BSCPad and ADAPad public sale on March 14.
Cryptocurrencies and DeFi are going through a period of rapid growth:
Total Locked Value (TVL) of tokens in DeFi protocols has increased 357% up to $255.39 billion across all blockchains. About $2.5 trillion in cryptocurrencies traded in January 2022 alone. Global crypto market capitalization is now over $2 trillion†
Within the space, crypto lending has become the most dynamic niche. About $35 billion TVL is in DeFi lending protocols, which is dominated by Ethereum with a 54% share of TVL as of January 2022. The problem is that Ethereum is slow, expensive and not scalable:
To permanently solve the challenges of DeFi, AdaLend has developed an easy-to-use, scalable and fully decentralized Layer-1 platform for instant loan approval, automated collateral, trusted custody and enhanced lending. Built on the industry-leading proof-of-stake (POS) Cardano blockchain, AdaLend aims to unleash the next generation of seamless, fast and secure crypto lending.
The features of AdaLend are both innovative and powerful:
A unique architecture – The AdaLend protocol aims to improve the efficiency of capital flows by managing different loan pools through the native $ADAL token. Each pool has several key components: liquidation model, utilization ratio, and loan/loan rate. The protocol provides tokenization for deposited assets, where ownership of lending positions is automatically transferred between users.
Promoted Liquidity – DeFi lending protocols must attract Liquidity Providers (LPs) to deploy assets in pools to facilitate lending. AdaLend does this by providing LPs with strong incentives and APY to deposit assets and increase lending.
Flexible Lending Options – All loans in AdaLend are consentless, trustless and can be made with any token link. The governance of the protocol ensures that the best offers are available and that only the safest oracles are used to set prices and rates.
Decentralized and Democratic Governance – All $ADAL token holders can actively participate in the governance of AdaLend, vote on proposals and determine the future evolution of the platform. The AdaLend DAO creates a democratized, open access and fully transparent financial ecosystem that is aligned on a global scale.
Idle Asset Optimization – AdaLend minimizes the utilization rate for unstable coins and maximizes token circulation, achieving a dual purpose of maintaining high liquidity levels for protocol users and providing attractive lending rates for borrowers. In addition, AdaLend also minimizes inactive assets on the platform by moving them to stable swap platforms. This means that users with tokens in cold storage can now use them to support the AdaLend protocol, earning additional rewards.
The capabilities of the Cardano blockchain are the magic fuel that powers AdaLend’s long-term expansion plan.
Why Cardano? The competitive advantage of AdaLend
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 (PoS) chain where code updates are rigorously peer-reviewed. The advantages of Cardano are clear:
Efficiency – Cardano is 47,000x more energy efficient than Bitcoin, leading in space as an eco-friendly blockchain.
Cost Effectiveness – Cardano’s fees are currently approx $0.35 per transactionmore than 100x lower than Ethereum.
Increasing traction – Interest in and investment in Cardano has steadily risen, with a TVL of $133.39 million on March 2, a new highest point everand the number of portfolios with Cardano’s own currency ADA recently surpassed the three million marks
So far, Ethereum-based platforms like Aave have dominated the DeFi lending space. This is rapidly changing as the DeFi market seeks faster, cheaper, and more scalable solutions.
AdaLend is this solution and investors recognize it. September 2021 private sale 1.8 million ADAL tokens sold outraising $540,000, in less than an hour. AdaLend will now hold a public sale on five launchpads (BSCPad, VelasPad, PulsePad, ADAPad, and ETHPad) on March 14 to fund its growth plans. These are the most popular launch pads among investors and allow to pre-purchase $ADAL tokens at a discounted price. Once the $ADAL token is listed, it will be traded in the major crypto exchanges connected to the launch pads, providing instant liquidity and visibility. With its unique features, unprecedented capabilities, and built-in scalability, AdaLend is poised to unleash the new era of DeFi lending.