Unlocking Liquidity: Gora’s Role in Unleashing Lending Against Unvested Tokens

Gora Network
2 min readMar 28, 2024

In the ever-evolving landscape of Decentralized Finance (DeFi), innovation knows no bounds. As we stride into the second quarter of 2024, the collaboration between Qoda Finance, Index Coop, Hedgey Finance, and the emerging powerhouse, Gora, marks a significant milestone in the DeFi ecosystem. Together, they are embarking on a pioneering pilot project: lending against unvested tokens.

This initiative is poised to address a pressing need within DeFi — the unlocking of liquidity for core teams, DAO contributors, and investors holding unvested token allocations. Picture this scenario: a DAO contributor for Index Cooperative with $60,000 worth of INDEX tokens vesting linearly over the next 6 months. Through this pilot, the contributor can leverage their unvested tokens as collateral, obtaining a $10,000 USDC loan at a competitive APR within the same DeFi user experience.

The Qoda team is currently working on Qoda Loans V2, an on-chain lending and borrowing marketplace that enables loans collateralized by illiquid, longtail assets. Lenders will be able to supply USDC to borrowers, who will borrow against an isolated collateral pool, allowing market APRs to fluctuate based on the collateral posted by borrowers. In order for a healthy loan market to unfold, lenders must have the most reliable information possible about collateral assets and borrower profiles to underwrite risk effectively.

This is where Gora steps in. Despite INDEX being a longtail asset, Gora’s oracles ensure performant price feeds, crucial for collateral factor and health factor calculations. Additionally, Gora’s provision of credit risk data for borrower wallets adds an extra layer of assurance for lenders, while simultaneously offering long-term benefits for borrowers. Unvested tokens are akin to the wallet’s income, with repayment history contributing to growing credit scores. Integration of off-chain credentials like KYC further enriches borrower profiles, augmenting their access to capital and favorable lending terms.

What sets Gora apart is its pioneering role as the first-ever DeFi risk oracle. By venturing into this uncharted territory, Gora is poised to unlock new use cases within DeFi, with the lending against unvested tokens pilot serving as a testament to its potential.

In conclusion, the collaboration between Qoda Finance and Gora represents a watershed moment in the DeFi landscape. Through their collective efforts, they are not only addressing a pressing need within the ecosystem but also charting new frontiers in decentralized finance

About Gora

Gora is an oracle platform that provides secure, reliable, and decentralized data feeds for Algorand and other blockchains. With a mission to enable seamless data integration for smart contracts, Gora empowers projects to make data-driven decisions and unleash the full potential of dApps.
Gora is a product of Gora Network

For more information about Gora, visit our Linktree.



Gora Network

Gora is the next-gen oracle and provider of real-world data solutions, built on Algorand. For more info go to: www.gora.io