AdaLend: The World’s Leading Cardano-Based Lend-ing Protocol
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Cryptocurrencies and DeFi are experiencing a period of blistering growth:
Within the space, crypto lending has become the most dynamic niche. Over USD 35 billion TVL is in DeFi lending protocols, which is dominated by Ethereum with a 54% share of TVL as of January 2022. The problem is that Ethereum is slow, expensive, and lacks scalability:
To permanently solve DeFi’s challenges, AdaLendhas developed a user-friendly, scalable, and fully decentralised Layer-1 platform for instant loan approval, automated collateral, trustless custody, and augmented lending liquidity. Built on the leading proof-of-stake (POS) Cardano blockchain, AdaLend aims to unleash the next generation of seamless, fast, and secure crypto lending.
A Unique Architecture - The AdaLend protocol aims to improve the efficiency of capital flows, managing several lending pools via the native $ADAL token. Each pool has several key components: liquidation model, utilization ratio, and borrowing/lending interest rate. The protocol provides tokenization for deposited assets, transferring the ownership of lending positions between users automatically.
Incentivised Liquidity - DeFi lending protocols need to attract Liquidity Providers (LPs) to stake assets in pools to enable lending. AdaLend does this by offering LPs strong incentives and APY to deposit assets and boost lending liquidity.
Flexible Lending Options - All lending in AdaLend is permissionless, trustless, and can be done on any token pairing. The protocol’s governance ensures that the best offers are available and that only the safest oracles are used to determine pricing and rates.
Decentralised & Democratic Governance -
Read more on cryptonews.com
