Anyone who has had to take out a loan knows that the process is often lengthy and often involves humiliating factors related to the loan. The current situation of financial products is that banks demand full control over loans and those who use these loans. Cardano-based ADALend changes all that.
Share token transactions in liquidity pools with ADALend
ADALend is a decentralized platform that uses smart contracts to allow decentralized crypto lending and the creation of individually controllable financial products. There are no requirements to be fulfilled to participate in the lending process and anyone can deposit any amount and receive the corresponding annual return value determined by the protocol as share tokens. Providing liquidity is an integral part of the platform that will work with internal and external oracles to generate dynamic ratios for liquidity pools.
A redeem is the process of converting said tokens into their underlying token counterparts. During this procedure, share tokens are burned and the base token is returned to the user, completing the transaction. At this point, the value of the underlying tokens has already increased as the value of the share token has increased over time. The repayment process includes the repayment of borrowed money as well as accrued interest. If the repayment amount is less than the repayment amount, the borrowed amount is subtracted from the repayment amount to form the repayment amount. If the repayment amount is more than the amount to be repaid, the repayment amount is determined as the lending amount.
A multi-layered security for liquidity pools
ADALend’s main priority is the health and safety of the protocol. The platform will include internal and external oracles to maintain multiple layers of computational price control to maintain liquidity pools. Protocol architecture, code quality, health surveillance, as well as items such as active clearance bots and insurance all contribute to the overall safety and security of the project. Also, the platform will constantly evolve with upgrade plans and new features to keep the system secure.
More information about ADALend: https://adalend.finance
Join the community: https://t.me/ADALend
Take the private sales tour: [email protected]
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