What is FODL?

Mission

FODL's mission is to revitalize the DeFi space by bringing classically complex financial instruments to the masses. FODL's approach to derivatives allows users to self-custody their funds while being exposed to on-chain leverage features, enabling true self-stewardship of trades.

Welcome to FODL

The FODL platform combines several money "legos" of the DeFi ecosystem - flash loans and collateral lending platforms, combined with proprietary position protection bots and cross-asset price indexing - to build a fully decentralized leverage trading platform.

FODL enables traders to utilize leverage for their trades without paying a funding rate. This leverage is derived from existing DeFi building blocks, Compound and Aave. In essence, traditional DeFi borrow/lend platforms are turned into money markets providing users with leverage by margining your assets to yourself. Our motto is: Be your own funding rate!

Additionally, FODL follows a decentralized ethos of transparency, low fees, user autonomy and distributed revenue distribution. All positions and calculations are handled on-chain using live market data, users maintain the keys to their positions and do not send funds to a central pool, or protocol, and FODL fee revenue is distributed entirely to FODL LPs via buybacks - essentially decentralizing all protocol revenue. Not your keys, not your coins.

👨‍🌾 Yield Farmers // 📈 Traders

Yield Farmers and Traders are able to open positions on FODL, gaining leveraged exposure to their preferred asset while earning yield

🤖 FODL Bots

The proprietary FODL smart contract bots are used to protect leveraged positions on the FODL platform against liquidation, and can set stop losses and take profit levels

🏛️ DAO members

Through the FODL governance token, holders can participate in FODL DAO, determining the trajectory of the protocol

Why we built FODL

We built FODL to meet the need for highly liquid, low-cost, and fully on-chain leverage. Rather than reinventing a centralized exchange, we looked for how we could utilize existing DeFi building blocks to accomplish our goals – further bolstering existing platforms with new use cases. Collateralized lending platforms in combination with flash loans turned out to be a great method of using highly liquid markets to achieve decentralized leverage.

On-Chain

One of the goals of FODL is to align the platform with the ethos of DeFi - a fully decentralized platform, revenue distribution model, and user experience.

Current iterations of (decentralized) leverage trading platforms do not operate fully on-chain; trading fees are calculated off-chain and are opaque. With FODL, everything is calculated and executed on-chain, all positions and calculations are handled on-chain using live market data.

Users do not send their funds to a centralized pool or protocol. Users maintain ownership of their positions and have the option to enable stop loss and take profit bots.

Join our community

Discord: https://discord.gg/gy4FQKB6ef

Twitter: https://twitter.com/FODLfi

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