Cardano ADAlend’s native DeFi protocol depletes seed round in 1 hour
ADAlend.finance, a protocol that brings decentralized loans to the Cardano blockchain, sold out its private sale in less than an hour. Seven private angel investors purchased the entire seed allocation of 1.8 million native Cardano ADAL tokens for $ 540,000....
ADAlend.finance, a protocol that brings decentralized loans to the Cardano blockchain, sold out its private sale in less than an hour. Seven private angel investors purchased the entire seed allocation of 1.8 million native Cardano ADAL tokens for $ 540,000.
400% oversubscribed seed round
Reflecting the high demand for high quality native Cardano Defi projects, and the perfect timing with the launch of ADA smart contracts just around the corner with the Alonzo update, the ADAlend seed round had a glut 400% subscription. in the initial stage they have been whitelisted for private sale.
ADALend is governed by a DAO
ADALend is building a scalable and decentralized lending protocol on Cardano, governed by DAO and based on ADAL, Cardno’s native token. Until now, Ethereum-based platforms like Aave have dominated the Defi lending space, but the ADAlend team believes that the time is right for a changing of the guard. Cardano’s speed and low transaction costs (compared to exorbitant gas fees on Ethereum) make it the perfect blockchain on which to build a democratic lending platform for anyone in the world who wants to borrow dollars. without spending your cryptocurrencies or winning a market. outperforming your digital assets.
The Adalend protocol will drive the new wave of flexible financial markets
Cardano is the market leader in PoS as a collection of protocols for the economic support of billions of people Over the past decade, the Decentralized Finance (DeFi) space has been forced to evolve to keep pace with market development. of digital assets. The Adalend protocol will drive the new wave of flexible financial markets by providing a layer for instant loan approval, automated collateral, trustless custody, and liquidity. To learn more about ADAlend’s vision and mission, please visit: https://adalend.finance/To Learn about the private sale in progress and how you can request an assignment, email our team at [email protected]
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