Ardana partners with Near protocol on Cardano bridge infrastructure
As part of its partnership with Near protocol, Ardana will build a bridge for asset transfer between Cardano and NEAR. Ardana, Cardano’s growing stablecoin hub, announced a strategic partnership with Near protocol on Nov. 23. The partnership allows for asset transfer between the two protocols in which Ardana will provide the bridging infrastructure.Ardana is a decentralized stablecoin hub built on the Cardano network. While Ardana (DANA) is its governance token, it will use dUSD as verified on-chain collateral to enable borrowers to take leverage on their Cardano (ADA) or other supported....
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Private equity investors appear to be bullish on this novel stablecoin platform. Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets.Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal:“As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides users with convenient access to liquidity, an ever-present concern in the hyper-competitive DeFi world. We are also able to leverage Cardano’s speed,....
Coti previously partnered with Cardano’s stablecoin hub Ardana to bring decentralized stablecoin payments to AdaPay. A new stablecoin is arriving on the Cardano blockchain to provide a tool for decentralized finance (DeFi) operations and avoid transaction fees.Cardano’s payment gateway provider, Coti, will be the official issuer of Djed, a new DeFi-focused stablecoin for the Cardano network, Cardano founder Charles Hoskinson and Coti CEO Shahaf Bar-Geffen announced Sunday at the Cardano Summit.The new stablecoin will be based on an algorithmic design using smart contracts to ensure price....
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,....
Developers IOHK implemented changes to the Cardano protocol yesterday in preparation for hard forking the network. But before freaking out, unlike other blockchains, IOHK points out that the network design handles new block production rules seamlessly. “To enable a smooth transition, Cardano automatically preserves the history of previous blocks. This allows the protocol to be […]
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 […]