Aada Finance For Cardano Blockchain Launch Date Announced
The company behind Cardano, Input Output, has recently announced the launch date for Aada Finance, its first lending and borrowing protocol on the Cardano blockchain. Aada Finance streamlines the borrowing and lending user experience by utilizing a novel DeFi primitive known as NFT bonds.
V1 will therefore be released in mid-September of this year and shall be the first time that DeFi primitives are added to the Cardano blockchain, which is built on the Plutus smart contract platform that was first introduced in the Alonzo hard fork back in September 2021.
Aada recently formed a partnership with Minswap to assist in the liquidation of loans when the loan-to-collateral value falls below a certain threshold. The liquidity of Minswap will be utilized in the liquidation process.
Elsewhere, Input Output Global also recently partnered with Pezesha, an African fintech company that enables financial institutions to offer liquidity to small-to-medium businesses.
Top News
13 months ago
13 months ago
13 months ago
13 months ago
13 months ago
13 months ago
13 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
14 months ago
15 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.