Aada Finance is active and open to loans and loans on Cardano Mainnet

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Aada Finance, a non-custodial lending protocol, is active and open to business on the Cardano mainnet. The app is the first platform of its kind to allow lending and lending of Cardano’s native assets. Additionally, the protocol introduces a new NFT bond feature, which allows users to transfer and exchange loans on the open market.

Mantas Andriuska, co-founder of Aada Finance, said:

We are thrilled to launch the Aada Finance protocol and facilitate new DeFi use cases through Loans and Loans on Cardano. Peer-to-peer is the right way to build on the blockchain and we plan to take full advantage of the eUTxO model. Ultimately, our main focus is on providing efficient lending and lending, a solution that the Cardano community has been looking forward to over the past few months.

Following in the footsteps of DeFi innovation

The release of Aada’s V1 protocol aligns perfectly with the sentiment of the pre-Vasil hard fork. But in addition to simply relying on its first mover advantage, the lending platform stands out with its new NFT bonus strategy.

As the most important feature of the team, NFT bonds bring innovation to DeFi by tokenizing loans in the form of NFTs. In turn, lenders and borrowers can transfer and sell their loans, ushering in the liquidator role in DeFi.

conclusion

The past year saw vibrant development activity in the Cardano ecosystem and Aada was no different. The blockchain has yet to see the launch of most of its DeFi dApps. However, Aada Finance managed to take advantage of the first mover. By becoming the first comprehensive blockchain lending and lending protocol, the platform paves the way for wider adoption of the Cardano ecosystem.