THELOGICALINDIAN - PRESS RELEASE Ardana the assetbacked stablecoin agreement and decentralized barter has admiring 10 actor of advance in its latest cardinal allotment annular
The Cardano-powered platform, whose founding aggregation appearance tech veterans from Apple, Microsoft, Barclays and Cardano, won abutment from cFund, Morningstar Ventures, Mechanism Capital, Kronos Research, FMFW.io, MGNR, Selini Capital, Skynet Trading, Kosmos VC and Portico Ventures amidst others in a annular led by Three Arrows Capital and Ascensive Assets.
“To say we are captivated to acceptable aboard some of the best-known names in the clandestine disinterestedness amplitude would be an understatement,” said Ardana CEO and co-founder Ryan Matovu.
“As the aboriginal all-in-one stablecoin ecosystem congenital on Cardano, our belvedere provides users with acceptable admission to liquidity, an abiding affair in the hyper-competitive defi world. We are additionally able to advantage Cardano’s speed, scalability and aegis to action a decentralized banking band-aid that works for everyone, and anon we’ll alike be facilitating adopted barter on-chain.
“Along with the investors’ expertise, this allotment will acquiesce us to authorize Ardana as one of the arch defi gateways on the Cardano blockchain. The approaching is bright.”
Currently gearing up for a Token Generation Event and Public Sale in Q4, Ardana combines a DEX abiding asset clamminess basin and asset-backed, absolutely decentralized stablecoin protocol. Through the latter, ADA token-holders can use their assets as accessory adjoin a cost-effective accommodation denominated in the dollar-pegged dUSD stablecoin.
This Ardana Dollar uses acute affairs to let users mint, spend, accelerate and accept dUSD on the Cardano blockchain, with all dollars absolutely backed by collateralized assets such as ADA. Back users drop ADA into the permissionless, noncustodial Ardana vault, they accept a admeasurement of its amount aback as a newly-minted dUSD accommodation which, back repaid, unlocks their collateral.
The Danaswap DEX, meanwhile, facilitates awful capital-efficient trading amid stablecoins and tokens apery identical assets such as constructed Bitcoin. Danaswap additionally allows users to acquire absorption from dUSD deposits, as able-bodied as a allotment of market-making fees generated via the app.
A additional built-in Ardana asset, DANA, functions as a account and babyminding token, appointment voting rights on changes to the project’s ambit as able-bodied as a allotment of belvedere fees.
Due to a contempo affiliation with NEAR protocol, Ardana’s decentralized stablecoin will anon accept account beyond chains via bridging infrastructure, authoritative it the aboriginal collateralized stablecoin accommodation alms for both ADA and EGLD.
About Ardana
Ardana is an asset-backed stablecoin and decentralized barter abiding asset clamminess basin congenital on Cardano. Founded by a amount aggregation of fintech and blockchain veterans, the belvedere has pioneered a dollar-backed Cardano built-in badge and awful capital-efficient DEX, enabling users to alter their portfolio after affairs their accepted assets.
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