QODA : MOONBEAM MARKETPLACE FOR LEND & BORROW
Qoda is a collateralized lending/borrowing protocol for fixed rates and fixed maturities. Qoda enables collateralized borrowing and lending of crypto assets at fixed interest rates for fixed periods, where terms are set by the users themselves.
Marketplace For Interest Rates
Qoda protocol makes lending and borrowing possible via Markets. Each Market is its own separate orderbook defined by two characteristics: The token which the loan will be denominated in and its maturity date. Interest rates are set by you, the users. Publish Quotes into Qoda, indicating what APR you want to lend or borrow at, for what size, and for how long. Alternatively, browse the list of existing Quotes to find the terms that suit your needs.
Altcoin Loans
Qoda focuses on altcoin denominated loans. Get enhanced, predictable, fixed interest yields on your long-term HODLs. Hedge or short your crypto exposure by borrowing and selling tokens at a fixed cost of borrow. Because of the increase in efficiency of price discovery and capital allocation with the Marketplace model, Qoda can give a better offering of lending/borrowing in various parachain tokens. This means more opportunity to earn fixed yield or borrow at a fixed cost for your tokens in the Polkadot ecosystem.
Fixed Rates & Returns
Fixed interest rates are the basis of developed interest rates market. In traditional finance, fixed interest rates are overwhelmingly preferred by users over floating interest rates. The reason for this is fixed rates means reduced volatility. Lenders want stable yield, and borrowers want predictable cost of borrow. Lend or borrow without worrying about the underlying rates moving from underneath you.