Convert BTC to SODABTC
(ERC-20 token of Bitcoin)
just in one click
Send your collateral
in SODABTC (140%) to
the SODA smart contract
Receive your loan in DAI ◈
(100%) and use it to buy
assets on the DEX
Pay back your loan in DAI ◈,
receive SODABTC and convert
it back to BTC (collateral)


Synthetic Oracle-Denominated Asset

We use a novel principle for guaranteeing the stability of the loan.
Upon providing the collateral in BTC, the SODA DAO uses oracles to request the current
market price for BTC. The price data returns to the smart contract and becomes fixed.
The smart contract enables the user to receive DAI ◈ or other cryptoassets from
the credit pool after sending the collateral in SODABTC to the smart contract.
Take out a loan now →

Pay It Back in 30, 60 or 90 Days

Choose the loan terms and options that suit your needs
and use SODA while holding Bitcoins

100% Transparent Proof-of-Funds

You can monitor that your collateral is safe via on-chain
explorer as well as all operations within SODA

No KYC or credit score check

We value your personal and financial privacy
and don't ask for your personal/credit data

Frequently Asked Questions

What is SODA?

SODA is a DAO where you can borrow up to 1,000 DAI ◈ within 15 minutes with a fixed interest rate using Bitcoin as a collateral.
Every Bitcoin HODLer can get a loan on SODA without KYC or invasive and long winded processes.

Why is SODA unique?

First things first: unlike other closed lending businesses, interest on SODA is distributed between SODADAO token holders (70% of interest) and the SODA Foundation (30% of interest). Second things second: every loan is collateralized with Bitcoins (140% of the loan amount in DAI ◈ equivalent). Third things third: anyone is able to provide their cryptoassets to the credit pool smart contract and start receiving part of the DAO's interest. When you provide your cryptoassets to the credit pool, you recieve a SODADAO token, which is used to: 1) set the user's share in the DAO's interest; 2) distribute the DAO's interest on-chain.

Why is SODA the best place to borrow cryptoassets?

Interest rates on SODA are ALWAYS 30% LOWER than the market weighted average. Our partners are calculating SOBR (Secured On-demand Borrowing Rate). SODA smart contract sets the interest rate 30% lower based on the current SOBR date. As a result, SODA users get to benefit from the best interest rates possible.

What are the interest rates?

Interest rates on SODA are ALWAYS 30% LOWER than the market weighted average. Current interest rates to borrow on SODA are:
DAI: 7.0% APR USDC: To be added soon

What do I need to get a loan?

Bitcoins for providing them as a collateral (by converting BTC to SODABTC: ERC20 token of Bitcoin) and MetaMask to get SODABTC and a loan in DAI ◈.

How do I repay the loan?

Send DAI to the smart contract. You will need to pay back the same DAI ◈ amount to what you have borrowed.
If you have sent more than you should, the smart contract will automatically send you back the excess.

What are the fees for using SODA?

You are paying interest rate to lenders and to SODA Foundation. Once you’ve sent your collateral in Bitcoins and received a loan in SODA, the smart contract will transfer the interest amount from your collateral in Bitcoins (SODABTC).

For example: your loan amount is $10,000 in SODA, your collateral in Bitcoins is 1.4 BTC ($14,000), you have transferred your SODABTC as a collateral to the smart contract; if your loan’s interest rate is 1% / month and you’ve taken out a loan of $10,000 for 2 months, then the smart contract will automatically take $200 in SODABTC (2% of the loan amount if the loan period is 2 months) after you deposit your collateral.

What can I use SODA for?

Firstly, when you need cash to pay the bills and still want continue HODL’ing BTC, get a cryptoloan, exchange it to fiat money and continue to hold your Bitcoins. Secondly, if you are an altcoin trader, don’t let the bull market arrive and see your your beloved altcoins moon without you. Use SODA to jump on the train and enjoy your winnings without selling your BTC. Thirdly, use it as a leverage or to short cryptoassets.

Market trends are not endless. Win big with SODA.

Can I repay a loan in parts?

Yes, you can. Send the amount you want to repay to the smart contract.
The amount of the debt will be automatically lowered after the transaction is confirmed.

When can my collateral be liquidated?

When the collateral’s (Bitcoins) price falls to 110% of the loan’s DAI ◈ amount it gets liquidated. The minimum collateral’s DAI ◈ equivalent in Bitcoin is 140% from the loan amount.

How can I lend my funds on SODA?

Anyone is able to provide their funds to the credit pool smart contract and start receiving a part of the DAO's interest. When you provide your crypto assets
to the credit pool, you recieve a SODADAO token which is used to:

1) set user's share in the DAO's interest;
2) distribute the DAO's interest on-chain

Why is it better to lend crypto on SODA?

70% of the SODA DAO interest is distributed weekly between lenders. There is no need to wait for matchmaking between borrower and lender. After the user provides their crypto assets to the credit pool (currently available: DAI ◈) they receive SODADAO tokens.

This token sets a lender’s stake in the credit pool and their equivalent profit share. For example, if a user has provided 10,000 DAI to the credit pool smart contract and the total amount of DAI is now 100,000; then 10% new SODADAO tokens will be minted for that user and they will be receiving 10% of the DAOs interest. Lended liquidity is locked up for 60 days.

What Our Users Say About SODA

Very friendly and fluid interface when transferring your SODABTC as a collateral, reassuring progress screen that breaks down the 5 stages in a nice bitesized manner.
user photo
I tried to take a loan on SODA and it all worked out wonderfully. Although I have never used MetaMask before, the process is easy to understand.
The design and layout of SODA is very non corporate crypto which I think will appeal a lot to in particular the younger trading market. It has a fintech/disruptor feel to it which I like!
user photo
The design of SODA is nice, simple but eyecatching and interactive. Loan process worked great with MetaMask.
user photo
SODA is very easy to use! I have experience using MetaMask, so perhaps made it even easier.
user photo
Calvo Garcia
SODA looks great! Worked very well for me.
I like the layout and everything!
user photo
Thomas Limperis

Any problems or questions?
Contact us and join the community:

Connect to MetaMask

Our service works only with Chromium-based MetaMask extension.
MetaMask allows you to interact with decentralized applications
and be sure about the safety of your funds.

Now we need to synchronize your
Ethereum public key with the SODA network.

Sign in with MetaMask →