ADALend , decentralized credit the platform using the Cardano blockchain was recently listed CardanoCube.io , a platform that makes information about dApps available, providing an overview of all projects and dApps built on Cardano. The listing is preceded by the ADALends declaration in which they shared their intent to use Plutus App Backend (PAB) to continue developing the platform.
CardanoCube.io is a resource where you can find information about blockchain Cardano and its ecosystem. They offer retail shoppers impartial, quality, and reliable information to enable them to make informed decisions about the products they buy.
What does this mean for ADALend?
ADALend recently hit store shelves as an important Cardano dApp that could impact the DeFi market with its launch. ADALend has had several months of intense development and providing information to the communities about the project and its objectives. ADALend plans to further disclose what the developers are working on as more information becomes available, engaging the community and allowing them to be part of the platform as it moves towards launch.
ADALend develops a scalable, trustless and decentralized lending protocol that allows users to be in a self-managing environment. The ADALend protocol is based on the Cardano blockchain, which will allow the lending platform to aggregate protocols that support business models that provide economic support to billions of users.
ADALend will restore 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 in the interests of the user.
Using the Cardano blockchain, ADALend will be able to enter the huge digital money management market. By creating technology that allows anyone to delegate their digital money and lend it for credit, ADALend is unlocking the potential for blockchain-based liquidity.
IOHK IOHK has included ADALend on its “Master Cardano List” of projects that are considered part of the ecosystem that supports and provides Cardano users with products and services.
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