ADALend ($ADAL) — the ultimate scalable and decentralized lending protocol on Cardano is launching soon

3 min readMar 12, 2022

ADALend — the protocol that powers a new wave of flexible financial markets through secure instant loan approval, automated collateral, trustless custody, and liquidity is coming to market.

IDO Date: Monday, March 14th

Staking Eligibility Cutoff: Monday, March 14th, 5 AM UTC

Public Sale Token Price: $1.0 USD

Allocation Round Opens: Monday, March 14th, 8 AM UTC

#BSCPAD FCFS Round: 1 PM UTC
#ETHPAD FCFS Round: 1.10 PM UTC
#ADAPAD FCFS Round: 1.20 PM UTC
#VELASPAD FCFS Round: 1.30 PM UTC
#PULSEPAD FCFS Round: 1.40 PM UTC

Listing:

AstroSwap Launch: Monday, March 14th, 3 PM UTC
PancakeSwap Launch: Monday, March 14th, 3:30 PM UTC
Uniswap Launch: Monday, March 14th, 4 PM UTC

Maximum Token Supply: 45,000,000 $ADAL

Public Sale: Monday, March 14th

#BSCPad: 350,000 $ADAL
#ETHPad: 250,000 $ADAL
#ADAPad: 650,000 $ADAL
#VelasPad: 300,000 $ADAL
#PulsePad: 250,000 $ADAL

Circulating Supply at Listing: 720,000 $ADAL

Market Capitalization at Listing: $451,125 USD

Public Sale Vesting Schedule: 10% at TGE, 1 month cliff followed by 10% monthly release for 9 months

About ADALend

ADALend — the ultimate scalable and decentralized lending protocol on Cardano that is governed by the community! ADALend protocol will power the new wave of flexible financial markets by providing a layer for instant loan approval, automated collateral, trustless custody, and liquidity.

What problems does ADALend solve?

Lower Transaction & Contract Fees
Higher Transaction Speeds
Better Code Security & Robustness
Uses Multiple Oracles
Environment-Friendly

How Does ADALend Fit in the Current Ecosystem?

ADALend can be thought of as the Aave of the Cardano ecosystem. ADALend is a scalable, trustless, and decentralized lending protocol that harbors users within a self-governed environment. From day one, they committed to build natively on the Cardano blockchain, which will enable the lending platform to aggregate protocols that support business models that give economic support to billions of users. Cardano remains an excellent blockchain platform developed and established based on proven evidential techniques and thoroughly evaluated pool analysis. With this advantageous leverage derived from the capabilities of Cardano, ADALend maintains a primary objective of scaling digital assets lending practices.

ADALend will bring back the balance of power between lenders and borrowers. By allowing the use of digital assets as collateral, the use of the platform will be diversified to the benefit of the user.

Tokenomics

Token Utility

ADAL utility & function:

DAO — token holders will be able to participate in DAO, to approve what token liquidity mining will be concluded next (in other words introducing new token), change token pool parameters (collateralization ratio, fees, etc);
Incentivization — ADAL token will be widely used for liquidity providers incentivization — e.g. farming, fixed period staking rewards;
Liquidators “power” indicator — liquidators will be prioritized by how much ADAL they have staked and will be paid with ADAL for liquidation services;
Borrowing fees decrease program for holders (still in discussions);
Reserve currency — ADAL can be swapped on demand for liquidity, for that ADAL/token AMMs will be always launched when introducing a new token.