The FODL platform combines several money “legos” of the DeFi ecosystem — flash loans, collateral lending platforms, 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 access to leverage by margining assets. 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.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
