AdaLend: The World’s Leading Cardano-Based Lending Protocol
protocol aims to improve the efficiency of capital flows, managing several lending pools via the native $ADAL token. Each pool has several key components: liquidation model, utilization ratio, and borrowing/lending interest rate. The protocol provides tokenization for deposited assets, transferring the ownership of lending positions between users automatically.– DeFi lending protocols need to attract Liquidity Providers to stake assets in pools to enable lending.
The capabilities of the Cardano blockchain are the magic fuel that powers AdaLend’s long-term expansion plan.Cardano is a versatile, scalable, and cost-effective Blockchain, ideal to build a next generation crypto lending platform. Created by Ethereum Co-Founder Charles Hoskinson in 2017, it is a Proof of Stake chain where code updates are rigorously peer-reviewed. Cardano’s advantages are clear:
Scaleability – Cardano can process 250 TPS, with estimates that it will be able to reach eventually 1 million TPS.
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