Decentralized Basic Income: Creating Wealth with On-Chain Staking and Fixed-Rate Protocols
https://www.youtube.com/watch?v=tCjjSRyMwBA
When someone deposits $ONE into the platform, they will send $ONE and receive in exchange another coin ($ubONE)
Similarly, when some withdraws, they will send $ubONE and receive back $ONE
As time goes by, the amount of $ubONE will increase based on the interest rates
Based on this, the user interface should at anytime show the interest rate (APR%,) the amount of (undeposited) $ONE available in the user's connected wallet, the current amount of the deposited $ONEs and the number of $ubONE in the users wallet
Deposit
Users enter the web app and connect their metamask wallet
Once connected they should see their current balance in $ONE and decide how much they want to deposit for Fixed Income and type it in a field
Once typed the amount to be deposit, a button "Deposit" should be clicked and the deposit will come through
Withdraw
Users enter the web app and connect their metamask wallet
Once connected they should see their current balance in $ubONE and decide how much they want to withdraw and type it in a field
Once typed the amount to be deposit, a button "Withdraw" should be clicked and the withdraw will be processed