🍃Introduction to Bodh
Decentralized algorithmic Money Market (Lending Protocol) on Boba Network
Last updated
Decentralized algorithmic Money Market (Lending Protocol) on Boba Network
Last updated
Bodh is a Decentralized liquidity market protocol, built on Boba. Bodh Finance enables users to effortlessly lend, borrow, and earn interest with their crypto assets. Depositors provide the liquidity in the protocol to earn passive income, while the borrowers, borrow from the market in an over-collateralized manner.
As most of DeFi's activity is currently conducted on Ethereum, the network has started to experience congestion problems that have resulted in high network fees. This has proven to be a significant barrier for both old and new users with smaller capital to justify engaging in DeFi. Bodh Finance aims to solve this issue by keeping the same layer of security. Ethereum rollups have almost the same security as L1 and they are highly scalable and cheap. Boba Network is an optimistic rollup with some novel UX enhancements:
Rapid L2->L1 exits (without 7 days delay).
Supports native $ETH instead of WETH.
Community-run fraud-detector allows transactions to be independently verified by anyone.
Boba lets you move 2-4 coins from L1 to L2 and vice versa at the same time.
Bodh brings an essential DeFi lego to the Boba ecosystem. It unlocks powerful applications like margin trading, yield farming, and many more through seamless lending & borrowing experience.
Bodh Finance has a very simple and easy-to-use user interface.
Check out the demo video 👇🏻
No protocol within the blockchain space can be considered entirely risk-free. The risks related to the protocol may potentially include Smart Contract risks and Liquidation risks. The team has taken the necessary steps to minimize these risks as much as possible.
