ADA Finance Builds The First DeFi Ecosystem On Cardano With Affiliate Incentives
The decentralized finance (DeFi) community has long awaited the arrival of heavy duty DeFi protocols on Cardano. With the Alonzo hard fork, Cardano is making progress to release smart contract deployment on its blockchain, and the stage has been set for revolutionary new financial services to build on the network. Over its short history, DeFi has expanded into a behemoth community with a total value locked (TVL) that stands at around $275 billion today. However impressive these numbers may seem, the total AUM of traditional finance (TradFi) still looms large over DeFi, and for many this....
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As part of the Cardano ecosystem, ADALend builds a scalable and decentralized lending protocol, which the Cardano community will regulate. A new generation of flexible financial services for digital asset markets will be powered by the ADALend protocol, which will provide a foundation for speedy loan approval, automated collateralization, trustless custody, and liquidity in the […]
Many blockchains have gained traction in the world of decentralized finance. Although Cardano is not often mentioned in this context, that situation may come to change soon. Decentralized smart order routing engine deFIRE has completed its $5 million pre-IDO funding round. Building The Cardano DeFi landscape At its core, the Cardano ecosystem lends itself well […]
Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability. Developers have been working since the Alonzo hard fork to bring their DeFi solutions to the ecosystem. But with decentralized finance already underway on blockchains such as Ethereum and Solana, Cardano has had to play catch-up with these other networks. This is why the recent announcement from EMURGO carries significant connotations for the future of DeFi on the network. EMURGO, which is the commercial arm of the Cardano Foundation, has....
Total Value Locked (TVL), one of the metrics used to know the robustness of a blockchain in the decentralized finance (DeFi) sector, has recently been put at the forefront to compare Coinbase’s newcomer second-layer blockchain Base, and Cardano, a veteran in the crypto scene. For perspective, Cardano has been part of the blockchain ecosystem since […]
Cardano (ADA) continues to move further in its smart contracts integration on its blockchain. Cardano announced about a week ago that it had successfully completed the long-awaited Alonzo White Hard Fork. And with this, the project was moving on to the next phase of the integration. Smart contracts on the Cardano network will allow developers to build decentralized finance (DeFi), NFTs, decentralized identity (DID), and countless other things not the network. This is why the move to smart contracts support is very important for the network. Related Reading | Cardano (ADA) And Dogecoin....