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ADALend is a revolution for the defi sector



ADALend is a scalable and decentralized lending protocol that is managed by a decentralized autonomous organization. ADALend offers its users various decentralized financial instruments. All you need is internet access without having to complete complicated KYC requirements like in the mainstream banking system.

The ADALend protocol will improve the efficiency of digital assets as it enables the accumulation of assets to fund multiple loan pools. It uses the Cardano blockchain to unlock the full potential of DeFi and serve as a full replacement for the traditional financial sector.

The green blockchain

The blockchains of the future will have to pollute the environment less and work efficiently without consuming enormous amounts of energy. Cardano is one of the most energy-efficient blockchains in the industry - 1.6 million times lower than Bitcoin and well below the average of large-capitalization currencies.

Cardano also announced a partnership with Veritree. The company launched the “ First Global Cardano Impact Challenge ”. An initiative that reinvests donations directly into the reforestation of trees around the world.

Platform security

The Cardano code base was developed in Haskell, a widely-used programming language, and was deliberately chosen because of its easy verifiability. Furthermore, the blockchain offers an additional level of security so that the ADALend protocol can function without failures. Many DeFi protocols currently still have problems due to blockchain complexity. ADALend, on the other hand, is considered to be one of the most efficient and stable DeFi platforms on the market.

ADALend will also benefit from the further developments of the Cardano blockchain being carried out by Input Output Hong Kong (IOHK). Behind it is a strong team that is working on further improving the blockchain.

summary

The two most important factors to consider when looking for future financial instrument providers are efficiency and security. These values ​​will come first for users in 2022 and beyond. The replacement of the traditional banking system will not happen overnight, but the constant research into stable alternatives will be seen as the end of traditional financial services.

ADALend had a highly sought-after seed round early last month. But since the private sale is about to end, many investors could now be scrambling to get a place.

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