Cardano’s First NFT Lending Platform Is About To Be Launched

Cardano has reached a critical milestone in its blockchain development, with the first lending and borrowing protocol, Aada V1, due to deploy on the mainnet on September 13.

After months of public testnet use, Aada Finance, a platform for digital lending assets, is now ready to launch Aada V1. The smart contracts in this version let users lend and borrow assets from one another via a non-fungible token (NFT) bond method.

Cardano may now lend and borrow, marking the first time that decentralized finance (DeFi) primitives have been added to the network. Aada Finance wants to start ahead of the Vasil hard fork, which is expected to update the Cardano network and launch in September.

Currently, the platform is also announcing an airdrop for users.

The next Aada Finance release represents the culmination of numerous months of work and development. The team appreciates and thanks the community for its patience and support during the project’s early phases. To that end, they promise to stick to their key ideals of community-centric commitment and a build-first approach to Cardano DeFi.

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