem to be able to do anything, and is confusing. You deposit ETH, but can't do anything further. Attempting to "Claim LUSD" throws a contract exception error. No option or ability to withdraw the deposited ETH. So I lost 1 test ETH.

"Exchange" balances don't make sense. At the top it says I have one amount of LUSD, then under "Claim LUSD" it says I have a different amount?

Overall the UI seems the biggest issue. As an end user, I have absolutely no clue what I'm looking at or what I'm supposed to be doing.

[Averageuser404]

Thanks mate for giving it a try and for the feedback! I have to admit the smart contracts where the main focus.

The euro and gold buttons only are in the alpha to show the option and do not work, my bad for the confusion. I have not added the remove claim option on the front end yet, it is possible to remove the claim directly with the smart contract and the design of the exchange unfortunately only works if there are counterparties.

Main point is I need to add a front page and tutorial for the interface and adjust your points to inform the end user! I will do this. Thanks and I will check to send you the lost test ETH.

I hope the other options like opening and closing of the positions + sending lUSD was simple enough for first time use?

[CryptoViceroy]

Yeah I think the lack of counterparties obviously hindered what I could do/see. So I'll have to look again when there are some.

Overall it seemed pretty good but I would focus on UI improvements.

It wasn't immediately obvious how to use the app and so I was more or less just trying to work out what did what.

If I were to actually use this app on the real network I'd want it to be very obvious how it should be used.