Proposal: Add BODEGA as borrowable and collateral asset on LENFI

Governance New Assets
1

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
0 voters

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 : 3%
  • Team : 15 % vested
  • Liquidity: 720K ₳

[BODEGA price today, live BODEGA/USD chart, trades & marketcap | TapTools]

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.

18 Likes
2

This is a great project that has shows incredible transparency. One of the great CNT projects that will help catapult our Caradano ecosystem to the top!

17 Likes
3

One of the few tokens with a reason to borrow - need the token to open markets.

16 Likes
4

Love Bodega! Looking forward to community market creation! A great utility for borrowing

14 Likes
5

Got my vote. One of the better tokens imho

10 Likes
6

Great, Good ideal of

10 Likes
7

Want to be able to Lend or Borrow Bodega to earn passive income or become a Market creator? This is the perfect opportunity

13 Likes
8

voting to add Bodega

8 Likes
9

This should be a no brainer for the Lenfi community as BODEGA users has a clear built in incentive to utilize the Lenfi’s services to reach the status of Market Maker and thus significantly boosting their yield potential. It should be one of the best cases in Cardano’s ecosystem where Lenfi’s services plays a crucial role.

12 Likes
10

I agree this needs to get done. Will vote to add Bodega.

5 Likes
11

Bodega is a must add. It is one of the few tokens worth borrowing for a real use case. You need their tokens to become a market creator.

6 Likes
12

The only prediction market on Cardano. This is highly needed

7 Likes
13

adding Bodega makes perfect sense

5 Likes
14

This will also help incentivize to hold more than 50k BODEGA. Got an extra 10k floating? Time to loan out $$$

5 Likes
15

Bodega is a great project, i think this is a good idea

6 Likes
16

no brainer , big future for bodega

1 Like
17

onward and upward to the moon

1 Like
18

a no brainer buy buy buy

1 Like
19

I vote yes for Bodega

1 Like
20

Great project which deserve to get this proposal approved

1 Like