Cross Chain Exchange // Swap Protocol
Ravendex will be a decentralized automated market maker protocol that will enable users to swap and trade native cardano tokens in a trustless manner.

On top of the Cardano ecosystem, the eUTXO architecture provides a one-of-a-kind opportunity for exchanges to pool liquidity.

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Ravendex

<div id="content"><div><div><div id="primary"><div><div><div><p>Cardano-based multi-protocol DeFi platform <a rel="nofollow noopener" target="_blank" href="https://twitter.com/Ravendexlabs/status/1517096014649430016">Ravendex</a> has&nbsp;issued an&nbsp;apology to the Cardano <a rel="nofollow noopener" target="_blank" href="https://u.today/shib-gains-traction-among-eth-whales-becoming-most-used-smart-contract-for-them">cryptocurrency</a> community after releasing an insulting message calling them toxic and childish, but users are not sure if the posts are genuine.</p><p>The surprising post with insults for&nbsp;the Cardano community appeared a couple of hours ago and was almost immediately deleted by Ravendex. It contained an &ldquo;opinion&rdquo;&nbsp;about the community and ecosystem of Cardano.</p><p dir="ltr" lang="en">We would like to apologise for the tweets posted over the last hours from Ravendex that in a way undermind the beautiful community <a rel="nofollow noopener" target="_blank" href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw">@cardano</a> has.</p><p>We acted out of line.</p><p>We will apologise to the <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> Community and we will continue building innovative products for cardano</p><p>&mdash; Ravendex (@Ravendexlabs) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/Ravendexlabs/status/1517096014649430016?ref_src=twsrc%5Etfw">April 21, 2022</a></p><p>The official account of the platform described the entire ecosystem as &ldquo;very toxic&rdquo;&nbsp;and &ldquo;unhealthy&rdquo;&nbsp;since it is filled with a lot of &ldquo;crybabies.&rdquo; The message has not elaborated on the reason that&nbsp;<a rel="nofollow noopener" target="_blank" href="https://u.today/cardano-creator-says-cardano-is-just-starting-after-adding-100000-new-addresses-in-last-month">Cardano</a> community members are crybabies or toxic.</p><p>But as Ravendex went over regular users, it&nbsp;noticed that the infrastructure that Cardano provides for developers is &ldquo;superb,&rdquo;&nbsp;and they will keep building their product in the ecosystem regardless of the community surrounding it.</p><p>As the post was removed, Ravendex issued an apology to the community, saying that all tweets posted in the last hours have been an act out of line. They have also called the Cardano community &ldquo;beautiful&rdquo;&nbsp;and stated that they will continue building more products for the network.</p><p>Shortly after the release of a &ldquo;heartbreaking&rdquo;&nbsp;apology, some users noticed that the initial message and immediate apology looked like a staged marketing case as they found similarities with the situation that previously happened with SundaeSwap.</p><p>Someone even noticed that the majority of <a rel="nofollow noopener" target="_blank" href="https://u.today/cardano-based-nft-piece-goes-for-record-breaking-135000-ada">Cardano-based</a> products like Minswap, MuesliSwap and now Ravendex use a similar way of promoting themselves by creating &ldquo;drama&rdquo;&nbsp;on social media that&nbsp;is usually tied to relationships with the Cardano community. Other users reacted positively to the apology and suggesting that the whole situation looks and sounds childish.</p></div><p>Source: https://u.today/ravendex-apologizes-to-cardano-community-heres-why</p></div></div><h2>Post navigation</h2></div></div></div></div>


BitcoinEthereumNews

Ravendex Apologizes to Cardano Community, Here’s Why


																		
											
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<p>Wave Financial LLC (Wave), an SEC-regulated digital asset investment management company, has announced the launch of the Wave ADA Yield Fund.</p>
<p>The fund is designed to provide liquidity with millions in line to support new decentralized finance (DeFi) platforms launched in the Cardano ecosystem starting with an initial $100 million.</p>

<p><strong>&ldquo;Our new fund will support the new decentralized exchanges, lending protocols, and stablecoin issuers building on Cardano. Each of these decentralized applications adds to the strong foundation of the Cardano blockchain as it realizes a fully functional and diverse ecosystem.&rdquo;</strong><br><a href="https://wavegp.com/" target="_blank" rel="noopener"><strong>&ndash; David Siemer, CEO of Wave Financial</strong></a></p>

<p>The new ADA Yield Fund represents the continuation of Wave&rsquo;s mission to support promising entrepreneurs within the crypto space beyond the early stage and foster greater innovation in the overall crypto ecosystem.</p>

<p><strong>&ldquo;Since the formal <a href="https://www.cryptoninjas.net/2021/09/14/cardano-blockchain-upgrade-sees-over-100-smart-contracts-in-the-first-24-hours/" target="_blank" rel="noopener">launch of smart contracts in 2021</a>, the Cardano community has launched and funded hundreds of companies building on the Cardano blockchain. Cardano&rsquo;s growing ecosystem is hosting an ever-expanding universe of applications supporting significant numbers of active users &ndash; it&rsquo;s critical for the success of the ecosystem that Cardano-based projects thrive, and so we are pleased that the ADA Yield Fund is committing substantial financial resources to facilitate continued growth and market acceptance.&rdquo;</strong><br><a href="https://iohk.io/" target="_blank" rel="noopener"><strong>&ndash; Charles Hoskinson, Founder of Input Output, the software technology company that has been an early supporter of Cardano</strong></a></p>

<p>Historically, DeFi dApps are among the most popular in crypto in terms of bringing more users and applications on-chain. Specifically, decentralized exchanges (DEXs) and DeFi lenders have gained the fastest popularity in terms of attracting users and capital.</p>
<p><strong>A DEX typically is set up without market makers, but with two pools of assets that represent each side of a trading pair that serves as a source for DEX counterparties to trade against when they want to transact on either side of the pair. Wave will be using the ADA Yield Fund to provide liquidity to these pairs of pools to support <a href="https://www.cryptoninjas.net/2021/10/21/cardano-based-decentralized-exchange-ravendex-reveals-demo/" target="_blank" rel="noopener">Cardano DEXs</a>.</strong></p>
<p>For DeFi lenders, there will also be a similar form of support to augment liquidity to facilitate lending. Moreover, Wave will continue to support and expand stake pools to strengthen the Cardano network.</p>

<p><strong>&ldquo;The launch of the Wave ADA Yield Fund, plus the Wave Financial team&rsquo;s commitment to supporting promising entrepreneurs, indicates a thriving healthy ecosystem. For our community to build the world&rsquo;s future financial and social operating system, then the strength of our ecosystem matters. We will always be stronger as a collective than as a single unit.&rdquo;</strong><br><a href="https://cardano.org/" target="_blank" rel="noopener"><strong>&ndash; Frederik Gregaard, CEO of the Cardano Foundation</strong></a></p>

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<p><a href="https://www.cryptoninjas.net/2022/04/01/wave-financial-launches-100m-ada-yield-fund-to-support-cardanos-defi-growth/">Source link </a> 									</p></div>
											
										


Worldnftnews

Wave Financial launches $100M ADA Yield Fund to support Cardano’s DeFi growth » CryptoNinjas

<div> <div><figure><a href="https://thecoinrise.com/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized..jpg" data-caption="The co-founder of the Cardano admitted that his prediction of the amount of DApps arriving on the blockchain has not been realized."><img width="696" height="498" sizes=" 696px) 100vw, 696px" alt="The co-founder of the Cardano admitted that his prediction of the amount of DApps arriving on the blockchain has not been realized." title="The co-founder of the Cardano admitted that his prediction of the amount of DApps arriving on the blockchain has not been realized." nitro-lazy-srcset="https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized.-696x498.jpg 696w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized.-300x214.jpg 300w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized.-1024x732.jpg 1024w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized.-768x549.jpg 768w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized.-1068x764.jpg 1068w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized.-587x420.jpg 587w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized..jpg 1140w" nitro-lazy-src="https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-e4d804b/wp-content/uploads/2022/03/The-co-founder-of-the-Cardano-admitted-that-his-prediction-of-the-amount-of-DApps-arriving-on-the-blockchain-has-not-been-realized.-696x498.jpg" nitro-lazy-empty id="MTM4MToyNDEx-1" src="image/svg+xml;nitro-empty-id=MTM4MToyNDEx-1;base64,PHN2ZyB2aWV3Qm94PSIwIDAgNjk2IDQ5OCIgd2lkdGg9IjY5NiIgaGVpZ2h0PSI0OTgiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyI+PC9zdmc+"></a>The co-founder of the Cardano admitted that his prediction of the amount of DApps arriving on the blockchain has not been realized.</figure></div> <p><span data-preserver-spaces="true">Charles Hoskinson, the co-founder of the Cardano blockchain, has jokingly admitted that his prediction of the amount of DApps arriving on the blockchain in July 2020 has not yet been realized.</span></p> <p><span data-preserver-spaces="true">&ldquo;Remember when I predicted thousands of assets and DApps on Cardano?&rdquo; Hoskinson&nbsp;</span><a href="https://twitter.com/IOHK_Charles/status/1506633303838887936?s=20&amp;t=CRBImtj6jBUWOOzXv028JQ" target="_blank" rel="noopener"><span data-preserver-spaces="true">tweeted</span></a><span data-preserver-spaces="true">&nbsp;on Mar. 23, referring to his famous July 2020 remark. &ldquo;Well, I was wrong; millions of native assets have indeed been issued, and DApps are now in the hundreds. #SlowAndSteady.&rdquo;</span></p>  <p lang="en" dir="ltr">Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now in the hundreds. <a href="https://twitter.com/hashtag/SlowAndSteady?src=hash&amp;ref_src=twsrc%5Etfw">#SlowAndSteady</a> <a href="https://t.co/mK4So6NHa1">https://t.co/mK4So6NHa1</a></p> <p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1506633303838887936?ref_src=twsrc%5Etfw">March 23, 2022</a></p>  <p><span data-preserver-spaces="true">He may have misinterpreted his own tweet, as he forecasted in July 2020 that by 2021, the blockchain would have &ldquo;hundreds of assets and thousands of DApps&rdquo; running on it.</span></p> <p><span data-preserver-spaces="true">While new NFT minting techniques appear to have outperformed his forecasts by 2022, the amount of decentralized apps running on the system isn&rsquo;t quite as remarkable.</span></p> <p><span data-preserver-spaces="true">DeFiLlama, the famous DeFi analytics platform, tracks only seven Cardano-based DApps with a total value locked (TVL) of $315.72 million, excluding staked governance tokens. Outside of governance tokens, two of those DApps have no TVL.</span></p> <p><span data-preserver-spaces="true">TheCoinRise has written an exclusive review about a&nbsp;</span><a href="https://thecoinrise.com/ravendex-review-first-non-custodial-dex-on-the-cardano-ecosystem/" target="_blank" rel="noopener"><span data-preserver-spaces="true">promising Cardano startup Ravendex</span></a><span data-preserver-spaces="true">&nbsp;(RAVE).</span></p> <h2><span data-preserver-spaces="true">Vasil Cardano hard fork upgrade will attract developers</span></h2> <p><span data-preserver-spaces="true">Hoskinson believes that developers are waiting for the Vasil Cardano hard fork upgrade to be released in June before deploying their projects. There are 579 DApps in different phases of development, as per the data by Cardano Cube, an ecosystem tracker.</span></p>  <p lang="en" dir="ltr">What most also don't understand is that many Cardano DApps are waiting for the Vasil hardfork in June to launch to benefit from pipelining. So it seems we ain't seen nothing yet on TVL <a href="https://t.co/mMHxwRrF96">https://t.co/mMHxwRrF96</a></p> <p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1502682831574630408?ref_src=twsrc%5Etfw">March 12, 2022</a></p>  <p><span data-preserver-spaces="true">While the data defies some of Hoskinson&rsquo;s more optimistic 2020 predictions, it does demonstrate that the Cardano ecosystem has been steadily improving throughout 2022. The&nbsp;</span><a href="https://thecoinrise.com/sundae-to-be-listed-by-top-crypto-exchange-bitrue/" target="_blank" rel="noopener"><span data-preserver-spaces="true">establishment of the SundaeSwap DEX</span></a><span data-preserver-spaces="true">&nbsp;on January 21 helped in a significant increase in total value locked (TVL). According to DeFiLlama, ADA TVL jumped more than 24 times in a single day from $3 million to $87.7 in the days prior to the launch.</span></p> <p><span data-preserver-spaces="true">ADA has been&nbsp;</span><a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener"><span data-preserver-spaces="true">performing</span></a><span data-preserver-spaces="true">&nbsp;really well in the past few days by rising more than 38% in the last 7 days.</span></p> <p><span data-preserver-spaces="true">As TheCoinRise reported, the founder of the company said that&nbsp;</span><a href="https://thecoinrise.com/cardano-aims-to-perform-at-the-same-level-as-solana/" target="_blank" rel="noopener"><span data-preserver-spaces="true">Cardano aims to compete with Solana</span></a><span data-preserver-spaces="true">.</span></p>  </div>


Thecoinrise

Cardano continues uptrend while founder admits that he was wrong about DApp rollout

<img src="/site/uploads/2022/Mar/21/demand-ravendex-utility-token-surges.webp" alt=""><br><p><a href="https://ravendex.io/" target="_blank" rel="nofollow noopener">Ravendex</a>, a fast-growing project built on the Cardano ecosystem has announced the listing announcement of the project’s utility&nbsp;<a href="https://docs.ravendex.io/how-to-buy-rave-token" target="_blank" rel="nofollow noopener">$RAVE token</a>&nbsp;on Bitrue crypto exchange on 21st March.</p><p>Consequently, the announcement saw RAVE token price surging as users are looking to hold some Rave tokens before it lists on the new exchange which would further increase its reach and adoption.</p><p>Rave token surged by about 20% as at the time of writing this release.</p><p>Rave token is already tradable on Centralized exchanges like Bitmart and also on decentralized protocols like Sundaeswap and Minswap.</p><p>Ravendex according to its roadmap intends to launch their fully feature Cardano DEX before the end of Q3 2022.</p><h2>Future Plans</h2><p>As one of the very first projects created on the Cardano blockchain, Ravendex is on a mission to utilize the Alonzo Hard Fork update on the Cardano Ecosystem to create and build innovative and interactive Apps that would further increase the Cardano ecosystem adoption and also give further utility to Rave token which will increase the demand and subsequently the price.</p><p>Some of the features outlined in the Ravendex roadmap include:&nbsp;Rave Token Staking, NFT Staking and LP Tokens Yield Farming where there are different reward rates that would be determined by the amount of Rave assets holding.</p><p>Staking the NFTs are one of the highlighting features of this NFT project. Holders can stake $RAVE NFTs to earn rewards and the rewards can be compounded when the user has Given Liquidity to the Rave/ADA pool on Sundaeswap.</p><p>ISPO is a novel way of rewarding users in a project’s token when they stake to the project pool.</p><p>RAVEP,&nbsp;<a href="https://ispo.ravendex.io/" target="_blank" rel="nofollow noopener">Ravendex’s ISPO</a>&nbsp;pool already has more than 9 million in ADA have been staked in the pool and over 4 Million worth of Rave waiting to be claimed by the delegators.</p><p>Buy Rave on&nbsp;<a href="https://www.bitmart.com/trade/en?symbol=RAVE_USDT" target="_blank" rel="nofollow noopener">Bitmart</a>.&nbsp;Buy Rave on&nbsp;<a href="https://exchange.sundaeswap.finance/#/swap?swap_from=14a3455f71c435a04ea1fdb50a3ef4c1cab0e79fb1565627ac66a575.52415645&amp;swap_to=cardano.ada" target="_blank" rel="nofollow noopener">Sundaeswap</a>.&nbsp;Rave NFT on&nbsp;<a href="https://www.jpg.store/collection/ravenfts-thegenesis" target="_blank" rel="nofollow noopener">Jpg.store</a>.</p><p>Social Media:&nbsp;<a href="https://github.com/Ravendexlabs" target="_blank" rel="nofollow noopener">GitHub</a>,&nbsp;<a href="https://t.me/RaversNests" target="_blank" rel="nofollow noopener">Telegram</a>,&nbsp;<a href="https://twitter.com/ravendexlabs" target="_blank" rel="nofollow noopener">Twitter</a>,&nbsp;<a href="https://ravendex.medium.com/" target="_blank" rel="nofollow noopener">Medium</a>,&nbsp;<a href="https://docs.ravendex.io/" target="_blank" rel="nofollow noopener">Documentation</a>.</p><div class="js_stick-social "></div><div class="content-share js_fixed-social fix-social fixed"></div>

Ravendex ($RAVE)

First Non Custodial DEX On The Cardano Ecosystem Powered by $RAVE

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