Moola (MOO)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• Moola is a lending market on Celo

Audits & Exploits

• No evidence of a bug bounty program was found (30-9-2021).
• Scored 80% on DeFi Safety (30-9-2021):

"Activity is in excess of 10 transactions a day on contract MoolaStakingRewards. As per the SLOC, there is 40% commenting to code (CtC). Software functions are well documented, but there is no explicit traceability to the Moola source code. As per the SLOC, there is 241% testing to code (TtC). There is a test report evident in this section. Moola has not undergone formal verification testing. Evidence of testing and deployment on the Alfajores testnet is documented. Moola has been audited pre-launch by Bramah Systems."

Governance

Admin Keys

• From DeFi Safety (30-9-2021):

"Moola's Access Controls documentation can easily be found in their main GitHub repo's README.md. Moola's Emergency Admin capabilities and details are clearly outlined.

a) All contracts are clearly labelled as upgradeable (or not) -- 30% -- The upgradeable contracts are clearly defined in the "actions controlled by the MultiSig" section. b) The type of ownership is clearly indicated (OnlyOwner / MultiSig / Defined Roles) -- 30% -- Moola clearly identified its MultiSig roles and addresses. c) The capabilities for change in the contracts are described -- 30% -- The capabilities for change in contracts is clearly outlined in the "Actions controlled by the MultiSig section."

Technology

• Whitepaper or docs can be found here.
• Code can be viewed here. From DeFi Safety (30-9-2021):

"Moola's V2 repository has 1502 commits, expressing its long and storied history in a colourful and expressive manner. There is a list of contract addresses in the GitHub repository. However, many of these contracts are dead. More active contracts were found in the Celo block explorer."

Implementations

• Built on: Celo. Moola has shared ancestry with Aave v2.

Fees

• From their FAQ (12-2021):

"Moola does not charge any fees to deposit or withdraw. All transactions on Moola including deposit, withdraw, borrow, and repay incur Celo network transaction fees which are used to secure the Celo network (currently ~$0.001 per transaction). Overcollateralized borrowers incur debt that compounds at either stable or variable interest rates. Undercollateralized flash loans incur a flash loan fee of 9bps."

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found here (30-9-2021).

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