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ADALend: New wave of DeFi loans on Cardano – Sponsored Bitcoin News


ADALend builds a scalable, decentralized lending protocol on Cardano, governed by the community. Cardano is the market leader in PoS as a set of protocols that provide economic support to billions of people.

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

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

What is Cardano?

Cardano aims to be the global financial operating system by establishing decentralized financial products. Cardano ADA is the market leader in PoS as a set of protocols providing economic support to billions of people.

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

What are the advantages?

Without authorization
Loan on any pairing. ADALend governance will ensure that the best deals are available and that only the most secure oracles are used.

Incentive liquidity
Liquidity relies on having enough assets in each pool to facilitate lending. ADALend meets this requirement by incentivizing users to deposit assets and provide liquidity.

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

Foundation layer of the ecosystem
Attract assets and create incentives that can strengthen an ecosystem of financial products.

Secured
Cardano is a proof of stake protocol that guarantees mathematically proven security. With the growing number of cyber attacks in the crypto industry, security is crucial.

Academic support
Cardano has the advantage of being one of the few coins that has been reviewed by academics who widely praise it.

Multiple layers
Cardano guarantees unlimited scalability and fast transactions by implementing a settlement and compute layer.

Third generation blockchain
Cardano is considered to be more reliable than other cryptocurrencies because ADA continues to overcome challenges faced by other platforms.

400% oversubscribed boot tower

Due to 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 roundtable was 400% oversubscribed, and those that did not reach the seed stage were whitelisted for private sale.

Seven private angel investors purchased the entire 1.8 million seed allowance of Cardano Native ADAL tokens for $ 540,000.

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


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Cory E. Barnes

The author Cory E. Barnes

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