ADALend (ADAL)

ADALend is building a scalable and decentralized lending protocol within the Cardano ecosystem, governed by the community.

Whitepaper

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Interest lvl

NA

Updated: Mar 13, 2022

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Medium

3/5 • 2 votes

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Ticker

ADAL

Type

Utility-token

FoundedEstonia

Registration year2021

Ecosystems

Cardano

What is ADALend

ADALend devotes its best to building a trustworthy decentralized lending practice governed by the Cardano system.

Within this Cardano system, ADALend will influence the flexibility of digital finance markets by providing a basis for immediate access to loans and collaterals, resulting in sustained liquidity of the blockchain assets of the lender.

The essential features that distinguish the ADALend protocol include the following:

• Permissionless Lending on Any Pairing: Our governance will ensure that the best offers are available and that only the safest oracles are used. We guarantee trustworthy options for utilization by our clients. To achieve this feat, secure authorization channels are used, limiting the need for permission on pairing.
• Incentivised Liquidity: Liquidity is predicated on having enough assets in each pool to facilitate lending. ADALend addresses this requirement by incentivizing users to deposit assets and provide liquidity.
• Community Governance: Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote.
• Ecosystem Foundation Layer: The ADALend project has the ability to attract assets and build incentives that can empower an ecosystem of financial products.

The ADALend token is a utility token based on its number of use cases—governance, lending, borrowing, and incentivization.