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ADALend Joins ‘The Essential Cardano List’ By IOHK

Published Nov 03, 2021 10:30AM ET
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  • ADALend listed on ‘The Essential Cardano List’.
  • ADALend enables permissionless lending on any pairing.

The crypto world never fails to surprise its investors and community with its amazing crypto projects. This time, ADALend, a decentralized lending protocol governed by the Cardano system, has been listed by Input-Output Hong Kong (IOHK) on their Essential Cardano List of projects that are supporting and providing Cardano users with their products and services.

The listing of ADALend in the IOHK Essential Cardano List is a milestone achievement for the project. Furthermore, ADALend plans to broadcast consumer awareness for the project and its features. Indeed, this is an event that the ADALend community should celebrate.

As for the key features of ADALend, the network has a lot of qualities to showcase. Firstly, it has permissionless lending on any pairing. This means that ADALend always ensures that the best offers are available and that only the safest oracles are used. Secondly, incentivized liquidity, a feature that incentivizes users to deposit assets and provide liquidity.

Thirdly, the platform allows community governance where token holders can vote or introduce new proposals. Lastly, the ecosystem foundation layer, a feature that has the ability to attract assets and build incentives.

On the other hand, the Input-Output Hong Kong (IOHK) is a technology firm that creates cryptocurrencies and blockchains for academic institutions and government agencies to name a few. It was founded by Charles Hoskinson and Jeremy Wood.

IOHK is also considered the brains behind Cardano, a crypto network that provides low transaction fees, high transaction speed, better code of security with multiple oracles, and of course, it is environmentally friendly. The reputation that IOHK and Cardano possess makes them one of the top crypto platforms in the space. Now, ADALend has been listed as one of the projects to join these crypto networks.

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ADALend Joins ‘The Essential Cardano List’ By IOHK

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