Moola Market

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.