Why This Cardano Based Lending Platform Records A 20% Up In TVL
Data from DeFi Llama records a massive increase in the total value locked (TVL) of FluidTokens, a Cardano-based lending protocol. This blockchain deployed its smart contract capabilities in late 2021 and has been experiencing a spike in ecosystem growth as more projects are launched on mainnet. Related Reading | When Will The Extended Stretch Of Extreme Fear In Crypto End? According to DeFi Llama, the Cardano-based lending and borrowing platform has seen a 20% increase in its TVL for the past week and a 56,600% increase in its TVL during the past hour. FluidTokens managed to take the....
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A scalable, trustless, and decentralized lending protocol called ADALend is being developed to allow users to operate in a self-governed environment. They made a commitment from the beginning to build natively on the Cardano blockchain, which will allow the lending platform to aggregate protocols that support business models that provide economic support to billions of customers.
According to a recent interview with Kaspars Koskins, CEO at ADALend, The company will be an innovative platform to lend digital assets backed by the technology of smart contracts. The platform will....
ADALend, a decentralized lending platform utilizing the Cardano blockchain, has recently been listed on CardanoCube.io, a platform that makes information on dApps available by providing an overview of all projects and dApps building on Cardano. The listing is preceded by ADALend’s announcement, where they shared the intention of using Plutus Application Backend (PAB) to continue the development of the platform. About CardanoCube.io CardanoCube.io is the go-to resource for information about the Cardano Blockchain and its ecosystem. They are offering retail customers unbiased,....
ADAlend.finance , a protocol that is bringing decentralized lending to the Cardano blockchain, has just sold out its private sale in less than one hour. Seven private angel investors have purchased the entire seed allocation of 1.8 Million Cardano native ADAL tokens for $540,000.
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....
The Cardano Blockchain is gaining momentum among cryptocurrency-based project developers. Over the years, scores of projects have been built on one of the best blockchains in the cryptocurrency space. Below are three of the best projects on the blockchain that every cryptocurrency lover should check out: 1. Ravendex Before Ravendex came on board, cryptocurrency lending and borrowing were nonexistent. The exchange allows users to control their private keys, so they are responsible for their assets. The exchange operates via the Automated Market Maker protocol on the Blockchain, and thus,....
Cardano just got its first DEX, but despite the hype, the user experience has proven to be less than stellar. Since its launch on January 20, SundaeSwap has clocked in impressive usage statistics, as thousands of users flocked to the platform to be among the first to trade their ADA and Cardano-based tokens on-chain. However, […]