Simply put – Aada is crypto assets lending platform. Smart contract allows to deposit assets and collect interests or borrow assets and perform financial actions.
Aada is a decentralized money market protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. There is a wide variety of cryptocurrencies to choose from. With addition of Cardano ERC20 converter, Aada will bring must-have functionality to DeFi ecosystem.
Cardano ERC20 converter will bring massive asset amounts into the cheaper-to-transact Cardano blockchain. The converter will allow issuing organizations and their users to handle ERC20 token migration to Cardano.
Users can convert their Ethereum tokens in just a few clicks, and when moved across, these tokens will be ‘translated’ into a special native token on Cardano that has the same value and works just like an ERC20.
Using pooled lending mechanism we are able to make lending easier and more available. Pooled assets make it easier to borrow and pooled assets can be used for other functions such as Flash Loan.
Aada is first of its kind DeFi lending protocol on Cardano. Using Aada you can:
- Lend and earn interests
- Borrow by providing overcollateralized assets
- Borrow undercollateralized (a.k.a flashloan)
- Swap deposited assets. Flashloans will allow to instantly swap deposited assets without withdrawing and re-depositing
With extremely low transaction fees and the most valuable financial functionality – lending, Aada is expected to attract large user adoption and token holders.
The ultimate goal of Aada academy is to build strong and vibrant DeFi community. Our top-notch Smart Contract developers will help community projects to grow.
The purpose of Aada academy is to unite DeFi community under one roof. United we will be able to build larger projects that matters. We invite all existing and new Cardanano Smart Contract developers to signup for the academy. We want Cardano DeFi to grow, so we want you to grow.
We are hiring. Send your LinkedIn + git repo to [email protected]
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, Aada developers team decided to issue AADA tokens which will be used in Aada utilities.
Why should one hold AADA token?
Aada platform will generate various fees which ones will be distributed to our token holders. Also, we are building Decentralized autonomous organization (DAO). This is impossible without decentralized governance token.
Do you have an airdrop?
Yes. Airdrop is a powerful marketing tool, we are elaborating. Also, it will provide us a community and early user base. Please visit our telegram channel to find more about an airdrop.
Didn’t I see something similar on Ethereum?
Yes. We are thrilled by lending platform successes on Ethereum (Compound, Aave) and we believe this is what Cardano ecosystem will crave for. Moreover, Haskell and much safer Cardano smart contracts will help us to compete.
Why DeFi academy?
We believe DeFi on Cardano will be the next big thing. Thus, building community and maintaining strong relationships with developer of future projects will benefit AADA
How many tokens are expected to circulate?
Here you can find planned AADA token distribution.
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