Aada Finance to Integrate the Djed Stablecoin, powered by COTI
We are happy to announce another partnership, now with Aada Finance, a crypto assets lending platform built on the Cardano blockchain. Their smart contract allows users to deposit assets and collect interest or borrow assets and perform financial actions. The integration comes as part of our plan to create strategic alliances with other Cardano projects.
Mantas Andriuska, Co-founder of Aada Finance said: “Stablecoin pairs are crucial for every fully working DeFi platform. In this regard, we see our collab with COTI as a core part of our growth. Indeed, Djed will serve as the backbone for our pooled lending. Also, the integration will enable Aada’s users to trade and provide liquidity with ease. Finally, this step will increase our reliability and stability.”
Djed, an algorithmic stablecoin built on Cardano and powered by COTI, will be released later this year. As our technical team continues to meet product milestones, we will be exploring innovative ways to ensure Djed’s full integration and utilization across the crypto ecosystem once launched.
Shahaf Bar-Geffen, COTI’s CEO said: “The partnership with Aada makes sense given that the Djed platform is an integral part of Cardano DeFi. By integrating Djed into their platform, Aada users will be able to borrow and lend using the Djed stablecoin. We look forward to watching this partnership unfold.”
Undoubtedly, the partnership between Aada Finance and Djed is part of our long-term plan to work with other Cardano projects. Thanks to this move, the two native assets will increase their adoption.
Stay COTI!
About AADA Finance
AADA Finance is a crypto assets lending platform built on the Cardano blockchain. The platform uses a pooled lending protocol to make assets more readily available and to provide a seamless lending and borrowing process. Users are able to deposit assets to earn a yield, obtain a loan (overcollateralized and undercollateralized) and swap deposited assets. By building on Cardano, the platform will also be able to offer extremely low transaction fees.
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Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
