NEWS ZAP Celsius Network enables Cardano borrowing and yi | ⚡️ ALTUS.FINANCE ⚡️

NEWS ZAP

Celsius Network enables Cardano borrowing and yield farming this month


Celsius Network has indicated that the platform would soon add Cardano (ADA) to its cryptocurrencies eligible for borrowing collateral and yield returns on August 19.

In a Twitter post, Alex Mashinsky, CEO of digital asset lending business Celsius Network, stated that users would “be able to take a 1% APR loan using ADA as collateral on the same day”.

Furthermore, users will be granted a yield rate of 4.05% as the platform capitalizes on the rising popularity of ADA, with Cardano witnessing increased adoption over the last year.