Ola Finance

Inspiration

We started Ola out of a need that we had. We've been doing yield farming, and to get high APY, we needed access to different tokens that we didn't want to buy. We used Compound and Aave for borrowing the main assets, but we haven't found a safe place to borrow the long tale assets.

What it does

In the Ola platform, anyone can create a Compound-like instance that includes whichever tokens they like. We refer to such instances as lending networks. Once a lending network is created, the Ola app lets users lend and borrow assets. Ola's lending networks are isolated in terms of risk - if one lending network goes underwater due to a problematic token, it does not affect the other lending networks. Thus, while the platform does not restrict which tokens can be listed, it allows users to interact only with those lending networks that fit their risk appetites. In a short sentence that sums it up nicely, Ola aims to be the "Uniswap/Balancer for on-chain lending".

How we built it

We have been working on Ola for the last eight months. We started from a fork of Compound, and we added many features and of-chain services required for supporting those long tale assets and our B2B approach.

Challenges we ran into

The B2B approach requires the development of several tools that we need to provide to our partners.

Accomplishments that we're proud of

We are proud of the comments that we are getting from our partners. for example https://twitter.com/Spirit_Swap/status/1427599311173414925

What we learned

We learned that the best way to decide which features we need to develop and what is more urgent is to listen to our partners.

What's next for Ola Finance

We would like to onboard more projects and offer them the best experience.

Built With

• alchemyapi
• github
• hardhat
• infura
• mobx
• procedures
• react
• realtime-db
• solidity
• tests
• ts