NZDD Innovation Challenge
Swift NZDD
We built a decentralized P2P marketplace for exchanging NZDD with stablecoins like USDC and USDT. This is to address the problem: NZDD faces low liquidity due to its small supply (~200,000 NZD) and high slippage in AMM pools, making it difficult to swap with USD stablecoins. To address this, we must:
1. Incentivize Holding – Encourage more users to hold NZDD.
2. Improve Liquidity – Motivate users to supply NZDD to AMM pools for seamless swaps with low slippage.
The first step is creating a P2P trading platform focused on USDT/NZDD and USDC/NZDD trades. By enabling direct trades with minimal fees—unlike AMMs (high slippage) or Easycrypto (high fees)—we enhance accessibility and liquidity. This makes obtaining and selling NZDD more viable, ultimately strengthening its role in NZ’s financial ecosystem. By increasing NZDD liquidity and accessibility, we enable fast, low-cost value transfers between NZ and global markets. A robust NZDD ecosystem bridges traditional finance and decentralized markets, unlocking seamless, borderless transactions across financial systems.
How it was built
We built our project using React for the frontend, creating a clean, user-friendly interface and an intuitive trading experience. We leveraged MUI (Material-UI) to design a responsive and modern UI, enhancing usability and accessibility.
For blockchain integration, we used Wagmi and Ethers.js to seamlessly connect wallets and interact with smart contracts, ensuring secure, trustless transactions. Our platform enables users to trade without intermediaries by utilizing smart contracts, deployed and tested using Hardhat.
Although we didn’t reach a fully functional final product, with more time, we could refine the system further, optimizing smart contract interactions and enhancing the user experience. content and make sure to add any relevant details or information that you want to share with your visitors.
