ADALend lights up the DeFi space on Cardano ADALend is a sc | Top DeFi

ADALend lights up the DeFi space on Cardano

ADALend is a scalable and decentralized credit protocol managed by a decentralized autonomous organization (DAO).

ADALend will offer various features that will provide its users with decentralized financial instruments available to anyone with Internet access, without the complex KYC requirements of the traditional banking system.

The protocol will increase the capital efficiency of digital assets by allowing accumulated assets to fund multiple pools of loans. The protocol will use Cardano's blockchain (ADA) to unlock DeFi's potential in this network as a viable replacement for the traditional financial sector.

Cardano's code base was developed in Haskell, a widely popular programming language explicitly chosen because of its ease of auditing.