Qoda Protocol is a DeFi lending and borrowing protocol deployed on Moonbeam Network, featuring:

Qoda tackles the Global Collateral Problem by using two asset tiers: Collateral-Tier Assets and Market-Tier Assets. Tokens allowed as collateral are kept separate from tokens supported in lending/borrowing markets. The collateral-enabled set is intentionally narrow, usually limited to safer, higher-quality assets (such as stablecoins, BTC, ETH, and similar). In contrast, assets that can have lending/borrowing markets launched can be governed with fewer restrictions (and, in later versions, may be fully permissionless).

To solve the Price Discovery Problem, Qoda uses an on-chain orderbook for borrow and lend orders with fixed interest rates and fixed maturities. The prevailing APR for loans reflects the supply and demand submitted by market participants, providing a direct way to determine current interest rates. In addition, the qToken function gives lenders (and borrowers) a way to leave their positions early, so users are not stuck for the entire loan term even though maturities are fixed.