Fodl enables traders to utilize leverage for their trades without paying a funding rate. This leverage is derived from existing DeFi building blocks, such as Compound and Aave.
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.
