- ADAlend.finance has just sold out its private sale in a few hours.
- It brings decentralized lending to the Cardano-based blockchain.
- ADAlend protocol will enhance the new wave of flexible financial markets.
ADAlend.finance has just sold out its private sale in a few hours. Moreover, seven private angel investors have bought the whole seed allocation of 1.8M Cardano native ADAL tokens for $540k. Notably, ADAlend.finance is a protocol which brings decentralized lending to the Cardano-based blockchain.
As a result of high demand for good quality Cardano native DeFi projects. This is perfect timing with the launch of ADA smart contracts around with the Alonzo upgrade. Notably, the ADAlend seed round was oversubscribed for 400%, and users who have not made it into the seed stage level have been whitelisted for the private sale.
DAO Governed ADALend
ADALend develops a scalable and decentralized lending protocol on Cardano. Moreover, the platform is DAO governed and it is based on a pure Cardano native token ADAL. In fact, Ethereum related platforms like Aave have dominated the DeFi lending industry. However, the team at ADAlend thinks the time is right to change the guard.
Moreover, the speed and low transaction value of Cardano makes it the perfect blockchain. This creates a democratic lending space for anyone in the world who needs to borrow dollars without spending their digital assets.
In addition, the ADAlend protocol will enhance the new wave of flexible financial markets. More so, the Cardano is the PoS market leader as a collection of protocols for economic support to many people. Over the last decade, the DeFi space has been forced to develop. In order to keep pace with the development of the crypto market.
All-in-all, the ADAlend protocol will offer the new wave of flexible financial markets by offering a layer for instant approval of loan, automated collateral, trustless custody, and liquidity.
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