Connect with us

Finance

Aada Finance Is Live and Open for Lending and Borrowing on Cardano Mainnet

Published

on

Aada Finance Is Live and Open for Lending and Borrowing on Cardano Mainnet

KAUNAS, LITHUANIA, Sept. 13, 2022 (GLOBE NEWSWIRE) — The protocol introduces a novel NFT bond function that permits customers to switch and commerce loans within the open market.

“We’re excited to launch the Aada Finance protocol and facilitate new DeFi use instances by way of lending and borrowing on Cardano. Peer-to-peer is the best technique to construct on the blockchain, and we plan to take full benefit of the eUTxO mannequin. Finally, our foremost goal is to offer environment friendly lending and borrowing – an answer the Cardano group has eagerly anticipated for the final a number of months,” stated Mantas Andriuska, Co-Founding father of Aada Finance.

Following in The Footsteps of DeFi Innovation

Aada’s V1 protocol launch aligns completely with the pre-Vasil hardfork sentiment. However other than relying merely on its first-mover benefit, the lending platform stands out from the gang with its novel NFT bond technique.

Advertisement

As essentially the most vital function beneath the crew’s belt, NFT bonds carry innovation to DeFi by tokenizing loans within the type of NFTs. In flip, lenders and debtors can switch and promote their loans, giving technique to the liquidator function in DeFi.

About Aada Finance

Aada Finance is a decentralized lending protocol constructed on the Cardano blockchain. It makes use of the community’s eUTxO mannequin by leveraging peer-to-peer lending and borrowing primitives. The first options of the protocol mix multi-asset mortgage requests with an modern NFT bond mechanism. The latter permits customers to switch and commerce loans, giving them the prospect to grow to be liquidators.

The previous 12 months has seen full of life growth exercise within the Cardano ecosystem, and Aada has been no completely different. Whereas the blockchain is but to see the launch of nearly all of its DeFi dApps, Aada Finance managed to leverage the first-mover benefit. By changing into the primary fully-fledged lending and borrowing protocol on the blockchain, the platform paves the way in which for a broader adoption of the Cardano ecosystem.

For extra details about Aada Finance and the Aada Finance V1 app, please comply with the hyperlinks under:

Advertisement

Web site | Utility | Twitter | Telegram | Medium | GitBook | GitHub | Discor


        
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Finance

Trump puts tariffs on hold: What he still plans to pass on Day 1

Published

on

Trump puts tariffs on hold: What he still plans to pass on Day 1

President Donald Trump has officially been sworn back into office for his second term on Monday, January 20. Trump has a slew of policies and executive orders he seeks to enact on his first day back in office following his inauguration ceremony. A hot talking point on the campaign trail and the time since his election victory, Trump announced his plans to put his tariff proposals on hold for now.

Yahoo Finance senior columnist Rick Newman and Washington correspondent Ben Werschkul join the show to discuss the executive actions Trump is still planning upon his return to the Oval Office.

Read up on Yahoo Finance’s Guide to Trump 2.0 and what the incoming administration still plans to pass.

Watch President Donald Trump’s 2025 Inauguration ceremony, while staying up to date with all the market news and economic data covered by Yahoo Finance.

This post was written by Luke Carberry Mogan.

Advertisement
Advertisement
Continue Reading

Finance

IAEA Profile: Balancing Numbers and Dreams – A Career in Finance and Accounting

Published

on

IAEA Profile: Balancing Numbers and Dreams – A Career in Finance and Accounting

The IAEA profiles employees to provide insight into the variety of career paths that support the Agency’s mission of Atoms for Peace and Development and to inspire and encourage readers, particularly women, to pursue careers in STEM (science, technology, engineering and mathematics) or STEM-adjacent fields. Read more profiles of women at the IAEA.      

Hailing from Kinshasa, the capital of the Democratic Republic of Congo, Carmen Kibonge has taken a path shaped by a passion for numbers, a supportive family and a commitment to make a difference, which eventually led her to the IAEA.  

Kibonge was raised in a family that encouraged educational aspirations for both girls and boys, which is not always the case in her central African home country, where economic constraints often lead families to prioritize the education of boys. “In my family, it was expected that a girl would go to school. I know I was privileged, and I really appreciated the access to education,” she reflects. She was also inspired by her mother, an HR manager who was one of the few women in her community to pursue higher education.  

From an early age, Kibonge was captivated by mathematics and loved “cracking numbers”. Because of her mental arithmetic skills, her nickname at school was Ordi, after the French word for computer. But maths was not part of her original career aspirations. When she contemplated her future, a desire to help others and the work of international organizations in low and middle income countries like her own led her to consider a career in medicine. Her dream of becoming a paediatrician, however, shifted when she was confronted with the sight of blood in biology class. Nevertheless, the seed of wanting to work internationally had been planted. “I wanted to help people, not just in my country, but globally,” she says.  

Kibonge decided to pursue higher education in Austria, motivated by stories from friends who had lived there, as well as her love of classical music. Following her passion for numbers, she enrolled at the University of Vienna to study business administration with a focus on finance and accounting. Meanwhile, she supported herself by giving maths lessons.  

Advertisement

The move to Vienna was not without its challenges, as Kibonge had to first learn German before starting her degree programme. She dedicated the first two semesters to intensive language study. “Those early days in Vienna were really challenging, but I really put my mind to it,” she recalls. “If you really want something, you can manage it.” Living in the city of classical music had its upsides though, and she often attended performances at the opera and philharmonic, impressed by how accessible they were even for students of modest means.  

Continue Reading

Finance

South Korea braces for Trump’s policies with biggest-ever export finance support

Published

on

South Korea braces for Trump’s policies with biggest-ever export finance support

SEOUL (Reuters) – South Korea pledged on Monday a record amount of financing support for exporters to mitigate any negative impact from changes in U.S. trade policies as Donald Trump was poised to be sworn in for his second presidency.

The government plans to provide 360 trillion won ($247.74 billion) worth of policy financing to exporting companies through state-run banks and institutions this year, according to a statement released by the finance ministry.

“There are concerns that external uncertainty will be heightened under the incoming U.S. administration and adversely affect exports,” the ministry said.

The ministry said it would also boost insurance support to guard against foreign exchange volatility to 1.4 trillion won this year, from 1.2 trillion won last year, and spending on government projects, such as trade fairs and delegations, to 2.9 trillion won from 2.1 trillion won.

Sectors particularly under threat of new U.S. policies are semiconductors and rechargeable batteries, the ministry said, whereas defence, nuclear energy and shipbuilding sectors are seen as more promising because of room for cooperation with the United States.

Advertisement

U.S. President-elect Trump, who takes office later on Monday, has pledged to impose stiff tariffs on major trading partners, such as Mexico, Canada and China, which are also expected to affect South Korean companies running factories in those countries.

Economists say there are worries that the Trump administration will introduce trade policies against South Korea too, after Asia’s fourth-largest economy earned a record-high surplus of $55.7 billion in trade with the U.S. in 2024, up 25.4% from 2023.

The Korea International Trade Association, South Korea’s biggest group of exporting companies, projects export growth to slow to 1.8% this year. Last year, South Korea’s exports rose 8.1% to a record high of $683.7 billion, as sales to the U.S. rose 10.4%.

($1 = 1,453.1500 won)

(Reporting by Jihoon Lee; Editing by Shri Navaratnam)

Advertisement
Continue Reading

Trending