Cardano-based Aada Finance launches $25k opportunity- Here’s how

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Ahead of its launch on 13 September, Cardano-based Aada Finance is offering a $25,000 bug bounty competition; those who can spot critical smart contract vulnerabilities and provide suggestions on fixing them will be eligible for the prize. Aada Finance is the first protocol set to offer NFT lending and borrowing services on the Cardano blockchain. […]

a $25,000 bug bounty competition; those who can spot critical smart contract vulnerabilities and provide suggestions on fixing them will be eligible for the prize.

Aada Finance is the first protocol set to offer NFT lending and borrowing services on the Cardano blockchain. It aims to build a platform where users can maintain their requests in an order book with complete control.The prize amount for the competition is $25,000 though the payouts will be made inPrimarily, it aims to address two challenges, theft of tokens and shutting down of the whole the platform.

One can mint NFTs on the Cardano blockchain through either native third-party services or self-minting using the native node. Cardano charges a fee for every transaction- minting, buying, and selling of NFTs or tokens. It also facilitates building a marketplace where NFTs can be minted, traded, and stored.Aada Finance intends to be launched in advance of the Vasil upgrade scheduled on 22 September. This is an example of the power of Vasil that’s coming this month.

The new features dramatically improve many different DApps and enable new DApps like Djed to be deployed on Cardano. This is just the beginning. EUTXO and Plutus are the gifts that keep on givingAada Finance is the first DeFi application to bring NFTs to the Cardano platform. Aiming to leverage the first-mover advantage, it wants to keep up with the Vasil update too. Users can lend and borrow NFTs in a peer-to-peer manner using the unique NFT bond strategy.

Its Aada 3-Node Liquidation Oracle helps lenders liquidate their loans if a rapid loan health factor downfall occurs.Subscribe to get it daily in your inbox.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow 10_beth_ she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines