Buddy DAO is a groundbreaking DeFi lending protocol with a unique approach. It aims to build a decentralized bank where individuals can easily obtain loans within seconds.

The protocol introduces a concept of guarantors, where borrowers are required to bring along someone who knows them well and possesses extensive off-chain data about their creditworthiness. This innovative feature ensures that loans are more secure and trustworthy. However, as the protocol grows and accumulates on-chain data, the role of guarantors is expected to become less significant.

Central to the Buddy DAO ecosystem is its native governance token, $BDY, which is based on the Binance Smart Chain (BNB). This token not only serves as a guarantee for the loans but also incentivizes continuous improvements and development of the protocol.