Software attributes
Other attributes
Soda is a native decentralized lending-borrowing protocol on the Solana platform.
Soda's goal is to provide a lending-loan market for all valuable popular assets and new assets. Soda has also created an on-chain credit scoring system based on the historical behavior of addresses. With these fantastic features, Soda will be the easiest to use and most secure DeFi platform.
Soda Protocol include:
- SodaFi - Lending and Leveraged TradingPlatform
- SodaID - Permissionless Financial Identityfor Web3.0
- SodaDAO - Efficient Decentralized Governance
Audit&Verified by Certik.
Soda ID is an on-chain credit rating system which provide a foundation for application credit loan, airdrop options and governance and maximize the value of users' historical behaviors.
There are many scoring factors in Soda ID credit rating system, and the key factors are total deposit interest and loan interest generated and the amount of historical liquidation. Users with higher credit score will enjoy the increased the maximum LTV, mining incentives and governance voting weight and obtain reduced liquidation lines, fines and service fees.
Soda ID hopes to start from Soda and become an open protocol for industry use. Any other platform can query user behavior statistics and scoring model results.
We list some commonly asked questions here (keep updating):
Q: What is Soda Protocol?
A: Soda Protocol is a lending protocol integrated with credit system Sol ID. Soda aims to break the boundaries of the current DeFi schemes with high scalability and increase the overall on-chain capital efficiency.
Q: Is Soda on Mainnet?
A: Soda will launch on mainnet at 16:00 UTC, 11th Nov.
Q: How can I borrow/lend with Soda?
A: It follows the same procedure as other lending protocols, but with a faster and smoother experience. Please check our doc for details.
Q: When can we experience Sol ID?
A: You will meet the test version of Sol ID in December.
Q: When Token?
A: Stay tuned, we will release more info on Twitter and Medium.
Q: Any airdrop?
A: There will be retroactive airdrop depending on your time-weighted supply and borrow amount. We will also prepare special rewards for community contributors.
Q: May I invest in Soda?
A: For individual investors, IDO will be the best chance. If you are in the behavior of an institution, please contact us directly.
A: It follows the same procedure as other lending protocols, but with a faster and smoother experience. Please check our doc for details.
