First Lending Protocol
DeFi lending protocol built on top of powerful and safe Cardano smart contracts
Simply put – Aada is a crypto assets lending platform. The smart contract allows users to deposit assets and collect interest or borrow assets and perform financial actions.
Aada is an automated market maker protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. There is a wide variety of cryptocurrencies that you can utilise on the platform. With the addition of the Cardano ERC20 converter, Aada will bring a must-have functionality to the DeFi ecosystem.
Indeed, the Cardano ERC20 converter will bring a massive influx of assets into the cheaper-to-transact Cardano blockchain. The converter will allow the issuing organisations and the users to handle ERC20 token migration to Cardano.
Moreover, users will convert their Ethereum tokens in just a few clicks. When moved across, these tokens will be ‘translated’ into a unique native token on Cardano that has the same value and works just like an ERC20.
Our pooled lending mechanism aims to make lending more straightforward and available. Pooled assets make borrowing more accessible.
Aada is the first of its kind DeFi lending protocol on Cardano. Using AADA, you can:
- Lend and earn interests
- Borrow by providing over collateralised assets
Taking advantage of the ultra-low transaction fees and the unique lending functionality, Aada aims to attract grand user adoption.
The ultimate goal of Aada academy is to build a strong and vibrant DeFi community. Our top-notch Smart Contract developers will help community projects to grow.
Aada Academy aims to unite the DeFi community under one roof. United, we are looking to grow and build DeFi features that matter. We invite all existing and new Cardano Smart Contract developers to signup for the academy. Ultimately, we want Cardano DeFi to thrive, so we want you to grow.
Why are we issuing AADA token?
Aada team is building a lending platform that is expected to be one of the Cardano DeFi cornerstone protocols. Since it requires a lot of resources and time, the Aada developers team decided to issue Aada tokens for utility use.
Why should one hold AADA Token?
Aada platform-generated fees are distributed to token holders. As we are building a community-based Decentralized Autonomous Organization (DAO). Aada ecosystem is powered by AADA token and token utilities.
Didn’t I see something similar on Ethereum?
Yes. We are inspirited by the DeFi Lending Platform’s successes on Ethereum (Compound, Aave). Also, we believe this is what the Cardano ecosystem will crave for the next decade. On the other hand, the Plutus programming language is much safer. The Cardano Smart Contracts will help us build a translucent decentralised lending platform powered by UTXO.
Why DeFi Academy?
We are incredibly passionate about DeFi in general, as we believe in the potential of Cardano’s growth. Therefore, we are looking into building a like-minded community and maintaining a solid relationship with the Ecosystem. What’s more, we’re open to sharing ideas and knowledge with developers to benefit the whole Cardano Ecosystem.
How many tokens are expected to circulate?
Here you can find planned AADA token distribution.