TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Elrond partners with Ardana to promote EGLD Collateralize Stablecoins

by souhaib
October 8, 2021
in Economie
0
Elrond partners with Ardana to promote EGLD Collateralize Stablecoins
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


Elrond and Ardana have joined hands to promote EGLD Collateralize Stablecoins released on the Cardano blockchain.

The partnership will help EGLD to shoot to the top of the cross-chain digital assets that assist in collateralizing the stablecoins that are released on Cardano using Ardana.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

The announcement comes just a few days after Elrond announced another partnership with Composable Finance. These collaborations are throwing Elrond into the limelight and its popularity is growing exponentially

Ardana is developing a DeFi framework for Cardano

Ardana is currently working on developing a DeFi framework for the Cardano blockchain to help with the issuance of dUSD stablecoins.

The DeFi framework will also allow decentralized trading on the Danaswap DEX platform which is a DEX built on Cardano.

Elrond on the other hand aims to make EGLD the first non-native token to be used on the Cardano blockchain.

After the integration, Cardano users will be able to use EGLD as collateral for minting the dUSD stablecoins. To do so, users will require to migrate the EGLD token from Elrond to Cardano through a two-way bridge that will be deployed in collaboration with Ardana.

The partnership will also help users leverage the digital assists available for DeFi on the two blockchains (Elrond and Cardano).

Elrond Network CEO Benjamin Michu commented on the partnership and said that the ability to explore the possibilities of collateralizing a stablecoin on one blockchain through a native token for another chain is a good start for interoperability.

Founder and CEO of Ardana Ryan Matovu also commented by saying that eGold is a rare resource because of its limited supply although its demand is currently skyrocketing within the crypto space. He aired his satisfaction with Ardana efforts in addressing the issue by making the resource available to the Ardana community

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

eToro






10/10

67% of retail CFD accounts lose money



Source link

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Share30Tweet19Share
Previous Post

2021-22 NBA Sixth Man of the Year Candidates

Next Post

Is This the Right Time To Buy Crypto? SOL, LUNA, and DOGE Could Breakout! 2021

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0
‘momentum is continuing into 2022’

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0
Astra Space stock closed down 20% on Monday: here’s why

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0
Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0
Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0
Should I buy Uber shares in February 2022?

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post
Is This the Right Time To Buy Crypto? SOL, LUNA, and DOGE Could Breakout! 2021

Is This the Right Time To Buy Crypto? SOL, LUNA, and DOGE Could Breakout! 2021

No Result
View All Result

Recent Posts

  • How to Play a Vulnerable Nvidia Stock
  • Kakhovka Dam Already Damaged Days Before Collapse: Satellite Photos
  • Kitchen hacks: Home cook reveals you’ve been using paper towel wrong
  • A woman is arrested 4 days after Ajike Owens was fatally shot after knocking on her neighbor’s door
  • Taylor Swift chokes on a show. look at his reaction

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide