How to Start the DeFi Lending and Borrowing Platform on Zether ZTH Network

The rapid evolution of blockchain technology has opened new avenues for decentralized finance (DeFi), empowering users with innovative solutions for lending, borrowing, and managing assets.

Deploying a DeFi lending and borrowing platform on the Zether Network brings significant benefits to both developers and the Zether community.

This guide will walk you through setting up the repository, customizing the platform, and optimizing it for Zether’s ecosystem. By leveraging Zether’s unique features and the platform’s potential, this initiative promises to drive adoption, enhance liquidity, and grow the ecosystem.

Welcome to Zether
EVM-Compatible Layer 1 Blockchain with Proof of Work Consensus
Powered by Miners, Driven by Decentralization — Welcome to Zether EVM-Compatible Layer 1 Blockchain with Proof of Work Consensus Powered by Miners, Driven by Decentralization

This guide will help you to get started configuring DeFi-Lending-and-Borrowing DApp by Parasgr7.

It is a DeFi Lending platform which lets you lend, borrow crypto assets and helps you earn some passive income as interest on your deposits.

A full stack, fully-onchain DeFi app that enables users to supply tokens to the contract and are rewarded with some customly made ERC20 token (LAR) based on the amount of token they supply and also allows users to borrow tokens from it.

Step 1: Setting Up

Clone the Repository
Run the following command to clone the repository

git clone https://github.com/Parasgr7/Defi-Lending-Borrowing.git
cd Defi-Lending-Borrowing
Code language: PHP (php)

Install Dependencies
Ensure you have Node.js, Truffle, and Ganache installed. Then install the required dependencies:

npm install

Environment Configuration
Create a .env file in the root directory and add placeholders for your private keys, RPC URLs, and any necessary API keys. Just an example:

PRIVATE_KEY=your_wallet_private_key
INFURA_PROJECT_ID=your_infura_project_id

Compile and Deploy Contracts

Compile the smart contracts:

truffle compile

Deploy contracts to the Zether network (setup detailed in Step 2).

Step 2: Switching to Zether Network

Update Network Configuration
Open the truffle-config.js file and add a new network configuration for Zether:

zether: {
  provider: () => new HDWalletProvider(process.env.PRIVATE_KEY, "https://rpc.zether.org/"),
  network_id: 715131, // Zether Chain ID
  gas: 5000000,
  confirmations: 2,
  timeoutBlocks: 200,
  skipDryRun: true
}
Code language: JavaScript (javascript)

Deploy Contracts to Zether
Use the Truffle CLI to deploy your contracts:

truffle migrate --network zether

Verify the Deployment
Use the Zether block explorer (zthscan.com) to ensure contracts are deployed correctly.

Step 3: Customizing the Repository

UI/UX Customization

Modify the front-end files to match your branding. Update the design using Tailwind CSS.
Update content like platform names, logos, and descriptions.

Token and Collateral Support

Add or modify supported ERC20 tokens in the smart contracts. Ensure they are compatible with the Zether token standards.
Update contract addresses in the front-end configuration.

APY and Collateral Logic
Adjust the APY rates or collateral ratio by modifying logic in the relevant Solidity contracts.

Redis Configuration
Ensure Redis is set up and running for managing real-time updates and state.

Benefits for the Zether Ecosystem

Increased Utility: Provides a DeFi solution, boosting Zether’s adoption as a financial services platform.

Token Demand: Drives demand for Zether (ZTH) as collateral and for gas fees.

Ecosystem Growth: Attracts more developers and users to explore DeFi opportunities within the Zether network.

Promoting the Platform

Community Engagement
- Share announcements and updates on the Zether Discord and Telegram channels.
- Offer incentives for early users, like airdrops or reduced fees.
Collaborations with Z1Swap
- Submit a request to list your platform on Z1Swap (Zether’s token trading DApp).
- Ensure liquidity by adding supported tokens to Z1Swap pools.
Content Marketing
- Create guides, tutorials, and case studies demonstrating the platform’s value.
- Publish posts on Zether-related forums, X channel and other crypto-related platforms.

Final Word

Launching a DeFi lending and borrowing platform on Zether is more than a technical achievement — it’s a step toward strengthening the Zether (ZTH) ecosystem. This platform enhances utility, attracts more users, and fosters community engagement.

Promote the platform within the Zether Discord community to gain visibility, collaborate with community developers, and incentivize users with early adopter benefits.

Listing your project on Z1Swap, Zether’s token trading DApp, will amplify your reach by integrating token liquidity and encouraging user participation. Together, these efforts will solidify Zether’s position as a thriving blockchain ecosystem.

Let me know if you’d like me to refine or expand any sections!

Links:

Official Zether.org website: https://zether.org/

Official Zether.org bridge: https://zether.org/bridge/

Z1Swap DEX on Zether: https://z1swap.com/ & https://info.z1swap.com/

ZTH Block explorer: https://zthscan.com/

Zether Community Mining Pool: https://pool.zether.cloud/

Zether Community Asian Mining Pool: https://asia.zether.cloud/

Join the pool.Zether.Cloud discord server: https://discord.gg/czVX6VqYRZ