Overview & Resources
Last updated
Last updated
The Bonzo Finance protocol is an open source, non-custodial lending and borrowing protocol built on the Hedera network. It is designed to facilitate the lending and borrowing of cryptocurrencies, with a focus on HBAR, Hedera Token Service (HTS) tokens, and wrapped major assets. Bonzo prioritizes censorship resistance, security, and self-custody, enabling users to transact without reliance on trusted intermediaries.
Suppliers provide liquidity to Bonzo Finance asset markets to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (a single โatomicโ flash loan) fashion.
Bonzo Finance is based on Aave v2 โ the most utilized lending & borrowing protocol on Ethereum โ and adapted to the Hedera EVM (Ethereum Virtual Machine) and native Hedera Token Service (HTS).
The Bonzo Finance protocol inherits the Hedera network's high throughput, fast transaction finality, and a low, fixed, U.S. dollar-denominated fee structure. Additionally, Hedera's architecture ensures fair transaction ordering, mitigating the risk of MEV attacks commonly seen on alternative EVM-based DeFi protocols.
๐ Website
๐ป Documentation
๐ Mainnet
๐งช Testnet
๐ฅ ๐
๐พ Discord