This integration gives Qoda access to a diverse array of on-chain price data, enabling users to deposit collateral, lend, and borrow assets typically unavailable on other fixed-income dApps.

To support a broad range of digital assets on its platform, Qoda requires accurate and real-time data feeds delivered on the Moonbeam network as an oracle smart contract. Hence, the integration of DIA oracles includes:

Live Price Feeds for Digital Assets

Qoda’s smart contracts use DIA’s oracle feeds to obtain up-to-date and accurate price data for a diverse range of assets including ASTR, ACA, and D2O. This ensures the proper accounting of risk and enhances Qoda’s creditworthiness as users must over-collateralize to initiate borrow positions in our markets.

DIA’s oracle feeds provide Qoda with a fully transparent and customizable oracle solution. This arrangement enables Qoda to tailor the feeds to best match their application’s needs and to build resilient price feeds for the selected tokens.

About DIA

DIA redefines oracles on 30+ L1/L2s: Fully customisable, unmet asset coverage, 100% transparent. Enabling new primitives for DeFi, NFTfi and GameFi.

DIA’s data feeds are fully customized with regards to the mix of sources and methodologies, resulting in tailor-made, high-resilience feeds and thereby setting a new paradigm for oracles.

About Qoda

Qoda is a decentralized loan exchange with several key features such as an on-chain order book for lending/borrowing, isolated collateral-tier vs market-tier assets, repayment redemption ratio and many more. These features give users more control and flexibility over their crypto portfolio.

Qoda aims to broaden the spectrum of crypto assets used in lending/borrowing beyond popular assets like USDC, ETH, and BTC. Its pursuit of this goal has led to a fruitful collaboration with DIA, an oracle provider specializing in the creation of reliable price oracles for long-tail assets.

SOURCE:

https://medium.com/dia-insights/partnership-with-qoda-7e8e087b04d

The post Qoda Integrates DIA’s Oracle Feeds appeared first on Smart Liquidity Research.

Key Features:

• On-Chain Orderbook
• Isolated Collateral-Tier vs Market-Tier Assets
• Hybrid Overcollateralized/Undercollateralized Borrowing
• Fixed Interest Rate, Fixed Maturity Loans With Early Exit
• Repayment Redemption Ratio (RRR).

All this gives users more control over their crypto portfolio, more flexibility, and predictability, and the freedom to lend and borrow from a wider variety of different assets.

New features

Along with the launch on Moonbeam, they are adding and updating some functionality.

Native token support. They are currently supporting MOVR token for adding collateral and lending/borrowing on Moonriver. GLMR is supported on Moonbeam as well. More tokens are coming.

Talisman wallet integration. They are happy to announce their dapp integration with Talisman wallet. From now Qoda users are able to use their Talisman wallets as well as Metamask. More wallets are coming.

Multi-network support. From now on, Qoda supports two networks, Moonbeam and Moonriver, using the same familiar design. The network can be selected while connecting to the dapp.

QODA Token

At the moment, they do not have their own token on Moonbeam network. There is no information on whether it will be launched later. They advise users to be careful and remember that any token sales or airdrops announced on third-party resources are fraudulent. Trust only official channels.

Why they are not launching a token: They are focused on developing a lending and borrowing protocol with the ability to set APR and periods by the users themselves. This is the number one priority for them right now.

About Moonbeam

Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications.

The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, create the ideal development environment for building connected applications.

SOURCE:

https://blog.qoda.fi/qoda-is-now-live-on-moonbeam-7fa35c746736

The post Qoda is now launched on Moonbeam appeared first on Smart Liquidity Research.