Bonzo Finance is an open-source, non-custodial lending and borrowing protocol built on the Hedera network. It is a fork of the popular Aave v2 protocol and is designed to serve as "The Liquidity Layer" for the Hedera DeFi ecosystem.

The core of Bonzo Finance's service is its decentralized platform that allows users to lend and borrow a variety of cryptocurrencies, with a focus on HBAR, native USDC, and other Hedera ecosystem assets. Users supply crypto to the protocol to earn interest, provide liquidity, and as collateral for loans. 

Bonzo Finance also offers "flash loans," which are uncollateralized loans that must be repaid within a single transaction. It has its own governance token, $BONZO.

Bonzo Finance is built on the Hedera Smart Contract Service, and it is designed to be fully compatible with the Hedera Token Service (HTS). It also utilizes the Hedera Consensus Service (HCS) for its verifiable points and rewards program. 

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