THE OPPORTUNITY
As the popularity of NFT-collateralized loans grew, so did the need for Sharky.fi to support high-volume users efficiently. On the Solana blockchain, where transactions are fast and inexpensive, the challenge was not just about processing individual loans but managing them in bulk. Sharky.fi needed a solution that would allow users to perform bulk loaning, repayments, offer revocations, and collections of defaulted NFTs without compromising on speed or user experience.
This was a critical need for the platform’s growth, as the ability to handle bulk operations would make the platform more appealing to power users and increase overall transaction volume
DELIVERABLES
Front-end development
Team consulting
Technical debt reduction
Engineering workflow optimisation
THE SOLUTION
Sharky.fi brought us on board to design and implement a suite of bulk operation features that would drastically enhance the platform’s efficiency and scalability.
Bulk Loaning: We developed a feature allowing users to make multiple loan offers simultaneously, reducing the time and effort required for high-volume lending activities. This was crucial for users looking to maximize their exposure in the marketplace without the hassle of repetitive actions.
Bulk Repayments: For borrowers managing multiple loans, we introduced a bulk repayment feature. This enabled users to repay several loans in a single transaction, streamlining their experience and minimizing the potential for errors.
Bulk Offer Revocations: To give lenders more control, we implemented a bulk revocation feature, allowing users to withdraw multiple offers at once, which is especially useful in volatile markets where quick adjustments are necessary.
Bulk Loan Extensions (Refinancing): Recognizing the need for flexible loan terms, we implemented a bulk loan extension feature. This allows users to refinance multiple loans in a single transaction, providing both lenders and borrowers with the ability to adjust loan terms efficiently, ensuring better management of ongoing loans.
THE IMPACT
The introduction of bulk operations has significantly enhanced Sharky.fi’s platform by:
Increased Transaction Efficiency: By enabling high-volume transactions to be handled in bulk, the platform now supports power users more effectively, reducing operational friction and time spent on repetitive tasks.
Improved User Experience: Users benefit from a smoother, more intuitive interface that allows them to manage multiple transactions with ease, making the platform more attractive to both lenders and borrowers.
Scalability for Growth: The platform is now better positioned to scale as it attracts more users, particularly those who require high-volume transaction capabilities. This positions Sharky.fi to continue growing within the competitive NFT lending space.
