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Cardano lending platform offers DeFi integration



ADALend is a DeFi project based on Cardano. The team plans to begin developing its cross-platform integrations shortly. The cross-platform integration will simplify and enable access to decentralized financial services for a wider range of users around the globe.

ADALend's managing director, Javed Khattak, has already announced that ADALend will work on its user interface, usability, and simplicity of the platform in order to reduce the barriers to entry for ordinary users into decentralized financing

What features does ADALend from Cardano offer?

ADALend is a decentralized lending protocol that is organized by the Cardano system. Within this Cardano system, ADALend will increase the flexibility of the digital financial markets by providing a basis for immediate access to loans and collateral. ADAlend can thus insure the permanent liquidity of the lender's blockchain assets. The new platform offers the following features:

Permissionless lending for every trading pair: The system ensures that users always receive the best available offers. Several of oracles support the system. This eliminates the need for authorizations for each available trade pair.

Liquidity incentives: The concept that creates the incentives for cash deposits ensure that the ADALends pools remain highly liquid. This allows the platform to offer low-interest rates and ensure asset availability for borrowers.

Community governance: Governance proposals published by ADALend or the community must be accepted by the token holders through a voting system. This guarantees that the project will always be further developed in the best interests of the users and the ADALend community.

Foundation Layers for the Ecosystem: The ADALend project will offer a range of financial products. The aim is for ADALend to become an independent platform for financial solutions. It should offer users a completely independent ecosystem that should replace classic and modern financial solutions or providers.

ADALend invites everyone to read the whitepaper and familiarize themselves with all of the impressive features and protocols that make up the project.

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