Fun

ADALend: New Wave of DeFi Loans on Cardano

News Feed - 2021-09-19 10:09:26

ADALend: New Wave of DeFi Loans on Cardano sponsored


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. Unido - Building the Future of Crypto Custody and Asset Management for Enterprises SPONSORED | 2 days ago Maxim Magazine Launches Its NFT Marketplace Together With xSigma, a Subsidiary of Nasdaq: ZKIN SPONSORED | 2 days ago Tags in this story ADALend


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer

News Feed

Rishi Sunak Becomes UK Prime Minister — He Wants to Make Britain a Global Crypto Investment Hub
Rishi Sunak Becomes UK Prime Minister — He Wants to Make Britain a Global Crypto Investment Hub Britain’s former Chancellor of the Exchequer Rishi Sunak has become the coun
South Korea looks to upgrade status of crypto crime unit
Derek Andersen4 hours agoSouth Korea looks to upgrade status of crypto crime unitThe temporary unit is reportedly being transformed into a permanent department as enforcement actions rise dramatically in South Korea.966
Base memecoin project Normie fires intern over offensive video
Zhiyuan Sun9 hours agoBase memecoin project Normie fires intern over offensive videoThe video, which had the caption, “Something is cooking in the Normie Labs,” was deemed distasteful.1288 Total views2 Total sharesLi
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BA
Marcel Pechman5 hours agoWill Bitcoin ever trade below $27,000 again?On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you m
Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network
Bitpay Has "No Current Plans" to Support Liquid or the Lightning NetworkAccording to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roo
Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible
Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future o
South African Crypto Investment Company Issued Cease And Desist Order In Texas
South African Crypto Investment Company Issued Cease And Desist Order In TexasThe Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Tra
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens Bitcoin dropped to a two-week low on Feb. 9, with prices falling below the $23,000 mark
Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike
Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks t
Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Tristan Greene3 hours agoSoftbank lost 99% when the dotcom bubble burst, now it’s all-in on AISoftbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.764 Total views1 Total sharesList
Australian regulators bust unlicensed blockchain mining companies
Savannah Fortis14 hours agoAustralian regulators bust unlicensed blockchain mining companiesASIC launched civil proceedings against two Australian cryptocurrency firms, NGS and DCA Capital, following a collapse as invest