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Cardano-Based Decentralized Lending Protocol ADALend’s IDO Imminent

Published 03/01/2022, 02:52 AM
Updated 03/01/2022, 03:00 AM
Cardano-Based Decentralized Lending Protocol ADALend’s IDO Imminent

  • ADALend is set to launch its IDO on March 11, 2022.
  • The IDO will be available on ADAPad, BSCPad, VelasPad, PulsePad, and ETHPad.
  • The lending protocol will continue to upgrade to add new features.

The cryptocurrency industry is growing exponentially despite the bottlenecks from the government and its financial agencies. The lending industry is one of the sectors increasingly stifled by external regulations, lack of trust and transparency.

Thankfully, the decentralized nature of blockchain technology came with a new level of financial freedom for all. With the stability and improvement, Decentralized Finance (DeFi) offers, many lending platforms are now building on this ecosystem.

DeFi has seen a significant rise since it eliminates the control intermediaries have on money, financial products, and financial services. DeFi and other models of crypto-based lending have disrupted the traditional process of lending known to many.

Today, some financial platforms are taking advantage of

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