Cora, a groundbreaking protocol that allows users to take out loans without the risk of being liquidated, has won third place in the BNB Chain European Innovation competition. This continent-wide campaign, which included events in seven major European cities, attracted over 520 applications and ultimately selected 31 teams through three rounds of a thorough evaluation. Eight winners were chosen following Demo Day, and exclusive VIP networking events were held in the seven cities to provide selected projects with the opportunity to gain exposure to industry experts, local partners, and potential investors.
Cora combines options strategies and a risk management framework based on quantitative financial theory to secure the loans and enable users to take out loans without the fear of losing their collateral. This is a game-changing development for the decentralized finance (DeFi) space, as it allows users to access credit while retaining control over their assets. This makes it a top choice for users looking for a seamless and efficient DeFi experience.
Cora is giving rise to decentralized lending without liquidations. -DARDANIA.BNB
The innovation on display during the program was a testament to the determination of the entire continent to build a decentralized future. Thanks to the BNB Chain team for organizing the competition and for recognizing the potential of our protocol. We also want to express our gratitude to our community for your ongoing support and belief in our vision.
The team behind Cora is thrilled to have received this recognition and is committed to continuing to push the boundaries of DeFi innovation and beyond.
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