Moola Market
| Primary URL | Location | Industry | moola[.]market |
Country
United States of America
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Financial Services
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Profile
Moola Market is a decentralized finance platform that operates as a lending protocol. It allows users to supply and borrow various cryptocurrency assets using collateral. Its native token is MOO, which can be used as collateral within the protocol. The platform supports stablecoin assets such as cUSD, cEUR, and CELO for borrowing and lending activities. It functions on blockchain technology, enabling permissionless access for users globally.
No explicit size or user numbers are provided in the source material, so we omit speculative metrics. However, the platform's notable footprint is indicated by the $9 million exploit incident, which suggests it held a significant amount of value at the time of the attack. The incident also shows that the platform interacted with multiple blockchain assets and decentralized exchanges for price feeds.
Moola Market specializes in crypto lending and borrowing, relying on price oracles to determine collateral values, a design that exposed it to manipulation attacks similar to those seen on other lending protocols. Its response to the 2022 exploit included pausing operations, engaging law enforcement, and negotiating with the attacker, resulting in the return of 93.1% of the stolen funds. The platform's handling of the incident highlights its operational resilience and willingness to cooperate with external authorities. No explicit information about ownership or parent/subsidiary relationships is available, so those details are omitted.