Without the presence of Ardana, ensuring the free flow of liquid capital into Cardano wouldn't be as easy. Ardana plays a pivotal role in equipping Cardano to attract and harness cash flow, pushing its evolution within the DeFi space.
After six years of initial strides, Cardano proudly stands as a top-tier blockchain project, boasting a high market-cap cryptocurrency.
Initially, Cardano's ambition was aligned towards realistic applications rather than solely focusing on blockchain or DeFi. However, with the ICO phase-out, the network expanded into the essential world of Decentralized Finance.
Learn More About Ardana
Cardano’s primary aim was to outshine earlier blockchain projects such as Bitcoin and Ethereum, delivering cost-effective, swift, and scalable transaction solutions.
The dedicated Cardano team is all about crafting the crucial infrastructure essential for dApps to thrive on their network, bolstered by smart contracts.
Ultimately, the Cardano ecosystem aligns perfectly with Ardana's ambition – a platform intertwining AMM DEX with stablecoin creation.
Ardana stands tall on the Cardano framework, offering a protocol for stablecoin issuance and facilitating decentralized trading.
Besides the chain of Cardano-native assets and a decentralized exchange, the stablecoin platform supports efficient capital exchange between various stablecoins.
Taking DeFi to the Next Level
Crafting an ecosystem that exceeds the norm, Ardana is on a mission to provide a decentralized finance system accessible to everyone, including major global financial players and local Ethiopian farmers.
Ardana's reach extends beyond key protocols enhancing financial efficacy and liquidity generation. It positions Cardano's version of MakerDAO into the limelight by utilizing ADA as collateral to produce stablecoins labeled dUSD, resembling the US dollar.
The distinguished Ardana team boasts technical prowess from reputable blockchain entities and projects like Apple, Microsoft, Barclays, Central Bank of Jordan, and many more.
Additionally, Ardana collaborates with numerous high-tech and well-established blockchain enterprises such as Platonic Systems, Elrond, Liquid, and Coti Network.
Come September, Cardano unveiled a strategic move to introduce a new stablecoin, partnered with Coti.
Ardana’s Key Features
Ardana Token ($DANA)
Introducing $DANA – Ardana's unique token empowering the network. With $DANA, holders gain governance voting rights within the platform.
If any upgrade proposals arise, $DANA holders can initiate proposals and cast their votes on these changes.
Holding $DANA offers the privilege to influence development projects. Furthermore, the token supports the Ardana ecosystem through liquidity provision.
Token Details
- Ticker: $DANA
- Total supply: 125,000,000
- Initial market cap: $3,412,500
- Token allocation:
- Rewards: 40%
- Ecosystem Development and Treasury: 16%
- Founders, Team & Advisors: 15%
- Private Round: 17.5%
- Seed Round: 9%
- Public Round: 2%
- Liquidity: 0.5%
Ardana Stablecoin (dUSD)
Just like thousands of cryptocurrencies circling today's market, Ardana's stablecoin promises an optimal solution, allowing users to borrow stablecoins without suffering formidable fees.
Known as dUSD, Ardana stablecoin is tied to the value of the US Dollar and issued as a Cardano Native Token.
This linkage means that 1 dUSD is consistently equal in value to 1 US Dollar. On Cardano, dUSD shares similarities with bUSD and USDT.
Fiat-collateralized stablecoins reign supreme in today's dynamic cryptocurrency market.
However, such coins could be vulnerable to fraud due to centralized issuance and regulations. Being on the robust Cardano backbone, dUSD offers a secure, easy-to-use experience.
Thanks to Ardana Stablecoins, users can generate stablecoins by depositing CNT as collateral locked within the Ardana stablecoin vaults.
To earn dUSD, one must deposit collateral assets into Ardana Vaults, supervised by a distinctive smart contract framework known as Collateralized Debt Positions (CDPs).
At this juncture, dUSD is circulated, granting users the freedom to access liquid assets.
An alternative method to acquire dUSD involves purchasing via brokers or exchanges, or receiving it as a form of payment.
Following its issuance, acquisition, or payment acceptance, dUSD functions similarly to digital assets and conventional currencies for transaction handling.
All transactions involving dUSD remain transparent, with the community gaining access through the Cardano blockchain.
Danaswap
Harnessing Cardano's technology, Danaswap represents a tactical part of Ardana's goal to deliver an AMM DEX for stable multi-asset pools.
Its unique curve formula achieves outstanding capital efficiency, placing Cardano's DeFi capabilities in the spotlight.
Danaswap enables seamless dUSD swaps to Bitcoin and other alternative coins, leveraging a model tailored for stablecoin liquidity, preventing high gas fees and slippage.
Further, Ardana's decentralized AMM setup welcomes everyone to add to the pool, expanding liquidity and optimizing yield farming. As a result, pool contributors benefit from a slice of transaction fees.
Danaswap proudly offers features like savings deposits, foreign currency exchanges, the DANA token, and governance opportunities.
- Savings Account: This feature lets users earn passive income through interest, much like traditional banking setups.
- Foreign Exchange: Easily swap between various stablecoins including dUSD, dEUR, dGBP, and more.
- DANA Token: Recognizing liquidity providers with governance tokens for their contributions within the ecosystem.
- Governance: As mentioned earlier, DANA token holders can weigh in on future development decisions to nurture Ardana's growth.
Ardana Stablecoin Vaults
By utilizing Ardana Vaults and smart contracts, collateralized assets can generate Ardana stablecoins.
This assures users maintain control over their funds, provided they uphold the proper collateral-to-loan ratio.
Discover the Ardana Rewards Enhancement Module (We call it AREM).
Enter AREM – Ardana's Reward Enhancement Module, a rewarding mechanism. Holders of DANA tokens receive a share of fees from Ardana Stablecoins and Danaswap.
To earn these rewards, stakeholders can stake their DANA tokens for exDANA, participate in providing liquidity, or place dUSD in the Ardana Savings Module.
In ADA form, Ardana distributes collected fees to DANA token holders, who in turn can stake their tokens for ADA rewards.
Final Thoughts on Ardana
Rooted in credible blockchain infrastructure, Ardana signifies an exciting opportunity for Cardano to enhance its breadth and achieve substantial success.
The esteemed reputation of Ardana rests within its expert development team. Stay updated with Ardana through its website — and dive deeper into how we're lifting Cardano's capabilities to unparalleled heights!
