Moola Market
Moola Market is a non-custodial liquidity protocol on Celo that enables users to earn yield and access credit through over-collateralized loans and flash loans.
Overview
Moola Market is a decentralized finance (DeFi) lending protocol built on the Celo blockchain. It offers a non-custodial platform where users can deposit stablecoins and native tokens such as cUSD, cEUR, cREAL, and CELO to earn compound interest. Borrowers can access over-collateralized loans, delegated loans, or flash loans, paying interest that funds the yield earned by depositors. The protocol is open source and audited, with a codebase derived from Aave v2, ensuring transparency and security.
The protocol issues interest-bearing tokens called mTokens (e.g., mcUSD, mcEUR, mCELO) that represent claims on deposited assets plus accrued interest. These tokens are transferable and redeemable 1:1 for the underlying assets. Users interact with Moola Market by connecting a supported wallet, depositing assets, and optionally borrowing against their collateral. The protocol charges no fees for deposits or withdrawals, only network transaction fees on Celo. Borrowers pay interest at stable or variable rates, and flash loans incur a 9 basis points fee.
Moola Market addresses the challenge of democratizing access to credit and yield on mobile-first blockchains like Celo. It enables users globally to participate in DeFi lending without intermediaries. The open-source nature allows developers to build integrations or customize the protocol. To get started, users connect a compatible wallet, deposit supported tokens, and begin earning yield immediately. Borrowers can then take loans using their deposits as collateral. Comprehensive documentation and an open bug bounty program support secure adoption.
The Problem
Access to decentralized credit and yield opportunities is limited on mobile-optimized blockchains. Many users face barriers to borrowing and earning interest in a transparent, non-custodial manner. Additionally, trust and security concerns arise from closed or unaudited lending protocols.
The Solution
Key Features
Over-Collateralized Loans and Flash Loans
Supports multiple loan types including over-collateralized, delegated, and flash loans with flexible interest rate options.
No Deposit or Withdrawal Fees
Users pay only network transaction fees on Celo; no additional protocol fees for deposits or withdrawals.
Compound Interest Accrued Each Block
Yield compounds continuously at a variable rate, maximizing returns for depositors.
Key Strengths
How Developers Use Moola Market
Yield Generation for Stablecoin Holders
Users deposit cUSD, cEUR, or cREAL to earn compound interest, increasing their holdings passively.
Accessing Credit via Over-Collateralized Loans
Borrowers use deposited assets as collateral to obtain loans with stable or variable interest rates.
Developing DeFi Applications on Celo
Developers integrate Moola’s open-source contracts and mTokens into their own dapps to enable lending and borrowing features.
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Pricing
Standard | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via GitHub |
| Analytics |
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Resources
Moola Market provides comprehensive documentation covering deposits, borrowing, risk parameters, liquidations, flash loans, and governance. The protocol also maintains an open bug bounty program to enhance security.