What is a SmartDeposit?
A SmartDeposit locks your deposit money into a smart contract in order to gain interest during the time you live in your rental apartment.
How does it work?
1. Deposit will be locked into a smart contract
2. Deposit to be paid in stable coins or fiat
3. Locked money will be used for staking in order to earn low, but steady interest rates
4. Money will be automatically to the landlord and tenant after the tenant moves out
Where does a SmartDeposit add value?
Investment approach - staking
Deposits are held in stable coins and are exclusively used for crypto staking.
-What is staking - A nearly risk-free way to achieve steady returns on the DeFi market by providing assets to the issuer of the crypto currency which are required for the creation of new coins (proof of stake).
-What is a stable coin - A crypto coin which is linked 1-1 to a fiat currency (i.e. US Dollar) and can´t fluctuate in its valuation This adds substantial security to an investment as they are not affected by crypto market volatility.
Monetization model
An amount of interest to a certain threshold could be guaranteed, while the exceeding amount goes to the issuer of the smart contract.
User Experience
Why using Blockchain technology?