adalend | BTCC Knowledge

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What is adalend & how does it work?

ADALend is building a scalable and decentralized lending protocol within the Cardano ecosystem. ADALend devotes its best to building a trustworthy decentralized lending practice governed by the Cardano system.

What is adalend / Cardano?

ADALend is building a scalable and decentralized lending protocol on Cardano, governed by the community.Cardano is the market leader in PoS as a collection of protocols for economic support to billions of people.

What is adalend's vision and mission?

Frustrated with the low interest rates for savers and difficulty to access credit for many borrowers, Kaspar’s vision and mission for ADALend is to eliminate the banks and intermediaries, and leverage the power of the Cardano blockchain to democratize and decentralise the world of finance.

How does adalend provide liquidity?

Liquidity is predicated on having enough assets in each pool in order to facilitate lending. ADALend addresses this requirement by incentivising users to deposit assets and provide liquidity. Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote.