deFIRE and Ardana are pleased to announce a strategic partnership to begin exploring avenues to implement Ardana’s stable asset liquidity pools within the deFIRE decentralized exchange aggregation protocol. Ardana is a decentralized stablecoin ecosystem offering a Cardano native asset-backed stablecoin and a stable asset DEX for the most efficient stablecoin swaps.
Ardana will provide deFIRE with access to highly capital-efficient liquidity pools for stablecoins and stable assets through its decentralized exchange, Danaswap. Danaswap is able to achieve ultra-low slippage trades between stablecoins and will integrate with deFIRE’s DEX aggregator to provide traders easy access to stablecoin liquidity pools so they can quickly move in and out of different pairs while obtaining the best possible prices at all times across the Cardano DEX ecosystem.
Ryan Matovu, Founder of Ardana, says:
“ With the rise of DEXs on Cardano, Ardana are looking forward to partnering with deFIRE in building out our systems. Both teams are working together to construct a robust and innovative platform where users will be guaranteed the lowest fees on trades with the support of a DEX aggregator. This unique partnership will make Ardana a top choice compared to other exchanges available on Cardano.”
Conor Devlin, CMO of deFIRE, says:
“ We are witnessing the birth of a flourishing DEX-ecosystem on Cardano; plenty of DEXs are being built to service the massive amounts of stored liquidity that will finally be unlocked in September. By partnering with Ardana we are going to be able to support all of these many DEXs and enable traders to have the liquidity needed to get the best prices for their swaps.”
Written by Conor Devlin, Technical Writer
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About Ardana: Ardana is an on-chain asset-backed stablecoin protocol and decentralized exchange stable asset liquidity pool built on Cardano. The stablecoin is overcollateralized with on-chain Cardano native assets facilitating borrowing and the decentralized exchange allows for highly capital efficient trading between stablecoins and identical assets with low-risk income from fees for liquidity providers. To connect and learn more, visit: https://ardana.org/
About deFIRE: deFIRE is the “Hub for Optimal Onchain Execution”, in essence, we are the go-to place to find the best prices for any assets trading on Cardano DEXs. We aggregate all DEXs within the Cardano ecosystem to find the best prices for our users. deFIRE is powered by the $CWAP token to reward users and institution routing
