It’s been three months since Aada Finance launched its pilot lending and borrowing protocol on Cardano. After months of hard work and several minor updates, the team is ready to deploy a set of features of groundbreaking value for Cardano DeFi.

The event is set for Monday (19.12.2022) and will introduce Liquidity Deposits (Lender Requests) and the long-awaited NFT Bond Marketplace. Here’s what you need to know about the upcoming features:

Liquidity Deposits (a.k.a. Lender Requests)

Since its inception, the Aada Finance protocol garnered a decent amount of TVL and a new following of Cardano DeFi enthusiasts. Still, the platform’s usability remains limited mainly due to its supply and demand efficiency. In this regard, Aada Finance aims to solve the dilemma by introducing Liquidity Deposits (i.e., Lender Requests).

The new upgrade will enable users to request funds with Liquidity Requests (former Borrower Requests) and offer theirs under custom conditions. As a result, allowing lenders to provide readily available liquidity on the platform will incentivize suppliers to engage actively with the app. Moreover, the new feature will open the space for fairer peer-to-peer loans where both sides can profit.

NFT Bond Marketplace

Another long-anticipated upgrade coming to Aada Finance is the NFT bond marketplace. It comes with an updated utility for the platform’s NFT bonds. Thanks to it, everybody will be able to minimize the damage of personal insolvency by offering and selling their bonds to Liquidators.

Introducing new functions to Cardano DeFi

In TradFi, there is a term Liquidator, that is a person who has the legal authority to act on behalf of a company. The Liquidator’s primary goal is to liquidate (i.e., sell) the company’s assets, usually to recoup funds in cases such as debt repayment.

In a similar manner, Aada Finance aims to introduce the tradable role as a new participant in the lending and borrowing process. This will unleash a slew of possibilities for Cardano DeFi traders looking for new ways to make a profit. Ultimately, everybody can take advantage of the feature by buying and selling their loans on the NFT bond marketplace.

How to have this role in Aada Finance?

While it’s still in its initial form, the NFT bond marketplace will facilitate the introduction of a new category of traders. Debtors who cannot repay their loans will have the chance to list their bonds on jpg.store.

All new listings will also be scraped and listed on the Aada Finance app, allowing arbitrageurs to buy out bad debts at nominal prices for profit. Ultimately, the new feature will give a practical utility to the NFT bonds while minimizing the loss ratio for insolvent debtors using the platform.

The Road to User-Friendly P2P Lending And Borrowing

Since the mainnet launch on 13 September 2022, Aada Finance has undergone several UI upgrades. Still, we fully understand the need to make our app more intuitive and easy to use. For this reason, we adopted a linear submission flow with an even sleeker interface.

Now, users will have separate categories for Liquidity Requests and Liquidity Deposits with detailed guidelines and explanations. Moreover, token selection and the marketplace will be more visual and user-friendly, suitable for beginners and advanced traders.

Aada Finance to Continue Building in 2023 And Beyond

The following upgrades will serve as a commemorative wrap-up event for our hard work during the year. With 2022 close to its end, we want to thank all our community members and supporters for believing in us the whole time. Keep following us on Twitter, Telegram, and Discord because we plan to continue to be part of Cardano DeFi in 2023 and beyond!