ADALend, a pioneering decentralized lending protocol that leverages the Cardano blockchain (ADA) for instant loans, is now indexed by CardanoCube
- ADALend is now available on CardanoCube: Details
- Powered by Plutus Application Backend (PAB), ADALend is ready to take new steps
ADALend, one of the first protocols that leverages Cardano smart contracts (ADA) for decentralized lending and borrowing operations, has partnered with the CardanoCube data platform.
ADALend is now available on CardanoCube: Details
According to the official announcement shared by the ADALend team, its app is now listed by CardanoCube, a platform that tracks the performance and key metrics of decentralized applications (dApps) launched on Cardano’s PoS network.
Simply put, CardanoCube functions much like the CoinMarketCap of Cardano’s nascent decentralized financial applications (dApps) ecosystem. Through its main page, crypto enthusiasts can discover Cardano’s most interesting dApps across all hot categories: memecoins, launchpads, stablecoins, marketplaces, etc.
In addition, CardanoCube follows Cardano’s latest dApps (ADA) and the most promising projects, judging by enthusiasts in its ecosystem. Certain projects can collaborate with CardanoCube under special conditions and obtain a positive vote with the label “Promoted”.
By clicking “Learn More” next to the name of an interesting token, Cardano enthusiasts (ADA) can see all of its crucial parameters, including its type, release date, token supply. in net circulation, direct links to its official blogs and social networks. platforms and so on.
Finally, a brief description is provided for each listed project so that all potential investors can familiarize themselves with its proposal, story, early backers, and business model.
Powered by Plutus Application Backend (PAB), ADALend is ready to take new steps
As the integration with CardanoCube allows ADALend to market its business within the global blockchain community, its representatives say this is an important step for ADALend:
ADALend recently emerged as Cardano’s essential dApp that has high potential to impact the DeFi market with its launch. ADALend has had a busy few months developing and providing information to communities about the project and what it is supposed to accomplish.
As covered by U.Today previously, Cardano’s ADALend will leverage the most advanced Cardano development framework to date, i.e. Plutus Application Backend (PAB).
ADALend will deploy its Plutus primitives with this instrument to save development time and resources.
In the fourth quarter of 2021, ADALend raised $ 540,000 from a group of leading VCs and reputable angel investors.