# Introduction

LODA Cicero is a decentralised borrowing and lending protocol that enables uncollateralized lending both for on-chain and off-chain borrowers alike. \
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Loda Cicero is based on three different liquidity pools, which are all co-dependent on each other.  Incentives for capital efficiency in these pools are dynamic & based on the needs of the protocol. \
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In addition to these pools, staked Loda tokens are designed to backstop the protocol to both defend & create aligned incentives for all participants.

The governance of the protocol is mandated by the Lode Cicero DAO, which is controlled by holders of the two tokens - LODA & LODESTAR

These documents are designed to help you get a basic understanding of how the protocol functions.

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