What is Ardana (DANA)?
Ardana is a DeFi hub constructed on Cardano. Ardana features customers two DeFi solutions, which includes: a decentralized stablecoin issuing platform and a decentralized Danaswap exchange, which permits extremely productive exchanges involving secure asset pools and supplies a single stage deal with for liquidity companies to earn trading charges. and DANA awards for their liquidity provision.
Ardana is an ecosystem of DeFi protocols that perform independently but perform in sync on Cardano. From a macro DeFi viewpoint, Ardana and its constitutive protocols have been individually and collectively created to serve as the fiscal basis layer for Cardano’s nascent decentralized economic climate employing historically established protocol versions primarily based on capital efficiency, stability and composability.
Ardana solutions
stablecoin
The Ardana Vault lets customers to collateralize assets to concern stablecoins dUSD.
Users create dUSD by depositing collateral in a vault inside the protocol through distinctive wise contracts identified as Collateralized Debt Positions (CDP). Here’s how dUSD comes into circulation and how customers acquire entry to liquidity. Once developed, dUSD can be applied in the identical way as any other cryptocurrency. Any dUSD or its corresponding currency variant in circulation is right backed by collateral and all dUSD transactions are publicly noticeable on the Cardano blockchain.
Danaswap
Danaswap is a decentralized exchange created to realize quick speeds and particularly minimal slippage involving stablecoins and stablecoins employing multi-asset liquidity pools. Danaswap is an automated market place maker (AMM) that immediately adjusts the liquidity concentration of the pool inside a fixed assortment to generate tight spreads involving the assets in the liquidity pool. This lets swaps to incur slippage and minimum charges without having impacting the income of liquidity companies.
Stable swimming pool
Danaswap Stable Pools will consist of a set of assets of equal worth. For illustration, Pool is made up of USDT, USDC, TUSD.
The Stable Pool will deliver a far more productive trade execution platform for common AMMs by centralizing most of the recent liquidity about recent costs.
Swaps on Danaswap are carried out through liquidity pools. When trading, customers can trade 1 asset for a further (offered the two are supported by their respective pools). Pools on Danaswap deliver customers with aggressive slippage even when doing substantial volume swaps.
Liquidity Providers (LPs) can deposit their liquidity into the pool for a reward of trading charges. Additionally, LPs can aim their LP tokens into the Ardana Rewards Enhancement Module (AREM) to participate in Ardana’s liquidity mining packages to earn far more DANA tokens.
Basic data about the DANA token
- Token identify: Ardana
- Ticker: DANA
- Blockchain: Cardano
- Token variety: Utility, Governance
- Total present: 125,000,000,000 DANA
- Circulating provide: three,468,750 DANA
Token allocation
- Open Token Sale: 28.five%
- Liquidity on the stock exchange: five%
- Founding members, teams and consultants: 15%
- Ecosystem growth and treasury: eleven.five%
- Cash extraction awards: forty%
Token release routine
| Initial release | Released each month | |
| Sale of seeds | five% | five% |
| Private sale | five% | five% |
| Public sale | 15% | 15% |
| Ecosystem growth and treasury | 10% | five% |
| Founding member, workforce and advisor | % (three month program) | five% |
What is the DANA token applied for?
- Premiums for liquidity companies.
- Administration.
DANA token storage wallet
Updating
How to earn and very own DANA tokens
Updating
Where to get and promote DANA tokens?
DANA is now trading on two MEXC exchanges, Gate.io with a complete day-to-day trading volume of about $ 22.two million.
Roadmap of the Ardana undertaking
Q4 2021
- Public sale
- TGE
- Launch of stablecoin
- Launch of Danaswap
Q1 2022
- Integrate numerous portfolios
- Price tokens on exchanges
- Launch of the Liquidity Incentive system
Investor in the Ardana undertaking
What is the potential of the Ardana undertaking, need to I invest in DANA tokens or not?
Ardana is 1 of the 1st DeFi tasks formulated on the Cardano network. The undertaking was born to introduce two DeFi solutions into the Cardano ecosystem: stablecoins and the decentralized exchange Danaswap. Ardana acquired an investment from top rated-tier hedge fund, Three Arrows Capital. However, the Cardano network is nonetheless unstable at the second and the dapps on this network frequently fail, so we have to have to commit far more time monitoring the progress of the undertaking to see if they get what they want, outlined in their whitepaper or not. Through this post, you will have to have by some means grasped the essential data about the undertaking to make your investment choices. Coinlive is not accountable for any of your investment choices. I want you achievement and earn a good deal from this likely market place.