Cardano Blockchain gains momentum with cryptocurrency project developers. Many projects have been developed on the Cardano Blockchain over the past years.
Here are three great projects from the blockchain worth checking out for cryptocurrency enthusiasts:
Ravendex
Ravendex was the first cryptocurrency lender and borrower. Users can control their keys and be responsible for all assets through the exchange.
This exchange works via the Automated Market Maker protocol, which is based on Blockchain. It can therefore accelerate trading of assets at a fixed rate using the Cardano Ecosystem.
It stands out amongst its competitors. Its primary purpose is to allow digital assets to lend and borrow on the dedicated platform. This functionality is supported by the Alonzo Hard fork, which allows smart contracts that deposit assets to earn interest according to predetermined rules.
Ravendex’s exchange allows users to swap or trade native tokens. This makes it possible for anyone to realize their goals on this platform. Ravendex’s eUTXO architecture allows for exchanges to pool liquidity.
2. Ardana
Collateral, which is a backbone of Ardana (a decentralized exchange that was responsible for the successful stablecoins campaign), serves as one. Among other things, it’s a great place to ensure the security of stored value and ensure they don’t lose their values in any type of market, even volatile markets.
DUSD stablecoin, which is Cardano-base and Ardana as its foundation, can be found here. The DUSD stablecoin serves many functions, including staking and minting as well lending and transferring. Users have numerous options.
Are you looking to swap stable assets or stablecoins like the synthetic, wrapped version of Bitcoin? Ardana is also available for this purpose.
Earn passive income through the platform by depositing assets into the DanaSwap pool. You will receive financial rewards on a regular basis.
It also serves as a financial institution where its users can use their ADA assets to obtain DUSD loans by taking advantage of ADA’s appreciation and utility – two selling points for cryptocurrency investors.
ADA can help Cardano-based, decentralized finance companies that require stability and growth.
3. OccamFi
OccamFi is another project worth your attention. There are many enviable aspects to it, including a liquidity pool and launchpad capabilities.
Launchpad serves as the foundation for many DeFi apps and also acts as an asset lending or borrowing platform. The platform can be accessed if you wish to finance your Cardano DeFi projects.
Although it has several achievements to its name, the team plans to hike the ecosystem’s value by launching a DEX shortly.
The Cardano Blockchain is a growing community of cryptocurrency developers, and these three projects are still the most popular.