Short Summary
Integrating $BODEGA as a borrowable asset on LENFI would expand the utility of $BODEGA within the Cardano ecosystem, providing users with opportunities for borrowing against their tokens or earning through lending them out.
- Approve
- Disapprove
- Abstain
Motivation
1. Project and Token Overview
Bodega Market is a decentralized, open-source prediction market protocol built on the Cardano blockchain. It will allow users to create, participate, and trade in markets based on the outcomes of future events. By leveraging the unique capabilities of Cardano’s smart contract infrastructure, Bodega Market provides a secure, low-cost, and highly scalable platform for forecasting real-world outcomes. The protocol aims to redefine prediction markets by ensuring trustlessness, transparency, and accessibility for users worldwide.
Main utilities of $BODEGA token :
- Stake to earn platform fees
- Create markets by holding 50K + $BODEGA tokens and earn market creator fees
- Participate in governance
2. Positioning in the Cardano Ecosystem
- Increased Utility: By adding $BODEGA to LENFI, we believe that it will increase utility and offer enhanced Liquidity.
3. Tokenomics
- Total Supply: 25 Million
- Circulating Supply (82%): 20.5 Million
- DAO : 5%
- Team : 13 % vested
- Liquidity: 487K ₳
BODEGA price today, live BODEGA/USD chart, trades & marketcap | TapTools)
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Conclusion : Incorporating $BODEGA into LENFI could resonate with Cardano’s goal of building a decentralized finance ecosystem while trailblazing the use of Prediction market tokens in conventional DeFi settings. This initiative might establish a new standard for how niche tokens can function within expansive DeFi frameworks, offering advantages to $BODEGA investors and the Cardano community through advancements in token utility and economic models.
Such a move would also showcase LENFI’s flexibility in accommodating emerging token types, possibly drawing more developers and users to its ecosystem, thus bolstering its status within Cardano’s DeFi arena.