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Snoop Dogg's Son With Cardano Album – Aada Finance TVL Increases 50,000,000%

 


Shortly before the Vasil hard fork, Champ Medici (Snoop Dogg's son) is helping Cardano gain more publicity with an NFT album. There is also a new exciting development on Cardano: NFT bonds.


Champ Medici's "crypto" rap album "Clay Nation Vol.1" contains three songs about Cardano and its cryptocurrency ADA. Interested parties can buy the songs for the first time in the form of an NFT or listen to them for free on the artist's YouTube channel .



Medici, like his father Snoop Dogg, is a big fan of the Cardano project. The latter has already worked with Cardano founder Charles Hoskinson on some how-to videos and has published its own NFT collection on Cardano.


“Cardano Dreams are manifesting” because it is “too legit”.

On the first song “ADA Dreams”, the son of hip-hop legend Snoop Dogg raps about his dreams of becoming rich with Cardano. Additionally, the song includes a "skit" by Snoop, where the rap icon talks about the future of blockchain technology.


In the second song "Manifest" the rapper explains why he will continue to hodl ADA despite all the negative news. For him, the fundamental properties of this blockchain are too "legit" (which means as much as flawless. The last title "Lil Flex'n" revolves around the topic of NFT and how he intends to get incredibly rich with it.


Whether the "ADA-Dreams" will really manifest is of course still open. However, the rapper Cardano helps to get more publicity shortly before the long-awaited Vasil hard fork. The Vasil hard fork is one of the most significant upgrades to the Cardano blockchain . Vasil will start on September 22, 2022 and is scheduled to finish on September 27, 2022.


Aside from the new rap album, there is another new and notable NFT product on Cardano: NFT-Bonds.

Crypto lending project Aada Finance launched the first P2P lending protocol on the Cardano blockchain on September 14, 2022. Aada Finance offers traders the opportunity to open leveraged positions.


The advantage: So-called short positions are also possible on the blockchain. By lending your ADA against stablecoin, you can protect your coins from price fluctuations or even benefit from falling prices by buying your ADA back cheaper.


So-called NFT bonds are used for the trading positions and other features. These NFTs ensure that your trading positions remain your property and no exchange can manipulate them. Aada Finance thus offers a decentralized alternative to classic brokers.


In addition to being able to trade on the Cardano blockchain, the lending protocol also offers yield farming and interest on your cryptocurrencies.


The increase in Total Value Locked (the value of ADA locked in the project) is notable. According to data from DeFi Lama, TVL has increased by 59,140,445% since the beginning of September.

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All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

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