Join us on Chainlink Live for a video Q&A with Loda. Loda is a custodial lending platform where users deposit cryptocurrency and open an instant credit line with a credit limit determined by the value of the deposit. Once the process is complete, cash or stablecoins are deposited in the user’s nominated bank account, where they are free to start using it in everyday life. Loda supports today’s top cryptocurrencies as collateral, and uses Chainlink Price Feeds to determine the value of the collateral deposited.
Loda using Chainlink Price Feeds merges DeFi and CeFi by combining the surety and security of Loda’s custodial solution with an on-chain decentralized technology. The result is Loda establishing higher transparency and manipulation resistance guarantees around the price data determining key processes while still retaining strong data quality and availability guarantees.
Featuring: Dion Dalton-Bridges, Founder & CEO at Loda
Loda: https://www.loda.finance/ Loda Twitter: https://twitter.com/loda_fi Loda Blog: https://www.loda.finance/blog/
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.
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