ADALend Makes It On “The Essential Cardano List” By IOHK
20 October 2021 - 11:13PM
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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. “The Essential Cardano List” gives an overview of the
Cardano ecosystem with an accompanying map, a central library of
materials, Cardano Foundation, and Emurgo resources, as well as
community-generated materials and a list of current stake pools.
ADALend’s inclusion in the list marks a milestone for the project
and its plans to broadcast consumer awareness for the project and
its features. About IOHK Input-Output Hong Kong (IOHK) is a
technology firm dedicated to employing peer-to-peer innovations to
bring financial services to the world’s three billion unbanked
individuals. They are a software development firm that creates
cryptocurrencies and blockchains for academic institutions,
government agencies, and businesses. IOHK is considered one of the
world’s leading blockchain infrastructure research and engineering
firms, founded in 2015 by Charles Hoskinson and Jeremy Wood. The
company is an entirely decentralized organization dedicated to
academic rigor and evidence-based software development. The
business creates high-assurance blockchain infrastructure
solutions. It’s also the brains behind Cardano. About ADALend
ADALend is a decentralized lending protocol governed by the Cardano
system. Within this Cardano system, ADALend will influence the
flexibility of digital finance markets by providing a basis for
immediate access to loans and collaterals, resulting in sustained
liquidity of the blockchain assets of the lender. The ADALend
protocol will power the new wave of flexible financial services to
the digital asset markets. Key Features of ADALend Permissionless
Lending on Any Pairing: Our governance will ensure that the best
offers are available and that only the safest oracles are used. We
guarantee trustworthy options for utilization by our clients. To
achieve this feat, secure authorization channels are used, limiting
the need for permission on pairing. Incentivised Liquidity:
Liquidity is predicated on having enough assets in each pool to
facilitate lending. ADALend addresses this requirement by
incentivizing users to deposit assets and provide liquidity.
Community Governance: Token holders can establish consensus by
voting on governance proposals or introducing new proposals for a
vote. Ecosystem Foundation Layer: The ADALend project has the
ability to attract assets and build incentives that can empower an
ecosystem of financial products. Benefits Of Using Cardano Lower
Transaction & Contract Fees Higher Transaction Speeds Better
Code Security & Robustness Uses Multiple Oracles
Environment-Friendly To find out more about ADALend, visit the
website.
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