Cardano will soon have heavy-duty DeFi protocols. This has been long desired by the decentralized finance community (DeFi). Cardano has released smart contracts on its blockchain. With this, Cardano can make progress towards releasing revolutionary financial services on the network.
DeFi’s short history has seen it grow into an enormous community, with a TVL of $275 billion. However impressive these numbers may seem, the total AUM of traditional finance (TradFi) still looms large over DeFi, and for many this represents an exponential room for DeFi’s growth.
DeFi stands for a people-powered financial community, which is designed to serve the community. ADA Finance introduced an affiliate reward program to encourage users to recommend their friends and families to the protocol. This will allow them to earn a larger share of the passive income and help build the community.
ADA Finance Builds Momentum in Awards Nomination
ADA Finance recently became nominated “Best DeFi Project of the Year” by the AIBC Summit, potentially the largest blockchain summit in Europe. ADA Finance was nominated along with five other notable projects for outstanding efforts to make DeFi the next major disruption in industry. Awards will be determined on November 16.
Voting has begun for the AIBC Summit’s awards. Other nominees include Beeple, the artist whose NFT sales were heard around the globe. In March of this year, Beeple broke records by selling a work of NFT art through the auction house Christie’s for $69 million.
DeFi has seen a tremendous increase in users since this year’s beginning. ADA Finance’s referral program creates an innovative and lucrative way for its users to further this growth and introduce more people to the DeFi community and the services ADA Finance has to offer.
How ADA finance makes defi easy
DeFi, a blockchain-enabled security platform that offers multiple passive income streams, is an innovation in the cryptocurrency and blockchain industry. The incentives, rewards, and blockchain-enabled security DeFi provides its community are tipping the balance in DeFi’s favor as the traditional finance industryi struggles to offer percentage yields on savings accounts that edge into whole numbers.
The numbers don’t lie: DeFi is shaping up to be the ultimate in financial services. DeFi has grown into a wide range of services in its ecosystem. ADA Finance makes DeFi more accessible by creating multiple services that are available all at once.
ADA Finance provides DeFi services which are easy for communities to locate across many protocols. This has spread wallets across networks, reducing network connectivity and limiting the possibility for services to work seamlessly together.
ADA Finance allows you to benefit from the opportunity for increasing wealth by offering both borrowing and lending services, yield farming, staking tokens, trading tokens, and even margin-trading on one protocol.
Additionally, users can yield even greater gains by participating in all of these services in one place, because ADA Finance’s address milestones rewards users who are active within the protocol, something that’s impossible to do when users are forced to interact with different smart contracts on different protocols.
ADA Finance Creates the DeFi Community from the Ground Up
Many users love the ease with which they can find everything needed to take part in DeFi. There is also a referral reward program that rewards them and incentive to use all ADA Finances services. This protocol stands out from other options. But, DeFi is not just for the newbies.
ADA Finance is launching an initiative to increase DeFi users and grow the community. airdropRewards campaign designed to increase user’s ability to leverage $ADAFI tokens for better financial situations.
An airdrop of $5000 worth of $ADAFI will reward 100 winners. To register, all you have to do is complete a series of tasks. DeFi will continue to benefit as the ADA Finance network grows.