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AMA Satoshi Club x ADALend, October 15th

We were delighted to welcome our guest from ADALend. The AMA took place on October 15th, 2021 and our guest was @kasparsada.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Hello Satoshi Club! We are happy to announce our AMA session with ADALend! Welcome to Satoshi Club

Hello again, dear Satoshi Club community!

Hello everybody!

Hello and welcome to Satoshi Club

Hello and welcome here

how was your day?

Glad to be here)

It was good, thank you

Nice to e-meet you

How are you doing?

Nice to meet you too all

Thanks for joining!

We are great and are excited knowing more about ADALend

So, let’s start with intro


Could you please introduce yourself and tell us more about ADALend


My name is Kaspars Koskins and I am a Chief Executive Officer at ADALend!

I had experience as a Board Manager and Managing Owner in a couple of Technology Companies like KK Elektronika and Best Standard SIA. I am focused on achieving sustainable growth in dynamic market conditions through exceptional leadership and relationship-building strengths.

How did it happen that you start with crypto?

Can you share your experience?

Wow really great background

Well, it was my experience of working in the world of traditional consumer lending and savings that inspired me to launch ADALend. Frustrated with the low interest rates for savers and difficulty to access credit for many borrowers, my 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.

So, you are a man who creates more opportunities

Thank you for doing this


What do you think is a main goal for ADALend?

The ADALend protocol will power the new foundational wave of flexible financial markets by providing a layer for instant loan approval, automated collateral, trustless custody, and liquidity.

Sounds great

By leveraging power of Cardano, ADALend will grow quickly and build the game-changer of lending protocols. Supported by high level developers in Plutus contract language, ADALend is going to be one of the newcomers of Cardano ecosystem.

BTW we would like to know more about your team. Who is on the project team core?

Who helps you to build ADALend? What can you tell us about your team and it’s experience?

Ahaha, i was first

So to say shortly, our core team is highly skilled professionals. They are experienced entrepreneurs with successful businesses across technology and finance.

A lot to say about our team. You can find our team members shown in the team page on our website. Find the link here —

Sure! Thank you for sharing!

Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

I was born ready!

In many lending and borrowing crypto projects, borrowers avail loans in dollars or crypto by keeping digital assets as collaterals as in a conventional bank. After collateralizing cryptocurrencies, you remain the owner of that collateral but you cannot use it for trading or making transactions. Some of the leading players in the DeFi financing are Compound, MakerDAO, AAVE, Justlend. My question is what key strength and benefits do you have over these projects? How do you plan to curb Technology risks like code errors which can make your project vulnerable to hacking? How do you plan to create a bridge between traditional financing and DEFI? Thanks

Complex question

Oh yeah

Take your time please

So firstly, I will tell you about key strength and main benefits of ADALend. I will put it in numbers:

1. Permissionless Lending on Any Pairing ensuring that the best offers are available and that only the safest oracles are used.

Which oracles do you use?

2. Liquidity is predicated on having enough assets in each pool to facilitate lending. ADALend addresses this requirement by incentivizing users to deposit assets and provide liquidity.

3. Community Governance allowing token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote.

The key dependency in the lending protocol is Price oracle. We will be utilizing multiple oracles for protocol security — Chainlink and Ergo are good oracles to start with.

Nice choice

So to continue about benefits and security

We also have Ecosystem Foundation Layer that gives the project the ability to attract assets and build incentives that can empower an ecosystem of financial products.

The security of the project is enhanced by it’s protocol architecture, code quality, health monitors, and active liquidation bots and insurance.

And lastly to say about security system, the collateralization ratio is helping the loan amount to be consistently lower than a specific percentage of collateral. And the origination fee for borrowing also prevents spam on the contract.

Safety first

Of course!

well thought out system, I dare say

Do you plan any audits or may be even insurance?

Well yes, we will have our protocol audited by most advanced audit companies, we are in deep discussions…

And searching for best solutions!

Thanks for your great answers

You manage several lending pools and each pool has several key components including liquidation model, utilization ratio, borrowing, and lending interest rate. When choosing a pool, are there any aspects to consider in addition to aforementioned common concerns? When comparing to pools offered by similar platforms, how do ADALend pools differ in terms of benefits and security? Could you please explain which is the best pool in the current situation?

Good question !

We will use the liquidity mining program to bootstrap the liquidity on the lending pool and control the utilization ratio of each asset. All the actions on the protocol are incentivized by importance level. I will write down by order




Flash Loan

Governance votes

Governance token LPs

The amount of tokens allocated for the liquidity mining program will be published in the forthcoming tokenomics paper.

When do you expect all details to be public?

To say more, 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.

Sounds exciting

We expect the full launch of the ADALend protocol in 2022 Q3 — Q4

You have time

don’t forget to share with Satoshi Clubbers

Now I want to explain the difference of ADALEnd from other platforms


Thanks for your answers

The example is JustLend. When comparing ADALend and JustLend, we cannot ignore the characteristics of the Cardano and Tron blockchains which is what everything boils down to.

Here are three key benefits of ADALend over JustLend:

So the first one is Algorithms

ADALend which utilizes Cardano uses the Ouroboros algorithm permits parties to join the protocol execution using just the genesis block information in a secure manner. Prior to this approach, PoS protocols either needed participants to get a trusted “checkpoint” block upon joining and to remain online often, or they required a precise estimate of the number of online parties to be hardcoded into the protocol logic. Ouroboros uses rigorous security guarantees that are considered mathematically proven.

Then Roadmap Development

To give you the detailed information, Cardano has a well-organized team with clear objectives, further developing the project. Cardano has enormous scalability potential and the ability to create decentralized applications making it a very robust blockchain capable of handling the demands of the future. While Cardano and Tron appear to be working on a DPoS consensus from the outside, Cardano has put more effort into building its own unique consensus. Tron, unfortunately, has the first stage of the TRON project’s plan, which comprises the deployment of its blockchain completed. As a result, despite having its own network, the platform is still in its early stages of development and short terms goals remain undefined.

And lastly

Blockchain Structure

In reality, the TRON platform is overly centralized. About half of all TRX tokens on the market are held in 10 addresses, which might have a significant impact on the cryptocurrency’s price. Furthermore, roughly 15% of all distributed coins are available for private investment. The remaining will be owned by a few developers and significant investors.

Hope that will be enough for the answer

Sure! Very detailed answer!

flawless answer

Are you ready to jump to the next question?


In the frequently asked questions section of your platform you say that AdaLend is looking to scale and provide various assets including LP tokens to facilitate profits with yield for users, but you do not specify what those assets would be in the short term, can you tell us more specifically about Which ones will be included in the initial phases of the project and which token will be the one that will take the reins of your ecosystem?

As stated earlier, all activities on the platform will be done through its native token — LP token.

This token will be used to determine the utilization ratio for our lending protocol projects according to the specified objectives and mission statement. The ADALend token is a utility token based on its number of use cases — governance, lending, borrowing, and incentivization.

Furthermore, the deflationary approach will be adopted to ensure that the token’s value continually rises.

Deflation in this context doesn’t imply the conventional economic approach. Instead, it talks about removing a particular portion of the token from circulation for the perceived value of the token to increase.

Different lending protocol platforms have used this approach. Some of the methods employed to achieve the deflationary policy include token burning, token buyback, and token blocking to ensure a recurrent rise in the value of the LP token…

That’s it)

On which place will you have governance? Will it start from the beginning or after platform will be fully launched?

ADALend is looking to bring a new governance system to build a scalable system truly controlled by active users and backers of the community.

Sounds great

Thank you for your answers! Ready to go to the next question?

The governance decides critical decisions and parameters for the lending pools, including:

Assets adding and removal

Collateralization ratio per asset by asset’s risk ratio

Yield programs

Fee rates / Usage of the fees/Protocol upgrades

Congratulations! For the Selling out 4% of $ADALend tokens of total supply in seed round less than an hour. Could you share with us benevolent information regarding the seed round? Who were the backers & investors participated in the Seed round? A private round & launchpad IDO will be take place soon within ADALend project as I guess. Please provide a well description about the private sale & IDO So that retail investors like me can prepare to the whitelisting process?

The Seed investors are HNWI (High net worth) individuals from Dubai, Saudi Arabia, and China and are private individuals who do not want their names published.

And the first IDO will take place mid-December/early January and trading on major platforms starts mid-January.

Do you already know where it will take place?

Well cannot say directly…We will announce the news regarding the listing soon

We will follow your updates! And don’t forget to share with us your news!

oh … we look forward to

Thank you for your answers! Ready for the next question?


Any financial institution will always guarantee the return of any credit provided by making a credit check verification or asking to confirm the ownership of some capital assets. How does the process is built at Adalend? What are the criteria of credit check verification for the requestor to pass? Thank you!

ADALend decentralized application basis provides an immediate reply to loan requests which depends exclusively on the borrower’s eligibility to request a loan. This involves how much the borrower understands guiding rules. First-time borrowers may experience difficulties in analysing the actual value of requested tokens. This group of borrowers needs to apply extra caution in setting the appropriate value of collaterals, as overvalued collaterals may discourage prospect lenders, restricting funding of the loans.

Cardano operates on a 100% trustee venture, lessening the need to trust the borrowing party as a lender.

In simple words — what i will have to do to borrow on your platform?

So once a borrower puts up a loan request on ADALend, the lending party, ADALend platform, or any other party cannot hinder the said loan request from being activated once the loan amount is granted.

So in place of trusting the borrowing party as the lender, decentralization strategies and procedures are utilized to limit the necessity of trusting the borrower, significantly limiting associated risks involved with the implemented borrowing system.

The Ethereum network uses a proof-of-work(poW) blockchain which frankly is inefficient compared to the Cardano blockchain,a proof-of-stake(poS) system.The Cardano blockchain allows the processing of much higher number of transaction in comparison to Ethereum.Moreover,the Cardano blockchain is much faster.Since the Cardano blockchain is more faster and effective,do you in the have any plans to integrate other Blockchain like Solana,BSC?How about having Cross-Chain Interoperability in the future? And which LP tokens are users allowed to use in your platform? Thanks

So to say, with the constantly heightening rates of cryptocurrency-related crimes, ensuring adequate security of users and assets remains a priority. Cardano, as a lead proof-of-stake platform, provides an absolute and proven safety of its users.

ADA is developed to overcome challenges encountered in using other crypto platforms. Cardano is regarded as a better and more dependable digital investment in comparison to other cryptocurrency assets.

If talking about Cross-Chain, we are not planning to do it right now

Part 2 — live questions from the Telegram community

Please give me the biggest reason for hodling ADALend tokens for really long term?

ADALend is built in a way that makes it a contender to lead the DeFi space. Built on the Cardano blockchain, it incorporates all of the strengths and none of the weaknesses that other DeFi protocols are trying to overcome….

What are the ADALend platform lending criteria? How will you protect the lender in repayment disruptions?

The security of the project is enhanced by it’s protocol architecture, code quality, health monitors, and active liquidation bots and insurance. The collateralization ratio is helping the loan amount to be consistently lower than a specific percentage of collateral. And the origination fee for borrowing also prevents spam on the contract.

For our content marketing approach, we will leverage the power of digital marketing to promote our Dapp across social media to its target audience. An enabling and interactive community will be established across all social media platforms like Facebook, Twitter, and LinkedIn to educate our prospects on how the platform works and community forums like Medium and Reddit to achieve optimum reach. Due to the platform’s complexity, both paid and organic approaches will be adopted for broader and faster growth.

as i know, there are so much new project on DeFi world right now , could u told us what makes ADALend PROJECT unique than other competitor? what makes your project different?

When talking about loans, we become hesitant. That’s probably because most loan systems have enormous interest rate fees and are very hard to even get. This brings a major struggle when in the need of funds to start your business ventures or fulfill your financial needs. Well ADALend makes it easier, affordable and even profitable for the customers and holders of the coin.

I want to invest to your project. Where i buy your token? Is it available on any exchange?

Right now you can contact us for private sale ( As for exchanges we will announce very soon!

Most of the projects are know after they are listed by Binance so do you plan to list ADALend on Binance any time soon?

Surely this will be possible!!!

How ADALend is more efficient in terms of providing lending & borrowing services which are also provided by Banks, PFIs, & so many DeFi projects?

The speed and low transaction costs of Cardano (compared to the extortionate gas fees on Ethereum) make it the perfect blockchain upon which to build a democratic lending platform for anyone in the world who wants to borrow dollars without spending their crypto, or earn a market beating yield on their digital assets.

how to start with ADAlend? any useful links? thanks

Here you go!




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Latest news:

I see that the new ADALend project is doing an AMA for the first time, so what do you expect from this AMA? Does this include promoting the ADALend project so that it can be known or known by many people? Dam can you tell me on whether the ADALend project has a social media platform other than Telegram to promote the ADALend project? If so, what are the social media platforms owned by the ADALend project, can you provide the link so that users here can join and see the progress of the ADALend project?


As a platform that aims to serve the financial market by providing a foundational layer for various assets that gives its users the support to leverage yield farming in the Cardano ecosystem, ADALend will leverage the power of digital marketing to achieve its marketing objectives. To be effectively and thoroughly achieved, we’ll work on two approaches — content marketing and influencer marketing approach.

As for link, you can visit our website:

You have said that ADALend is technically a sleeping giant waiting to wake up and shake the DeFi world, Can you tell me Some distinguishing feature of ADALend which makes it superior than AAVE and JUSTLEND ?

ADALend utilized Cardano as the main blockchain that will power up the DeFi system; unlike AAVE built on Ethereum, Cardano is much cheaper to send, receive, and initiate contracts. In 2021 Ethereum gas prices skyrocketed, making disgruntled customers realize that fees were a significant problem for everyone using the AAVE protocol. In some instances, in 2020 and 2021 average fee for transactions reached as high as 80 USD (BitInfoCharts). Cardano fees remain low in comparison mainly due to its dual-layer design, which separates computations from settlements.

I Read that ADALend is looking to bring a new governance system , Can you tell me On What various decisions users are allowed to vote and submit proposals ?

ADALend is looking to introduce a new governance system to build a scalable system truly controlled by active users and backers of the community.The voting power will be calculated by both the native token balance and users’ on-chain / off-chain activity analysis.

Part 3 — Quiz Results

In the final part we tested your knowledge in terms of ADALend. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

English Telegram group:
Russian Telegram group:

Spanish Telegram group:
Telegram Channel:

ADALend Website —
ADALend Telegram — @ADALend



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