Categories
Blockchain News Coin News

ADALend: New Wave of DeFi Loans on Cardano

ADALend is building a scalable and decentralized lending protocol on Cardano, governed by the community. Cardano is the market leader in PoS as a collection of protocols for economic support to billions of people.

Over the last decade, the decentralized Finance (DeFi) space has been forced to evolve to keep pace with the development of the digital asset market.

ADALend protocol will power foundational the new wave of flexible financial markets by providing a layer for instant loan approval, automated collateral, trustless custody, and liquidity.

What is Cardano?

Cardano aims to be the world’s financial operating system by establishing decentralized financial products. Cardano ADA is the market leader in PoS as a collection of protocols for economic support to billions of people.

ADALend protocol will power foundational the new wave of flexible financial markets by providing a layer for instant loan approval, automated collateral, trust-less custody, and liquidity.

What’s the benefits?

Permission-less
Lend on any pairing. ADALend governance will ensure that the best offers are available and that only the safest oracles are used.

Incentivized Liquidity
Liquidity is predicated on having enough assets in each pool in order to facilitate lending. ADALend addresses this requirement by incentivizing users to deposit assets and provide liquidity.

Community Governance
Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote.

Ecosystem Foundation Layer
Attract assets and build incentives that can empower an ecosystem of financial products.

Secure
Cardano is a proof of stake protocol that ensures mathematically proven safety. Given the increased number of cyberattacks in the crypto sector, security is crucial.

Academic backing
Cardano benefits from being one of few coins that have been reviewed by academics who largely praise it.

Multiple layers
Cardano ensures unlimited scalability and quick transactions by implementing a settlement and a computational layer.

Third-generation blockchain
Cardano is considered more reliable than other cryptocurrencies as ADA keeps overcoming challenges other platforms have encountered.

Seed round oversubscribed 400%

As a reflection of the huge demand for high quality Cardano native DeFi projects, and the perfect timing with the launch of ADA smart contracts around the corner with the Alonzo upgrade, the ADALend seed round was 400% oversubscribed, and those who did not make it into the seed stage have been whitelisted for the private sale.

Seven private angel investors have purchased the entire seed allocation of 1.8 Million Cardano native ADAL tokens for $540,000.

The ADALend project is majorly developing and gaining more and more attention. Look out for more.

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin News
Sponsored, ADALend

1% Deposit Bonus & Withdrawal Fees On Crypto Deposit in BuyUcoin

BuyUcoin giving 1% deposit bonus on crypto and reimbursement of crypto withdrawal fees for Indian user who have funds on banned crypto exchange. In the wake of the recent ban ...
Read More

A Decade in the Making: US SEC Approves 11 Bitcoin ETFs, Igniting Market Enthusiasm

After years of anticipation and regulatory scrutiny, the U.S. Securities and Exchange Commission (SEC) has granted approval to 11 Bitcoin ETFs applications, marking a significant milestone in the cryptocurrency and ...
Read More

Will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved?

Everyone wants to know that bitcoin will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved? We talk about the Bitcoin ETF, an important part in the cryptocurrency space. According ...
Read More

10 Must-Have Features on Bitcoin Staking Site

Crypto has provided many benefits for online gambling, and almost all relevant gambling sites now offer it as a payment method.  With so many gambling sites, players, especially those without ...
Read More

Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

Happy Cryptomas to all of you! During the bullish state of the crypto market, margin-lending platforms and decentralised exchanges were the most often used DeFi protocols. Bitcoin is Up 167% so ...
Read More
Share with Others