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Smart Contracts

Megaloandon is built on a robust set of smart contracts, designed to securely manage NFT collateral, loans, and auctions. Key components include:

  • Lending Contracts: Relating to lending and borrowing operations, for lenders and borrower

  • Exchange Contracts: A marketplace connects buyers, sellers and includes unique features like down payment and collateral listing.

  • Auction Contracts: Automate the auction process if a borrower's health factor drops below 1, ensuring transparency and fairness in liquidation events.

  • Oracle Contracts: Oracle contracts gather data from various NFT marketplaces and use algorithms to calculate a final price for NFTs, ensuring objectivity and fairness

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