Author: Vladislav Goncharov

Updated: August 18, 2022

Due Diligence includes hard due diligence (quantitative metrics reports), soft due diligence (qualitative metrics reports), and code audits.

Disclaimer

Audited projects cannot be considered safe/unsafe based on the current report. Report intentionally focuses not on the code itself but on the overall project. The report should not be used in any way to make decisions around investment or involvement with any particular project. This report in no way provides investment advice, nor should it be leveraged as investment advice of any sort. The report is not, nor should be considered, an “endorsement” or “disapproval” of any particular project or team.

Description

Ola Finance - Team of developers who deploy fork of the Compound for a client. They have their own web application for which they can apply the branding of clients. Mostly used by already existing projects in different EVM compatible networks for fastly deploying lending protocol.

Old Finance is a B2B project in crypto at an early stage. They work without direct product and adjust code per client.

Key Points

• Fork of Compound
• They generate profit by splitting fees generated by partner
  • The exact number not said
  • In some cases, they use their part of fee to buyback partner token
• The main product - ApeSwap Lending, is five times bigger than any other client
• Also, have lending for different clients
  • Spiritswap
  • Hector
  • KnighSwap
  • Frax
  • Oolong
  • BeamSwap
• Main blockchain - BSC, there located ApeSwap and KnighSwap
• Also, have projects in
  • Fantom Opera - there second biggest client Hector, and also Spiritswap
  • Moonbeam - two tiny clients, BeamSwap and Frax
  • Boba - also very tiny client OolongSwap
• Launched probably in March 2021
• Protocol TLV - $42 millions, only by their information
  • Can it be cheated? - Yes, real TLV is much less, probably around $20 millions
• Market Capitalisation - Unknown