What is Qoda ?

Qoda is new lending/borrowing Protocol built on Moonbeam, differentiating itself with three key features :

+ Fixed interests rate and fixed maturity dates

+ Using Marketplace Model

+ Focus on Alt-coin denominated loans

Why are these features matter ?

1.Fixed Interest rate

Fixed interest rate is the basis of developed interest rates market. Not only because it reduces volatility for both users and lenders, but also enable to construct a new Defi primitive : the Crypto yield curve. Due to all these benefits, demand for fixed interest rates is proven to be far higher than for floating rates. However, current state of Defi is upside down ! Floating rate protocols, such as AAVE and Compound, are dominated Defi lending/borrowing platforms, while fixed rates are hardly seen anywhere. This is why Qoda decided to launch, with an aim to take back the dominance of fixed rates protocols in Defi.

2.Marketplace model

Current lending/borrowing protocols often use AMM-style liquidity pools, but this is a huge challenge when applying to fixed interest rates protocols. This is why Qoda decided to implement its own model : marketplace-style model similar to an orderbook. With this, Users will be able to submit Quotes, or gasless limit orders, detailing whether they are a borrower or lender, how much they want to borrow or lend, at what APY, and for how long. Conversely, users can also browse the marketplace for existing Quotes and pick the one that suits their needs. This type of model has an ultimate goal : changing the users mindset of thinking of interest rates as a tradeable product in and of itself.

3.Altcoin Loans

There are many, many protocols that allow users to borrow/lend altcoins these days. But, there is no protocol out there that offer fixed interest rate for the borrowing/lending of altcoins. Why? Because there are so much risks due to altcoin’s high volatility. This is when Qoda stands above the rest !

With all of these wonderful features combine, and the potential of the project itself, Qoda sure will bring about the next step of fixed income solution for the DeFi world.

What is Qoda ?

Qoda is new lending/borrowing Protocol built on Moonbeam, differentiating itself with three key features :

+ Fixed interests rate and fixed maturity dates

+ Using Marketplace Model

+ Focus on Alt-coin denominated loans

Why are these features matter ?

1.Fixed Interest rate

Fixed interest rate is the basis of developed interest rates market. Not only because it reduces volatility for both users and lenders, but also enable to construct a new Defi primitive : the Crypto yield curve. Due to all these benefits, demand for fixed interest rates is proven to be far higher than for floating rates. However, current state of Defi is upside down ! Floating rate protocols, such as AAVE and Compound, are dominated Defi lending/borrowing platforms, while fixed rates are hardly seen anywhere. This is why Qoda decided to launch, with an aim to take back the dominance of fixed rates protocols in Defi.

2.Marketplace model

Current lending/borrowing protocols often use AMM-style liquidity pools, but this is a huge challenge when applying to fixed interest rates protocols. This is why Qoda decided to implement its own model : marketplace-style model similar to an orderbook. With this, Users will be able to submit Quotes, or gasless limit orders, detailing whether they are a borrower or lender, how much they want to borrow or lend, at what APY, and for how long. Conversely, users can also browse the marketplace for existing Quotes and pick the one that suits their needs. This type of model has an ultimate goal : changing the users mindset of thinking of interest rates as a tradeable product in and of itself.

3.Altcoin Loans

There are many, many protocols that allow users to borrow/lend altcoins these days. But, there is no protocol out there that offer fixed interest rate for the borrowing/lending of altcoins. Why? Because there are so much risks due to altcoin’s high volatility. This is when Qoda stands above the rest !

With all of these wonderful features combine, and the potential of the project itself, Qoda sure will bring about the next step of fixed income solution for the DeFi world.