Loda aims to provide decentralized financial services (DeFi) with a focus on creating innovative liquidity solutions and lending protocols using blockchain technology. It allows users to earn interest on their crypto holdings and access loans by using their crypto assets as collateral, offering a non-custodial alternative to traditional banking.

Loda enables you to leverage your cryptocurrency holdings by either earning interest on them or using them as collateral to secure a loan. The platform supports instant borrowing in AUD without selling your crypto assets, providing a tax-efficient way to access fiat while maintaining ownership of your digital assets.

Loda offers a decentralized, non-custodial lending environment through blockchain and smart contract technology. This ensures transactions are secure, immutable, and transparent, aligning with web3 principles. It allows users to access funds without needing to liquidate crypto holdings, potentially avoiding capital gains taxes.

Loda distinguishes itself by being the sole Australian platform that allows for collateralized crypto loans in AUD. It provides competitive, possibly the lowest, interest rates in the space, and prioritizes blockchain transparency and user control over financial assets, making it a strong choice in the DeFi lending and borrowing sector.

Using crypto as collateral for loans on Loda can be tax-efficient because you retain ownership of your assets, avoiding the capital gains taxes that would typically be incurred through the sale of cryptocurrencies. It’s advised to consult with a tax professional for personalized advice.

If you encounter any issues while using Loda, it's recommended to consult the platform's support resources or contact their customer service for assistance. As Loda operates on blockchain technology, understanding its basic principles can also help in troubleshooting common issues related to decentralized financial transactions.