Buddy DAO (BDY) Live Price and charts Today

Buddy DAO is BNB-based project that proposes a guarantor based DeFi lending protocol where a borrower with limited credit history can bring along a guarantor, who will collaterize assets and extend the credit line to the borrower.

Buddy DAO aims to be the first guarantor based DeFi lending protocol, as part of the mission to build a decentralized bank where everyone can get a loan in seconds.

Buddy DAO proposes a solution by having a borrower to bring along a guarantor. This guarantor knows the borrower and has a lot of off-chain data about the borrower and should be able to predict the borrower's creditworthiness. As the protocol does more and more loans, Buddy DAO expects there to be on-chain data to analyze each borrower and the role of guarantor will become less significant.

Buddy DAO Protocol is empowered by $BDY, a BNB-based governance token to guarantee and incentivize the improvement of the protocol over time.