Innovation to the DeFi industry is tradition when the first DeFi ecosystem gets introduced on a blockchain. ADA Finance honors that tradition for the Cardano and Avalanche blockchain. ADA Finance develops on both blockchains, in parallel, to give users the freedom to choose on which network they run the ADAFi Ecosystem.

ADA Finance motivates platform growth and user activity by offering a Referral Program and Address Milestones. The ADAFi ecosystem brings traditional DeFi tools and introduces innovative DeFi features to optimise opportunities for the users.

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ADA Finance

Since its launch in late 2021, the Cardano DeFi ecosystem has undergone significant evolution, establishing a robust and dynamic landscape. It has bootstrapped its own liquidity and advanced from the early days of Plutus V1 to the cutting-edge Aiken, enhancing transaction efficiency and throughput. With the impending arrival of Plutus V3, Cardano’s DeFi capabilities are set to expand even further. This article examines a variety of protocols within Cardanos Decentralized Finance ecosystem, including DEXs, synthetic assets, and lending platforms, as well as some promising upcoming protocols.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Decentralized Exchanges</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*fYu8UgxDfI20Z6rMEzPVWw.png" alt="" loading="lazy">Cardano’s decentralized exchanges (DEXs) have been pivotal in driving the ecosystem’s growth, offering secure and efficient trading platforms. In this section, we’ll delve into the unique features and innovations of these DEXs.<h2 style="margin-left:0px;">Minswap</h2>Minswap, the first multi-pool DEX on Cardano, launched on March 8, 2022. As a community-driven platform, it has significantly contributed to the ecosystem’s development by enhancing trading capabilities. With Minswap V2 on the horizon, written in Aiken, users can look forward to substantial speed and throughput improvements. Additionally, the new version will introduce advanced pro features, a revamped UI, and more enhancements.You can find out more about Minswap <a href="https://t.co/JE66Ce2Xzf">here</a>.<h2 style="margin-left:0px;">Splash</h2>Splash, one of the most recent decentralized exchanges (DEXs) to launch on Cardano, is known for its next-generation approach to market-making and trading. It combines various AMM liquidity pools with its unique Temporal Liquidity Book (TLB), offering traders the best prices and market makers the flexibility to provide liquidity efficiently. Recently, Splash introduced a new UI and onboarded Splash partner liquidity, marking the launch of stablepools with the OADA/ADA pool.You can visit the Splash DEX and check out the project’s new UI here: <a href="https://app.splash.trade/">https://app.splash.trade/</a><h2 style="margin-left:0px;">SundaeSwap</h2>SundaeSwap, launched on January 20, 2022, is the first automated market maker (AMM) style DEX on Cardano. Recently, SundaeSwap introduced V3, which brings enhanced throughput and a wealth of new features. This upgrade has significantly boosted its performance, making it responsible for a large portion of the daily trading volume on Cardano.You can find out more about Sundaeswap at the following link: <a href="https://sundae.fi/products/sundaeswap">https://sundae.fi/products/sundaeswap</a><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Yield Protocols</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*vc4ymRh7gIa-Acd2Z5UnEQ.jpeg" alt="" loading="lazy">Yield products in the Cardano ecosystem offer lenders the opportunity to earn higher returns compared to native staking. Borrowers, on the other hand, can gain staking power to earn rewards and participate in ISPOs.<h2 style="margin-left:0px;">Fluid Tokens</h2>FluidTokens is a DeFi platform on Cardano, offering a variety of innovative financial services. These include boosted staking, lending, and renting. Boosted Stake allows users to maximize their ADA staking rewards and participate in ISPOs by lending or borrowing ADA delegation rights.You can visit the FluidTokens website at the following link: <a href="https://fluidtokens.com/">https://fluidtokens.com/</a><h2 style="margin-left:0px;">Optim Finance</h2>Optim Finance is a yield protocol on Cardano, offering innovative products designed to optimize capital allocation. Its initial offerings include Liquidity Bonds and Strategy Vaults, which enable users to lend and borrow ADA staking rights and participate in automated investment strategies. In July 2024, Optim Finance launched OADA, an ADA derivative, and SOADA, a staked ADA derivative.More information about Optim Finance can be found here: <a href="https://www.optim.finance/">https://www.optim.finance/</a><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Lending Protocols</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*KdTwSwv_LGAhT3OZ1-jlKQ.jpeg" alt="" loading="lazy">Lending protocols in the Cardano ecosystem come in various forms, such as pooled and peer-to-peer, offering flexible options for both lenders and borrowers.<h1 style="margin-left:0px;">LenFi</h1>LenFi, initially launched as Aada Finance on September 13, 2022, was the first lending protocol on Cardano. It introduced peer-to-peer lending to the ecosystem. Recently, LenFi launched V2, which brings pooled lending and borrowing, written in Aiken for higher throughput.The LenFi website can be found here: <a href="https://lenfi.io/">https://lenfi.io/</a><h1 style="margin-left:0px;">Levvy Finance</h1>Levvy Finance, a peer-to-peer lending protocol on Cardano, launched on June 23, 2023. The protocol allows NFT and fungible token owners to access instant liquidity by using their assets as collateral. Recently, Levvy Finance was acquired by Angel Finance, a decentralized venture capital entity within the Cardano ecosystem.You can visit Levvy Finance at the following link: <a href="https://levvy.fi/">https://levvy.fi/</a><h1 style="margin-left:0px;">Liqwid Finance</h1>Liqwid Finance, the first pooled lending protocol on Cardano, initially launched in Q4 2021. The recent launch of Liqwid V2 introduced significant enhancements, including Aqueduct for improved liquidity management, Tap for optimized transaction building, a new API for better developer integration, and a more user-friendly interfaceFind out more about Liqwid here: <a href="https://liqwid.finance/">https://liqwid.finance/</a><h2 style="margin-left:0px;">Yamfore</h2>Yamfore is a decentralized non-custodial lending protocol on Cardano. It allows users to borrow ADA by depositing collateral without the risk of liquidations or ongoing interest payments. Yamfore uses over-collateralization and provides flexible loan terms, making it a user-friendly option for crypto-backed loans on the Cardano blockchain.<blockquote>After the recent launch of Optim with the OADA — sOADA mechanism, and the upcoming launch of Butane, we believe that Yamfore, with its particular characteristics, comes to join this new wave of DeFi protocols that will improve and complement what already exists in Cardano. — <a href="https://x.com/diegomac35">Diegomac</a> | Yamfore Community Advisor</blockquote>You can visit the Yamfore website at the following link: <a href="https://www.yamfore.com/">https://www.yamfore.com/</a><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Synthetic Protocols</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*JUS7kPQfwqqmHMlrg2iigw.jpeg" alt="" loading="lazy">Synthetic assets in the Cardano ecosystem offer exposure to various financial instruments without direct ownership. This section delves into the platforms providing synthetic assets on Cardano.<h1 style="margin-left:0px;">Butane</h1>Butane is a next-generation, multi-collateral synthetic protocol on Cardano. Designed for high efficiency and throughput, it leverages the Aiken programming language to allow users to create multiple Collateralized Debt Positions (CDPs) within a single transaction. Currently, Butane is on testnet, with a mainnet launch anticipated soon.<blockquote>“I’m excited to have the community using Butane soon and hope together to usher in a new era of synthetics on Cardano” — <a href="https://x.com/Dubbleu_43">Dubbleu</a> | Butane Community Manger</blockquote>More information about Butane Synthetics can be found here:<a href="https://butane.dev/">https://butane.dev/</a><h1 style="margin-left:0px;">Indigo</h1>Indigo Protocol, launched in November 2022, is the first synthetic assets protocol on Cardano. It allows users to create and trade synthetic assets, known as iAssets, which mimic the value of real-world assets such as iUSD (a stablecoin), iBTC (Bitcoin), and iETH (Ethereum). By using Collateralized Debt Positions (CDPs), users can mint these iAssets by collateralizing ADA, enabling them to engage in DeFi activities without losing out on staking rewardsThe Indigo Protocol website can be found here: <a href="https://app.indigoprotocol.io/">https://app.indigoprotocol.io/</a><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Stablecoins</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*DiuW3XUQKiFXgGoZ_p9xFg.jpeg" alt="" loading="lazy">Stablecoins in the Cardano ecosystem provide price stability, crucial for transactions and DeFi activities.<h2 style="margin-left:0px;">Djed</h2>Djed is an overcollateralized algorithmic stablecoin on Cardano, issued by COTI. It maintains stability by holding a reserve of ADA and using SHEN as the reserve currency, ensuring a reliable stable value for DeFi applications on Cardano.More info on Djed can be found here: <a href="https://www.djed.xyz/">https://www.djed.xyz/</a><h2 style="margin-left:0px;">MyUSD</h2>MyUSD is a decentralized stablecoin on Cardano, created by the Mynth team. It maintains its peg through various strategies, including the minting and burning of MyUSD, providing a secure and stable cryptocurrency option for participants in the Cardano ecosystem.You can read more about MyUSD here: <a href="https://www.mynth.ai/">https://www.mynth.ai/</a><h2 style="margin-left:0px;">USDM</h2>USDM is a fiat-backed stablecoin on the Cardano blockchain, developed and issued by Moneta, previously known as Mehen. Pegged to the US dollar, it provides a stable value for transactions and savings within the Cardano ecosystem.You can read more about USDM at the following link: <a href="https://mehen.io/">https://mehen.io/</a><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Conclusion</h2>Cardano’s DeFi ecosystem has grown remarkably since its inception, showcasing a wide array of protocols from DEXs to synthetic assets and lending platforms. With continuous advancements and the introduction of new protocols, the ecosystem is becoming more robust and dynamic. It will be fascinating to observe how Cardano’s Decentralized Finance landscape continues to evolve and innovate in the weeks and months ahead.

TapTools

Cardano DeFi

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<a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> (<a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a>) is trading below yesterday’s <a target="_blank" href="https://coinmarketcap.com/currencies/cardano/">closing price</a> as it exhibits price volatility. This price drop comes despite the fact that its trading volume increased by over 26% in the last 24 hours. 
<a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> has now lost its earlier gains in the past week, dropping from $0.4028 on April 29, 2023, to $0.3974 on April 30. Currently, it is trading in the $0.3926 range. Its past price behavior suggests it will likely recover from the bearish trend.
Fortunately, <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> retains most of its gains in 2023, moving from $0.248 on January 1, 2023, to its current price of $0.3922 at press time.
<h2>ADA Price Analysis</h2>
<a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> is experiencing price volatility today, forming a red candle on the daily chart. The Relative Strength Index is at 47.41 and reflects price neutrality as the bulls and bears battle for control. 
Related Reading: <a target="_blank" href="https://www.newsbtc.com/analysis/pepe/pepe-coin-versus-bitcoin-comparison/">Check Out This Shocking Pepe Coin Versus Bitcoin Comparison</a>
Also, <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a>’s Moving Average Convergence/Divergence (MACD) is below its signal line and shows a negative value. The MACD indicator hints at a possible price drop ahead for the asset since the bears are still active in the market. 
However, <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> is still above its 50-day and 200-day Simple Moving Averages (SMA), a bullish sentiment for the short and long term. The 50-day SMA has correlated with a support level sustaining <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> for the last three days.
<figure><img src="https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-860x471.png?resize=788%2C432&amp;ssl=1" alt="Cardano ADA" srcset="https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-860x471.png?resize=788%2C432&amp;ssl=1 860w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-460x252.png 460w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-768x420.png 768w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-750x411.png 750w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-1140x624.png 1140w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30.png 1529w" /><figcaption><a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> trading sideways on the chart l <a target="_blank" href="https://www.tradingview.com/x/DmDkyGuy/">ADAUSDT on Tradingview.com</a></figcaption></figure>
<h2>Cardano’s Developmental Strides Might Facilitate A Rally</h2>
<a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a>’s reputation as a developers’ hub is rising, with an active community backing the project. <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> in the <a target="_blank" href="https://forum.cardano.org/t/cardano-community-digest-1-may-2023/117516">Community Digest</a> announced the upcoming <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> summit in 2023. 
The event will hold in Dubai between November 2 and 4, 2023. It will provide networking opportunities in the community and access to top <a target="_blank" title="Crypto" href="https://www.cryptobreaking.com/go/crypto/">crypto</a> executives that will speak at the event.
Although <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> is in a bearish phase, its developmental strides will likely boost its price action in the coming days.
Aada Finance <a target="_blank" href="https://twitter.com/AadaFinance/status/1653715010487451648">announced</a> the release of Aada V.2, a pool manager for NFTs. Holders of NFTs can delegate locked <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> to any pool and register a new stake pool. Users can transfer, sell or stake NFTs on DeFi platforms.
<h3>Cardano Active Wallets and Whale Activities Soars</h3>
Also, <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a>’s transaction volume has increased partly due to an increase in the total number of active wallets. The total number of wallets on the network currently stands at <a target="_blank" href="https://twitter.com/WhaleChart/status/1640860237098889220">4 million.</a> Also, Input Output Global (IOG), the developer behind the network, revealed that <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a>’s <a target="_blank" href="https://twitter.com/InputOutputHK/status/1651929236905635840">processed 65.4 million</a> transactions in the past week. 
The increase in transaction volumes correlates with a rise in whale activity on the network. The whales are currently in an <a target="_blank" href="https://twitter.com/cardano_whale/status/1653920101471768576">accumulation phase</a> hinting at growing confidence in <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a>’s long-term potential.
Featured image from Pixabay and chart from <a target="_blank" title="TradingView" href="https://www.cryptobreaking.com/go/tradingview/">Tradingview</a>.com
 Source: NewsBTC.com
 <div><h4>Links</h4>			<div><ul>
<li><a href="https://www.cryptobreaking.com/submit-a-press-release/" target="_blank">Submit your press release on this website</a></li>
<li><a href="https://www.cryptobreaking.com/advertise/" target="_blank">Advertise on our website</a></li>
<li><a href="https://www.cryptobreaking.com/go/etoro/" target="_blank">Buy and sell Bitcoin and other cryptos on eToro</a></li>
<li><a href="https://www.vincenzostefanini.it/portfolio/" target="_blank">Invest and copy a professional crypto trader on eToro automatically</a></li>
<li><a href="https://www.cryptobreaking.com/go/ledger/" target="_blank">Buy a Ledger crypto hardware wallet</a></li>
<li><a href="https://www.federicamontella.com/my-etoro-portfolio/" target="_blank">Invest and copy a professional stock trader on eToro automatically</a></li>
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Crypto Breaking

Cardano (ADA) Price Plunges As Bears Try To Over | Crypto Breaking News

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Cardano (ADA) is trading below yesterday’s <a target="_blank" href="https://coinmarketcap.com/currencies/cardano/">closing price</a> as it exhibits price volatility. This price drop comes despite the fact that its trading volume increased by over 26% in the last 24 hours. 
ADA has now lost its earlier gains in the past week, dropping from $0.4028 on April 29, 2023, to $0.3974 on April 30. Currently, it is trading in the $0.3926 range. Its past price behavior suggests it will likely recover from the bearish trend.
Fortunately, Cardano retains most of its gains in 2023, moving from $0.248 on January 1, 2023, to its current price of $0.3922 at press time.
<h2>ADA Price Analysis</h2>
ADA is experiencing price volatility today, forming a red candle on the daily chart. The Relative Strength Index is at 47.41 and reflects price neutrality as the bulls and bears battle for control. 
Related Reading: <a target="_blank" href="https://www.newsbtc.com/analysis/pepe/pepe-coin-versus-bitcoin-comparison/">Check Out This Shocking Pepe Coin Versus Bitcoin Comparison</a>
Also, ADA’s Moving Average Convergence/Divergence (MACD) is below its signal line and shows a negative value. The MACD indicator hints at a possible price drop ahead for the asset since the bears are still active in the market. 
However, ADA is still above its 50-day and 200-day Simple Moving Averages (SMA), a bullish sentiment for the short and long term. The 50-day SMA has correlated with a support level sustaining ADA for the last three days.
<figure><img src="https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-860x471.png" alt="Cardano ADA" srcset="https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-860x471.png 860w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-460x252.png 460w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-768x420.png 768w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-750x411.png 750w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30-1140x624.png 1140w, https://www.newsbtc.com/wp-content/uploads/2023/05/ADAUSDT_2023-05-04_17-41-30.png 1529w" /><figcaption>ADA trading sideways on the chart l <a target="_blank" href="https://www.tradingview.com/x/DmDkyGuy/">ADAUSDT on Tradingview.com</a></figcaption></figure>
<h2>Cardano’s Developmental Strides Might Facilitate A Rally</h2>
Cardano’s reputation as a developers’ hub is rising, with an active community backing the project. Cardano in the <a target="_blank" href="https://forum.cardano.org/t/cardano-community-digest-1-may-2023/117516">Community Digest</a> announced the upcoming Cardano summit in 2023. 
The event will hold in Dubai between November 2 and 4, 2023. It will provide networking opportunities in the community and access to top crypto executives that will speak at the event.
Although Cardano is in a bearish phase, its developmental strides will likely boost its price action in the coming days.
Aada Finance <a target="_blank" href="https://twitter.com/AadaFinance/status/1653715010487451648">announced</a> the release of Aada V.2, a pool manager for NFTs. Holders of NFTs can delegate locked ADA to any pool and register a new stake pool. Users can transfer, sell or stake NFTs on DeFi platforms.
<h3>Cardano Active Wallets and Whale Activities Soars</h3>
Also, Cardano’s transaction volume has increased partly due to an increase in the total number of active wallets. The total number of wallets on the network currently stands at <a target="_blank" href="https://twitter.com/WhaleChart/status/1640860237098889220">4 million.</a> Also, Input Output Global (IOG), the developer behind the network, revealed that Cardano’s <a target="_blank" href="https://twitter.com/InputOutputHK/status/1651929236905635840">processed 65.4 million</a> transactions in the past week. 
The increase in transaction volumes correlates with a rise in whale activity on the network. The whales are currently in an <a target="_blank" href="https://twitter.com/cardano_whale/status/1653920101471768576">accumulation phase</a> hinting at growing confidence in ADA’s long-term potential.
Featured image from Pixabay and chart from Tradingview.com
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<img alt="Eli Dambel" src="https://secure.gravatar.com/avatar/7d6b7cc0af6caafb14b64ef9b6fd707d?s=80&amp;d=mm&amp;r=g" srcset="https://secure.gravatar.com/avatar/7d6b7cc0af6caafb14b64ef9b6fd707d?s=160&amp;d=mm&amp;r=g 2x" /> 
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Eli brings an eclectic point of view to market analysis. Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future.
You can follow Eli on Twitter: @EliDambel 
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NewsBTC

Cardano (ADA) Price Plunges As Bears Try To Over

<article>
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	<img src="https://www.crypto-news-flash.com/wp-content/uploads/2023/02/Cardano-as-the-best-choice-of-watches-1000x600-1.jpg" alt title="Cardano Gets Groundbreaking New Feature to Conquer Billion-Dollar Market – Is ADA Poised to Explode in Price? Report" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2023/02/Cardano-as-the-best-choice-of-watches-1000x600-1.jpg 1000w, https://www.crypto-news-flash.com/wp-content/uploads/2023/02/Cardano-as-the-best-choice-of-watches-1000x600-1-300x180.jpg 300w" />				
			
<ul>
<li>With Aada’s new Pool Manager NFT, users will be able to delegate the locked ADA to any other pool along with registering the new stake pool.</li>
<li>The Aada Finance V2 seeks to address the two most important factors for a lending platform, decentralization, and liquidity.</li>
</ul>
<hr />
Cardano-based decentralized lending protocol Aada Finance announced that it has now introduced version 2 along with introducing a pool manager NFT.
Thus, with Aada’s new Pool Manager NFT, users will be able to delegate the locked ADA to any other pool along with registering the new stake pool.
In the case of delegating the locked ADA to any pool, the NFT holder will manage where the locked ADA is delegated. As a result, the pool manager NFT holder gets to control only the ‘deposit’ and ‘collateral’ of the specific pool.
In case the pool manager NFT holder registers as a stake pool, the holder can publish any stake certificate including a stake pool registration as well as de-registration.
<blockquote>
🚀 Exciting news for <a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> enthusiasts. 
With Aada V.2 we are introducing a Pool Manager NFT where it's holder will be able to: – Delegate locked ADA (supply or collateral) to any pool – Register new stake pool
How do you measure this NFT value?<a target="_blank" href="https://twitter.com/hashtag/CardanoCommunity?src=hash&amp;ref_src=twsrc%5Etfw">#CardanoCommunity</a> <a target="_blank" href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw">#ADA</a> <a target="_blank" href="https://t.co/U6swocDvGA">pic.twitter.com/U6swocDvGA</a>
— Aada (@AadaFinance) <a target="_blank" href="https://twitter.com/AadaFinance/status/1653715010487451648?ref_src=twsrc%5Etfw">May 3, 2023</a></blockquote>
Aada is a decentralized lending and borrowing protocol built atop the Cardano blockchain network and backed by NFTs. Also, the Aada decentralized protocol has multiple use cases such as:
<ul>
<li>Shorting: Aada Finance allows users to borrow non-fungible tokens (NFTs), sell, or repurchase the assets in order to increase their positions.</li>
<li>Leverage: Aada facilitates trustless leverage trading by allowing traders to borrow more capital than they have, while thus increasing their purchasing or selling power.</li>
<li>Farming: Aada provides yield-farming facilities to users, which is one of the widely used risk-management strategies in decentralized finance (DeFi). Aada Finance will allow everyone to maximize their profits by borrowing the desired asset without owning them.</li>
<li>Hedging: Aada Finance also facilitates hedging to counter price volatility in the crypto space.</li>
</ul>
<h3>The Benefits of Using Aada</h3>
The new Pool Manager NFT from Aada will allow borrowers and lenders to lock their deposits and loans into NFT bonds such that anyone can redeem it by providing the underlying NFT and fulfilling the loan conditions. This feature will unveil an entirely new financial instrument for users to transfer, sell, or stake on the decentralized finance (DeFi) platform.<div><div><h2>Subscribe to our daily newsletter!</h2></div>          No spam, no lies, only insights. You can unsubscribe at any time. </div>
With the Aada V2, the platform will offer a more user-friendly interface and interaction. Aada Finance notes that the two most important factors for a lending platform are decentralization and liquidity. The Aada Finance V2 seeks to address this dilemma by splitting the app into two separate entities:
<ol>
<li>Protocol (smart contracts, liquidity pools, and token holders);</li>
<li>UI (the app.aada.finance website, and the batching mechanism).</li>
</ol>
As per <a href="https://medium.com/@aada.finance/aada-finance-v2-further-overview-of-the-fees-and-oracles-1b28c06c60b7" target="_blank">Aada Finance</a>, “the split will enable users to interact with the smart contracts without the need to access the app’s interface. Using this method will be cost-free, and only network fees will apply”.
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