What is Qoda Finance? Qoda Finance is a Lending & Borrowing platform built and oriented towards multichain with diverse products. So, if Qoda Finance has anything interesting, let’s find out in the article below.
To understand more about Qoda Finance, people can refer to some of the articles below:
- What is Lending & Borrowing? The Essential Borrowing and Lending Puzzle in DeFi
Qoda Finance Overview
What is Qoda Finance?
Qoda Finance is a Lending & Borrowing platform built and developed by multichains such as Moonbeam, Moonriver and Arbitrum. Some of the outstanding products that Qoda Finance provides to users include:
- On-Chain Orderbook: On-chain order book to match lending/asset borrowing needs.
- Isolated Collateral-Tier and Market-Tier Assets: Classification of mortgaged assets.
- Hybrid Overcollateralized and Undercollateralized Borrowing: Multi-collateralized hybrid loans and Super mortgages.
- Fixed Interest Rate: Fixed interest rate
- Repayment Redemption Ratio: Self-repaying loans.
The problem is posed
From the initial stages of Lending & Borrowing protocols to now, there are a number of problems such as:
- If new assets added to the protocol have problems, they can affect the entire liquidity pool and cause negative reactions to the entire system.
- The interest rate curve may not accurately reflect actual borrowing/lending demand.
- Lending & Borrowing platforms only support overcollateralization cases. This demand will decrease a lot when the market goes into a downtrend and it is not suitable for all users.
To solve the problem, Qoda Finance offers a number of solutions as follows:
- Qoda divides collateral into 2 levels including Collateral Tier Assets and Market Tier Assets. That means there are only certain types of mortgage assets, but the assets that can be borrowed are more diverse. Only Blue chip assets such as Stablecoin, BTC, ETH,… can be used as collateral.
- To address the interest rate curve, Qoda deployed an On-chain Orderbook to build a lending/borrowing market with fixed interest rates. Besides, Qoda allows users to repay debt early.
- To solve the overcollateralization problem, Qoda uses a hybrid under/overcollateralization model. Qoda allows KYC-approved organizations to borrow with little or even no collateral, but in exchange for higher interest rates.
Development Roadmap
Update…
Core Team
Dhruv Dang: CEO
- Dhruv earned a Bachelor’s degree in Finance, Marketing and Management from Stockholm University.
- Dhruv worked as a Senior Software Engineer at Change.org, Project6 Design, CrossFit, Apple, Symphony Communication Services Holdings, Sole Proprietor,…
- Before being CEO at Qoda Finance, Dhruv also worked as CEO at Steadily – decentralized finance software for on-chain protocols and businesses.
Investor
- Qoda Finance calls for capital from a number of famous investment funds such as Blue7, Sanctor Capital, LongHash Ventures, C2 Ventures,…
Tokenomics
Information about Qoda Finance tokens
Update…
Token Allocation
- Treasury: 5%
- Staking Reward: 30%
- Trading Reward: 60%
- Ambassador Program & Airdrop: 5%
Token Use Case
Update…
Exchanges
Update…
Project Information Channel
Summary
Qoda Finance project will return to the Arbitrum ecosystem to regain its position. Hopefully through this article, everyone can understand more about what Qoda Finance is?
