Stop PLAYING!
Imagine this...
Being able to trade the crypto market with unlimited capital.
Start trading DeFi like a whale, and stop earning peanuts!
Borrow and lend crypto assets on your terms with @QodaFinance
Imagine this...
Being able to trade the crypto market with unlimited capital.
Start trading DeFi like a whale, and stop earning peanuts!
Borrow and lend crypto assets on your terms with @QodaFinance
What is Qoda Finance?
Qoda Finance is a DeFi lending and borrowing platform built on the Moonbeam network.
DeFi = Decentralized finance.
Qoda Finance uses an order book style to carry out lending and borrowing of digital assets.
Why? Why do we need another Defi loan platform?
Qoda Finance is a DeFi lending and borrowing platform built on the Moonbeam network.
DeFi = Decentralized finance.
Qoda Finance uses an order book style to carry out lending and borrowing of digital assets.
Why? Why do we need another Defi loan platform?
To answer this question, let's take a look at the existing money market protocols.
The truth is...
There are 3 hidden problems with existing money market protocols :
▫️ The Global collateral problem: Money market protocols like Compound, work perfectly for blue-chip assets.
The truth is...
There are 3 hidden problems with existing money market protocols :
▫️ The Global collateral problem: Money market protocols like Compound, work perfectly for blue-chip assets.
However, they don't support long-tailed assets because...
Any single asset that is supported, poses a systemic risk to the entire system if it collapses.
▫️ The Discovery problem: Existing money market protocols use a special way to decide...
Any single asset that is supported, poses a systemic risk to the entire system if it collapses.
▫️ The Discovery problem: Existing money market protocols use a special way to decide...
...how much interest people pay when they borrow money.
This special way is based on a line that shows different interest rates.
The rates change based on how many people are borrowing and lending assets in the market.
This special way is based on a line that shows different interest rates.
The rates change based on how many people are borrowing and lending assets in the market.
▫️ Overcollateralization problem: Overcollateralization means providing more assets or value than required to secure a loan.
In a trustless defi ecosystem, over-collateralization is a necessity, but...
In a trustless defi ecosystem, over-collateralization is a necessity, but...
It is rarely used because it only works optimally when people want to borrow money during the bull market.
...usually for the purpose of leverage trading.
How then does the Qoda protocol solve these problems?
Here is the deal...
...usually for the purpose of leverage trading.
How then does the Qoda protocol solve these problems?
Here is the deal...
- To solve the global collateral problem, Qoda has come up with two tiers of assets :
▪️ Collateral tier assets: low-risk, high-caliber assets (Stablecoins, BTC, ETH).
▪️ Market tier assets: more permissive assets enabled for lending/borrowing markets.
▪️ Collateral tier assets: low-risk, high-caliber assets (Stablecoins, BTC, ETH).
▪️ Market tier assets: more permissive assets enabled for lending/borrowing markets.
- To solve the price discovery problem, Qoda uses an on-chain order book of:
▪️ Fixed interest rate.
▪️ Fixed maturity borrow/lend orders.
Qoda's qToken feature allows lenders (and borrowers) the flexibility to exit early from their loans.
▪️ Fixed interest rate.
▪️ Fixed maturity borrow/lend orders.
Qoda's qToken feature allows lenders (and borrowers) the flexibility to exit early from their loans.
- To address the over-collateralization problem, Qoda uses a hybrid under/over-collateralized borrowing model.
Unpermissioned anonymous users must deposit collateral before they can borrow.
Verified, credit-accessed institutional borrowers can borrow with reduced or zero...
Unpermissioned anonymous users must deposit collateral before they can borrow.
Verified, credit-accessed institutional borrowers can borrow with reduced or zero...
...collateral.
Hey, guess what?
🔸 Benefits of Qoda Finance.
▪️ There is no collateral deposit required from users that choose to lend on Qoda.
▪️ Qoda Finance allows users to exit early from their loans with the qToken feature.
Hey, guess what?
🔸 Benefits of Qoda Finance.
▪️ There is no collateral deposit required from users that choose to lend on Qoda.
▪️ Qoda Finance allows users to exit early from their loans with the qToken feature.
▪️ As a lender, uncollateralized borrowers get to pay you higher APRs.
▪️ Users receive rewards from trading and staking on the protocol.
🔸 Real-Life Use Cases of Qoda Finance
To illustrate the use case of the Qoda protocol, I'll use the following two examples :
▪️ Users receive rewards from trading and staking on the protocol.
🔸 Real-Life Use Cases of Qoda Finance
To illustrate the use case of the Qoda protocol, I'll use the following two examples :
1⃣ Lending:
Paul is a profitable Defi trader.
He uses the Qoda marketplace to lend out his $QODA tokens to other users.
He earns a fixed interest from his loans, and guess what?
He can still execute trades despite lending out his assets!
How?
Paul is a profitable Defi trader.
He uses the Qoda marketplace to lend out his $QODA tokens to other users.
He earns a fixed interest from his loans, and guess what?
He can still execute trades despite lending out his assets!
How?
Through qTokens.
qTokens are minted to Paul as a receipt when he lends out his $QODA tokens.
Advantages of QODA tokens:
-> Flexibility of greater capital allocation efficiency.
Without qTokens, Paul would have had to wait for the return of his funds and interest.
qTokens are minted to Paul as a receipt when he lends out his $QODA tokens.
Advantages of QODA tokens:
-> Flexibility of greater capital allocation efficiency.
Without qTokens, Paul would have had to wait for the return of his funds and interest.
-> qTokens help to keep track of the value of future cash flow.
-> qToken is a mechanism that allows users to exit early from their loans.
The early exit feature is what enables Paul to exit a 1-year loan even before expiration.
What! How?
-> qToken is a mechanism that allows users to exit early from their loans.
The early exit feature is what enables Paul to exit a 1-year loan even before expiration.
What! How?
Qoda protocol treats lending and borrowing as inverse functions.
Paul has lent to the market and can reverse it anytime by borrowing the equivalent amount.
Hence, he can take advantage of trade opportunities profitably.
How about if Paul wants to borrow a loan?
Paul has lent to the market and can reverse it anytime by borrowing the equivalent amount.
Hence, he can take advantage of trade opportunities profitably.
How about if Paul wants to borrow a loan?
2⃣ Borrowing:
Remember the Qoda marketplace?
Paul can use the Qoda marketplace to borrow, but...
He has to deposit collateral first.
The uniqueness of this collateral model is that...
Remember the Qoda marketplace?
Paul can use the Qoda marketplace to borrow, but...
He has to deposit collateral first.
The uniqueness of this collateral model is that...
Paul can use the Qoda mToken feature to automatically earn interest on his deposited collateral via the Moonwell protocol.
Wait!
Loans should always be paid back promptly.
But, check this...
Wait!
Loans should always be paid back promptly.
But, check this...
Paul can lend out the equivalent amount he borrowed in the same market.
This cancels out the loan (Early exit)
OR,
Paul can choose to pay back his loan by the maturity date.
Else,
His account gets liquidated and his collateral is seized to repay the loan.
This cancels out the loan (Early exit)
OR,
Paul can choose to pay back his loan by the maturity date.
Else,
His account gets liquidated and his collateral is seized to repay the loan.
🔸 Qoda Tokenomics
$QODA is the native token of the protocol.
It has a fixed, fully diluted, and non-inflationary of 1,000,000,000 tokens.
$QODA token has no utility but can be staked for veQODA.
veQODA is the unit of measure for staking activity on Qoda.
$QODA is the native token of the protocol.
It has a fixed, fully diluted, and non-inflationary of 1,000,000,000 tokens.
$QODA token has no utility but can be staked for veQODA.
veQODA is the unit of measure for staking activity on Qoda.
It is inspired by the tokenomics at Platypus Finance.
Its main goal is to incentivize long-term staking for users without explicitly locking users into staking for a minimum timeframe.
Properties of veQODA:
Its main goal is to incentivize long-term staking for users without explicitly locking users into staking for a minimum timeframe.
Properties of veQODA:
-> They accrue in real-time at a rate of 0.00004 veQODA per 1 QODA token staked per block.
-> If you stake $QODA tokens, you lose all your earned veQODA tokens.
-> It has a max cap of 100 veQODA rewards for each 1 $QODA staked.
-> veQODA tokens are non-transferable.
-> If you stake $QODA tokens, you lose all your earned veQODA tokens.
-> It has a max cap of 100 veQODA rewards for each 1 $QODA staked.
-> veQODA tokens are non-transferable.
Benefits of veQODA tokens:
-> Right to claim protocol fees, denominated in $GLMR.
-> Right to claim issuance of new $QODA tokens.
-> Governance/DAO voting rights.
But, that's not all...
-> Right to claim protocol fees, denominated in $GLMR.
-> Right to claim issuance of new $QODA tokens.
-> Governance/DAO voting rights.
But, that's not all...
The QODEX token is the Qoda Finance token for community incentives and treasury.
It has a total supply of 10,000,000 QODEX tokens on Moonriver.
It is allocated thus:
▪️ 95% for Community (Ambassador, Trading, and staking rewards).
▪️ 5% for Treasury.
It has a total supply of 10,000,000 QODEX tokens on Moonriver.
It is allocated thus:
▪️ 95% for Community (Ambassador, Trading, and staking rewards).
▪️ 5% for Treasury.
🔸 Rewards and Incentives
- Trading Rewards: For being an active trader on Qoda, you receive $QODA tokens for successfully borrowing and lending on the platform.
- Staking Rewards: For choosing to stake $QODA tokens veQODA token holders receive...
- Trading Rewards: For being an active trader on Qoda, you receive $QODA tokens for successfully borrowing and lending on the platform.
- Staking Rewards: For choosing to stake $QODA tokens veQODA token holders receive...
... a total percentage of their veQODA balance relative to the total veQODA token supply.
🔸 Roadmap
Qoda Finance has successfully achieved a series of milestones on its roadmap.
This is a strong indication of the project's commitment and dedication to its goals.
🔸 Roadmap
Qoda Finance has successfully achieved a series of milestones on its roadmap.
This is a strong indication of the project's commitment and dedication to its goals.
Here is an official link to the extensive roadmap.
docs.qoda.fi
🔸 Concluding Remarks.
Qoda is built by Enso Labs, a web3 consultancy.
The core team is well experienced in the financial markets as well as in the software development space.
docs.qoda.fi
🔸 Concluding Remarks.
Qoda is built by Enso Labs, a web3 consultancy.
The core team is well experienced in the financial markets as well as in the software development space.
Meet the team:
▫️ Geoffrey Tsui: Co-founder
▫️ Dhruv Dang: CO-founder
▫️ Dwayne Crooks: Senior Software Engineer
▫️ Charles Lin: Senior Software Engineer
▫️ Nduati Kuria: Software Engineer
▫️ Serhii Krutko: Community Manager
In conclusion:👇
▫️ Geoffrey Tsui: Co-founder
▫️ Dhruv Dang: CO-founder
▫️ Dwayne Crooks: Senior Software Engineer
▫️ Charles Lin: Senior Software Engineer
▫️ Nduati Kuria: Software Engineer
▫️ Serhii Krutko: Community Manager
In conclusion:👇
Qoda protocol as a defi lending and borrowing platform, stands out from other money market protocols via its unique five features:
- On-Chain Orderbook For Lending/Borrowing
- Isolated Collateral-Tier vs Market-Tier Assets
- On-Chain Orderbook For Lending/Borrowing
- Isolated Collateral-Tier vs Market-Tier Assets
Nothing in this thread is financial advice, this is purely educational content.
If you've found value in this thread, do well to:
- Give me a follow as I post content like this often.
- Like and Rt the first tweet for more exposure.
Also:
If you've found value in this thread, do well to:
- Give me a follow as I post content like this often.
- Like and Rt the first tweet for more exposure.
Also:
- Follow @QodaFinance for more updates.
- Follow @paulchristain__ for educational DeFi content too!
Here are other DeFi educators to follow for premium content:
@david_choya
@enicrypt
@VanessaDefi
@thelearningpill
@Only1temmy
- Follow @paulchristain__ for educational DeFi content too!
Here are other DeFi educators to follow for premium content:
@david_choya
@enicrypt
@VanessaDefi
@thelearningpill
@Only1temmy
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