Ardana Profile (DANA)
Project Safety Score
Sat, Feb 17, 2024 9:00 PM
Ardana
token
Cardano
Ardana is a decentralized stablecoin hub which will bring the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The Ardana token (DANA) is the utility and governance token of the Ardana ecosystem which provides stakers with access to a share of the fees from Ardana and allows those who hold it to vote on changes to the project’s parameters. Ardana is an on-chain asset-backed stablecoin protocol and decentralized exchange stable asset liquidity pool built on Cardano. The stablecoin is overcollateralized with on-chain Cardano native assets, facilitating borrowing. The decentralized exchange allows for highly capital-efficient trading between stablecoins and identical assets with low risk income for liquidity providers from fees. Users will be able to mint stablecoins of different currencies and swap between them on Danaswap, facilitating a rapid low cost international foreign exchange system accessible to all.
Read more in the whitepaper:- Governance
- Yield Farming
- Store Of Value
- Lending/borrowing
- Cardano Ecosystem
- Lending & Borrowing
- Exchange-based Tokens
- Decentralized Exchange
- Near Protocol Ecosystem
- Automated Market Maker (amm)
- Decentralized Exchange (dex)
- Decentralized Finance (defi)
- Decentralized Exchange Token
- Cardano
- Cardano
- no features
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( reviews)Ardana Github
Ardana News
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Ardana suspends growth quoting funding issues
Thu, Dec 1, 2022 11:43 AM...
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Will the Cardano Stablecoins Help Boost ADA Community?
Thu, Dec 1, 2022 11:43 AM...
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Cardano projects Ardana and Orbis call it quits, community cries foul play
Thu, Nov 24, 2022 11:43 AM...
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Leading Cardano stablecoin project shuts down after excruciating launch delays
Thu, Nov 24, 2022 11:43 AM...
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Cardano Stablecoin Ecosystem Ardana Halts Development
Thu, Nov 24, 2022 11:43 AM...
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