Analysts of the million-subscribed YouTube channel Altcoin Daily have shared 3 low-cost Cardano-based altcoin projects preparing for big bangs. In us, cryptocoin.com We have detailed the list of analysts. We explore the Cardano ecosystem…
Decentralized stablecoin platform: Ardana (DANA)
Ardana is a decentralized stablecoin platform that will bring Cardano the DeFi primitives necessary to start and sustain any economy. It offers an asset-backed stablecoin and DEX on Blockchain with its native token DANA. According to analysts, the project has raised $10 million in strategic financing that includes Three Arrows Capital and Ascensive Assets, along with cFund, Morningstar Ventures, Mechanism Capital, Kronos Research, FMFW, MGNR, Selini Capital, Skynet Trading. Ardana is also developing two important products:
Two important news from the next: a stablecoin called dUSD and a decentralized exchange called Danaswap are coming.
Additionally, analysts explain that the stablecoin will enable users to take out loans against Cardano ecosystem tokens such as ADA. On the other hand, DEX will allow users to trade tokens, earn interest on dUSD deposits and earn rewards in Ardana’s native DANA token to provide liquidity.
Altcoin efficiency: ADALend (ADAL)
ADALend (ADAL) is a scalable and decentralized lending protocol managed by a decentralized autonomous organization (DAO). The protocol aims to increase the capital efficiency of cryptocurrencies by enabling accumulated cryptocurrencies to finance multiple loan pools. It will also use Cardano Blockchain to unlock the potential of DeFi as a viable alternative to the traditional financial sector.
Analysts stress that Adalend had an over-demand seed round early last month; As the private sale round sells out fast, many investors are rushing to secure their spot in the private sale.
Cardano-based DEX: SundaeSwap (SUNDAE)
SundaeSwap is a new DEX built on Cardano Blockchain. Similar to Uniswap, SundaeSwap is an Automated Market Maker (AMM) aiming to become the leading DEX in Cardano. So, SundaeSwap is to Cardano what Uniswap is to Ethereum. Analysts highlight the following about the project:
This DEX is a very promising project coming to the Cardano ecosystem. Considering that this project has not yet been published, they have gained quite a number of followers on social media.
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