Cardano Decentralized Lending Protocol ADALend Partners With Robatz Network

Source : coinquora.com

  • ADALend enters into a contract with Robatz Network.
  • The contract will aid the development of the Cardano native decentralized lending protocol.
  • Robatz Network plans to improve the user experience on the ADALend platform.

ADALend announces it has officially signed a contract with Robatz Network for the development of the decentralized lending protocol. The partnership between Robatz Network and ADALend is a key step forward in the development of the lending protocol, as it will allow both firms to collaborate on furthering the protocol’s development, hence increasing the platform’s usability for customers.

Built on the Cardano blockchain, ADALend is a scalable, trustless, and decentralized lending mechanism. Developers will be able to conduct an additional study on the aggregate protocol environment, including liquidity, swap, UI, and UX, as a result of the partnership.

Robatz Network will also be involved in the platform’s design and implementation, with the protocol architecture slated to begin development around April 1st, 2022. Robatz Network intends to improve the ADALend platform’s user experience, making it easier for users to undertake self-governed lending transactions.

ADALend ADALend is a decentralized lending protocol that promises to bring credit to the billions of individuals who are currently unbanked around the world. The protocol will aid in the growth of the decentralized lending protocol, allowing more individuals to benefit from cryptocurrencies since lending is an important part of the cryptocurrency ecosystem as it’s one of the few options for investors to profit from their investments.

The lending platforms’ decentralized structure allows users to operate in a self-governed environment, which benefits both lenders and borrowers by allowing them to operate outside of the traditional banking system as the loan business is plagued by high costs and aggressive marketing methods.

About Robatz Network

Robatz Network is a software development company that specializes in the back-end, front-end, and mobile development, with Ruby, React, and Flutter serving as the foundational technologies. In 2020, the company began expanding its expertise in decentralized systems such as swarm algorithms, edge computing, and blockchain, providing research services and developing solutions. This approach helped the company establish a reputation as a pioneer willing to take on even the most complex challenges with confidence.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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