Qoda finance

Who is it? What? Where? When? How? Why?”

Everyabout Qoda finance in fews words here.

Qoda finance

Who is it?

built by Geoffrey Tsui and Dhruv Dang, and their teams.

What is Qoda finance?

The Qoda protocol is a DeFi lending/borrowing protocol built on the Moonbeam / Moonriver network which is an Ethereum-compatible network running on the Polkadot / Kusama blockchain.

Moonriver is a parallel network to Moonbeam on Kusama, which is the “cousin” of the Polkadot blockchain.

Where?

Qoda built in Polkadot ecosystem with

• Ethereum Compatibility
• Scalability
• Interoperability
• Shared security : Moonriver, as a parallel network to Kusama, benefits from the shared security of the Kusama network.
• Test and innovation environment : Moonriver being the parallel network of Kusama, it serves as a test environment for projects before moving to Moonbeam and Polkadot.

When?

Right now in Moonriver since 1st february

Qoda finance will launch on 17/05 on Moonbeam.

Others blockchain to be announced.

How?

Qoda finance will have some Key features :

• order book for lending/borrowing
• Collateral-Tier isolated from Market-Tier assets
• Hybrid over/under collateralized borrowing
• Fixed interest rates, fixed maturity loans with early exit
• Redemption and Repayment Ratio (RRR)

We all know that current money market protocols (e.g., Compound, Aave, etc.) have key shortcomings.

Why?

Problem Qoda finance resolve :

• The global collateral problem

These protocols work well for prime assets, but cannot support long-tail assets.

• The price discovery problem

They use a static interest rate curve with no guarantee of an appropriate configuration to reflect real supply and demand.

• The problem of over-collateralization

They only support over-collateralized borrowing, limiting real use cases.

• Qoda Protocol Features

To address these issues, Qoda introduces two asset levels (Collateral-Tier and Market-Tier) and a restrictive list of assets for collateral.

The protocol implements a blockchain order book for price discovery and uses a hybrid under/over collateralized borrowing model.

Unidentified users must deposit collateral, while verified institutional borrowers can borrow with reduced or zero collateral.