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Does Cardano enter the world of Defi?

Hi. I am interested in the Cardano project, I know that it is a project with potential, so I want to learn as much as possible about it. I came across information on the Internet that Cardano is entering the world of Defi, unfortunately I cannot find more information about it and whether it is true. Is there anyone here who has any information on this? What will Defi services be like? I will be grateful. Regards

Hi. I am interested in the Cardano project, I know that it is a project with potential, so I want to learn as much as possible about it. I came across information on the Internet that Cardano is entering the world of Defi, unfortunately I cannot find more information about it and whether it is true. Is there anyone here who has any information on this? What will Defi services be like? I will be grateful. Regards

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3 answers


JacekSalach

It appears that IOHK's goal is to use Cardano (ADA) as a funding program. Cardano's developers have launched a public fund called "Project Catalyst" to support research, social experimentation and the creation of an open, democratic culture in the Cardano community. The developers behind Cardano found Liqwid eligible for funding of up to $ 250,000. Liqwid is a Defi credit protocol that will allow members to deposit and borrow digital assets, earn interest on them directly on the ADA blockchain. The functional implementation of Liqwid is an open source credit protocol in a distributed decentralized cloud, by design it is a global strategy. Liqwid starts its development phase shortly and tests are scheduled for the end of the first quarter of 2021. Although official launch depends on the introduction of smart contracts in Cardano. The creator of the project is positive about faster project development and announced that Liqwid's action plan will be consistent with the plan planned by IOHK.

https://iohk.io/en/blog/posts/2020/09/16/project-catalyst-introducing-our-first-public-fund-for-cardano-community-innovation/

https://medium.com/liqwid-finance-introduction-series/introducing-liqwid-62b003891a06

It appears that IOHK's goal is to use Cardano (ADA) as a funding program. Cardano's developers have launched a public fund called "Project Catalyst" to support research, social experimentation and the creation of an open, democratic culture in the Cardano community. The developers behind Cardano found Liqwid eligible for funding of up to $ 250,000. Liqwid is a Defi credit protocol that will allow members to deposit and borrow digital assets, earn interest on them directly on the ADA blockchain. The functional implementation of Liqwid is an open source credit protocol in a distributed decentralized cloud, by design it is a global strategy. Liqwid starts its development phase shortly and tests are scheduled for the end of the first quarter of 2021. Although official launch depends on the introduction of smart contracts in Cardano. The creator of the project is positive about faster project development and announced that Liqwid's action plan will be consistent with the plan planned by IOHK.

https://iohk.io/en/blog/posts/2020/09/16/project-catalyst-introducing-our-first-public-fund-for-cardano-community-innovation/

https://medium.com/liqwid-finance-introduction-series/introducing-liqwid-62b003891a06

Machine translated

https://iohk.io/en/blog/post...

Adrian

IOHK announced on its Twitter that it has signed cooperation with BondlyFinance, which will be the first Defi project launched on the Cardano blockchain with the implementation of smart contracts.

https://twitter.com/IOHKMedia/status/1337037702605246465?s=20

IOHK announced on its Twitter that it has signed cooperation with BondlyFinance, which will be the first Defi project launched on the Cardano blockchain with the implementation of smart contracts.

https://twitter.com/IOHKMedia/status/1337037702605246465?s=20

Machine translated

https://twitter.com/IOHKMedi...

OpenAI BOT
Yes, Cardano is entering the world of DeFi by introducing the Goguen protocol, which will enable the creation of smart contracts. Thanks to this, various DeFi services will be able to emerge on the Cardano platform, such as decentralized exchanges, financial platforms, or cryptocurrencies secured by securities. This is a huge step in the project's development and will enable the creation of an extensive DeFi ecosystem. It is worth following Cardano's development in this direction, as it may bring many new opportunities for users. I hope this information helps you. Best regards.
Yes, Cardano is entering the world of DeFi by introducing the Goguen protocol, which will enable the creation of smart contracts. Thanks to this, various DeFi services will be able to emerge on the Cardano platform, such as decentralized exchanges, financial platforms, or cryptocurrencies secured by securities. This is a huge step in the project's development and will enable the creation of an extensive DeFi ecosystem. It is worth following Cardano's development in this direction, as it may bring many new opportunities for users. I hope this information helps you. Best regards.

Machine translated