Community Empowered Education.
Communities use Bora protocol to fund the education of our future leaders. Transparent and Community operated, Bora is the future for funding student education.
How It Works
The Bora protocol will have 3 tokens in our ecosystem:
$BORA will be the main native token of the BORA protocol. $BORA will be used to reward users for performing different activities (review proposal, vote on proposals, stake stablecoins, etc) on the BORA DAO network. $BORA holders can stake their $BORA to receive vBORA and share in the revenue from transaction fees and interest on loans issued.
vBORA will be used for governance of BORA DAO. vBORA can be obtained by staking $BORA and/or providing stablecoins (liquidity) to the BORA protocol. vBORA holders will have the power to vote and approve funding for the proposals presented by students. vBORA gives the providers of liquidity (users that deposit stablecoins in BORA Vaults) the ability to decide where their provided capital will be deployed. Providers of liquidity will receive the bulk of the revenue obtained from interest on loans issued
sBORA will be used to incentivise community participation and to bring transparency and quality assurance to the protocol. Community advisors and students that complete KYC will receive sBORA. Any student that submits a loan proposal request through the protocol will be required to hold a proportional amount of sBORA to the value of the loan requested. To receive additional sBORA and thus increase the size of the loan available to the student, the student will have to be active in the DAO community. Members of the community can also “delegate” their sBORA to a student proposal to increase the loan size and to ‘vouch’ for another student on the protocol. The more actively involved with the protocol a student is, the greater the loan amount they can take out.