# Meet Ogma

By [Ogma Finance](https://paragraph.com/@ogmafinance) · 2023-07-06

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Welcome to the launch of Ogma Finance, the most versatile liquidity protocol for lending and borrowing.

Ogma is built on Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly built to bring the next billion users to web3.

**Why Base?**

Base’s fast finality times and low gas fees offer Ogma the ideal conditions to make lending and borrowing more user-friendly and financially accessible than ever before.

We plan to keep growing together with Base.

**How it Works**
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You can deposit your crypto in Ogma to earn income, and borrow crypto using your deposits as collateral.

On top of its basic use-case, Ogma has many innovative features designed to maximize capital efficiency and minimize liquidity risk.

**Features**
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Ogma is the first liquidity protocol to tokenize four different asset positions, which greatly improves composability.

This means you have the option for deposited tokens to not be lent out and/or be used as collateral to minimize your liquidity risk.

**Testnet Launch**
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Complete the [form](https://bit.ly/ogmatestnet) to be the first!

**Join Ogma**
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Together, we're building a project with a friendly and strong community.Join our [Discord](https://discord.gg/vjtKBtRQ) and become a part of our journey!

We are already waiting for you!
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*Originally published on [Ogma Finance](https://paragraph.com/@ogmafinance/meet-ogma)*