Introducing Bodh: Lending protocol on Boba Network
Bodh is a decentralized protocol that establishes money markets with algorithmically set interest rates based on supply and demand. This will allow users to lend and borrow assets on Boba Network.
Why Boba?
Apart from inheriting the decentralization and security of Ethereum. Boba network is an optimistic rollup with great UX:
- 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.
Hence, we believe Boba can become DeFi and the NFT execution layer for web3. This will increase the necessity of having a decentralized money market protocol on Boba. Bodh will fill this gap by allowing users to lend and borrow their assets with very limited risk. Initially, we are using Witnet oracle for our testnet version.
What’s next?
We have a lot more exciting news for you these upcoming weeks. Stay connected with us to get the latest updates!
