ADALend, a pioneering decentralized lending protocol that leverages the Cardano blockchain (ADA) for instant loans, is now indexed by CardanoCube
ADALend, one of the first protocols that harnesses Cardano (ADA) smart contracts for decentralized lending and borrowing operations, has scored a partnership with CardanoCube data platform.
ADALend is now available on CardanoCube: Details
According to the official announcement shared by the ADALend team, its app is now listed by CardanoCube, a platform that tracks the performance and key metrics of decentralized applications (dApps) launched on Cardano’s PoS network.
Simply put, CardanoCube works not unlike the CoinMarketCap of Cardano’s nascent ecosystem of decentralized financial applications (dApps). Through its main page, crypto enthusiasts can read about the most interesting dApps of Cardano in all red-hot categories: memecoins, launchpads, stablecoins, marketplaces and so on.
In addition, CardanoCube follows Cardano’s latest dApps (ADA) and the most promising projects, judging by enthusiasts in its ecosystem. Certain projects can collaborate with CardanoCube under special conditions and obtain a positive vote with the label “Promoted”.
By clicking “Learn More” next to the name of an interesting token, Cardano (ADA) enthusiasts can see the entire set of its crucial parameters including its type, release date, net circulating token supply, direct links to its official blogs and social media platforms and so on.
Finally, a brief description is provided for each listed project so that all potential investors can familiarize themselves with its proposal, story, early backers, and business model.
Powered by Plutus Application Backend (PAB), ADALend is ready to achieve new milestones
As the integration with CardanoCube allows ADALend to spread the word about its activity over the global blockchain community, its representatives claim that this is a huge milestone for ADALend:
ADALend recently emerged as Cardano’s essential dApp that has high potential to impact the DeFi market with its launch. ADALend has had a busy few months developing and providing information to communities about the project and what it is supposed to accomplish.
As covered by U.Today previously, Cardano’s ADALend will harness the most advanced Cardano development framework so far, i.e., Plutus Application Backend (PAB).
ADALend will deploy its Plutus primitives with this instrument to save development time and resources.
In Q4, 2021, ADALend raised $540,000 from a clutch of high-profile VCs and reputable angel investors.
