We are excited to announce that d2o, a native stablecoin on Moonbeam, is now available as collateral on Qoda Finance, a new fixed interest rate lending protocol where users set their own terms.
This is great news for defi users looking to forgo interest rate volatility, and lock-in fixed rates for their borrowings.
With the ability to use d2o as collateral on Qoda, d2o holders can deposit d2o to borrow USDC.wh, GLMR, or xcDOT if they are seeking extra exposure to those assets.
If you’re looking to deposit d2o into Qoda, there are several ways to obtain it:
- Mint it on Ethereum and teleport it to Moonbeam — https://app.dam.finance/
- Swap it from any SquidRouter supported network — https://app.squidrouter.com/
- Swap it for any other asset on Moonbeam via BrainDEX (https://www.braindex.io/swap?network=moonbeam) , Curve (https://curve.fi/#/moonbeam/pools/factory-v2-18/deposit) , or StellaSwap (https://app.stellaswap.com/pulsar)
An example of how d2o holders can use Qoda:
- Deposit d2o as collateral
- Create a Borrow Quote in one of the supported asset markets (e.g. GLMRSEP23) market to borrow GLMR on their terms, or use a quick borrow to get an average rate from the protocol.
- Once the quote/trade has been filled, use your borrowed GLMR to participate in Moonbeam defi to earn more GLMR (e.g. GLMR staking, providing liquidity to the d2o <> GLMR Pulsar pool on Stella Swap).
4a. Repay your loan with additional GLMR earned before maturity on Qoda.
4b. OR, Roll your loan to the next market by borrowing what you need in GLMRDEC23 (once it’s live) and repaying the position in the GLMRSEP23 market. This allows you to keep your levered exposure indefinitely for boosted rewards (as long as you are collateralized enough on Qoda).
We encourage users to explore the various options available on Qoda and consider whether it makes sense for them to take advantage of its unique platform.
This is not financial advice, always do your own research.
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About Qoda:
Qoda Protocol is a decentralized loan exchange with several key features:
- On-Chain Orderbook
- Isolated Collateral-Tier vs Market-Tier Assets
- Fixed Interest Rate, Fixed Maturity Loans With Automatic Position Netting and Early Exit.
These features give users more control and flexibility over their crypto portfolio. Qoda’s users have the freedom to lend and borrow across a wide variety of assets fully on-chain.
About DAM:
DAM is an omnichain stablecoin protocol between sovereign networks. DAM’s first decentralized application is d2o, a stablecoin collateralized by USDC on Ethereum, and teleported to destination networks as a native asset through a mint-and-burn architecture.
