ADALend Listed On CardanoCube
January 03 2022 - 8:14AM
NEWSBTC
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,
high-quality, and reliable information so they can make their own
educated decisions about the products they purchase. What Does This
Mean For ADALend? ADALend has recently been hitting the shelves as
a Cardano essential dApp that has high potential to impact the DeFi
market with its launch. ADALend has had a busy couple of months
with development and providing information to the communities about
the project and what it is set out to accomplish. ADALend plans to
continue revealing what the developers are working on as more
information comes out, involving the community and allowing them to
be part of the platform as it progresses towards launch. About
ADALend ADALend is developing a scalable, trustless, and
decentralized lending protocol that harbors users within a
self-governed environment. ADALend protocol is based on the Cardano
blockchain, which will enable the lending platform to aggregate
protocols that support business models that give economic support
to billions of users. ADALend will bring back the balance of power
between lenders and borrowers. By allowing the use of digital
assets as collateral, the use of the platform will be diversified
to the benefit of the user. By leveraging the Cardano blockchain,
ADALend will be able to tap into the vast digital cash management
market. By creating a technology that allows anyone to delegate
their digital cash and make it available for a loan, ADALend is
opening up the potential for blockchain-powered liquidity.
Input-Output Hong Kong (IOHK) has listed ADALend on their
“Essential Cardano List” of projects that are considered part of
the ecosystem supporting and providing Cardano users with products
and services.
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