ADA Finance Builds The First DeFi Ecosystem On Cardano With Affiliate Incentives
November 12 2021 - 6:42AM
NEWSBTC
The decentralized finance (DeFi) community has long awaited the
arrival of heavy duty DeFi protocols on Cardano. With the Alonzo
hard fork, Cardano is making progress to release smart contract
deployment on its blockchain, and the stage has been set for
revolutionary new financial services to build on the network. Over
its short history, DeFi has expanded into a behemoth community with
a total value locked (TVL) that stands at around $275 billion
today. However impressive these numbers may seem, the total AUM of
traditional finance (TradFi) still looms large over DeFi, and for
many this represents an exponential room for DeFi’s growth. DeFi
represents a people powered financial community that is built for
the community to benefit the community. In the spirit of building a
greater DeFi community, ADA Finance has introduced an affiliate
rewards program that incentivizes users to refer their friends and
family to the protocol and earn an increased share of passive
income for helping build its user base. ADA Finance Builds Momentum
on Awards Nomination ADA Finance was recently nominated “Best DeFi
Project of the Year” by the AIBC Summit, potentially the largest
blockchain summit in Europe. The prestigious nod places ADA Finance
in the running with five other projects noted for their outstanding
work towards making DeFi the next big disruption in industry, and
awards will be decided on November 16th. The AIBC Summit has opened
voting for their awards, and other nominees include the artist
whose NFT sale was heard round the world, Beeple. In March of this
year, Beeple broke records by selling a work of NFT art through the
auction house Christie’s for $69 million. Since the beginning of
this year, DeFi and NFTs have been on a course to make history as
the explosion of new users into each sector has been tremendous.
ADA Finance’s referral program creates an innovative and lucrative
way for its users to further this growth and introduce more people
to the DeFi community and the services ADA Finance has to offer.
How ADA Finance Makes DeFi Easy for Everyone The DeFi world is an
evolution within the blockchain and cryptocurrency industry as it
brings a whole new opportunity for earning multiple passive income
streams. The incentives, rewards, and blockchain-enabled security
DeFi provides its community are tipping the balance in DeFi’s favor
as the traditional finance industryi struggles to offer percentage
yields on savings accounts that edge into whole numbers. The
numbers don’t lie: DeFi is shaping up to be the ultimate in
financial services. DeFi as a whole has bloomed into a vast array
of services within its ecosystem, and ADA Finance is making DeFi
easier for everyone by developing multiple services that can be
accessed in one place. ADA Finance delivers DeFi services that have
become commonplace for the community to find across multiple
protocols, spreading wallets thin across networks and reducing the
ability for these services to easily work together. By offering
services for borrowing and lending, yield farming, staking,
swapping tokens, and even margin trading on one protocol, ADA
Finance lets users take advantage of opportunities for growing
wealth that arise when these services can be used in tandem.
Additionally, users can yield even greater gains by participating
in all of these services in one place, because ADA Finance’s
address milestones rewards users who are active within the
protocol, something that’s impossible to do when users are forced
to interact with different smart contracts on different protocols.
ADA Finance Builds the DeFi Community From the Ground Up The ease
of finding everything one needs to participate in DeFi is a huge
draw for many users, and providing a referral rewards program and
incentives to use all of ADA Finances services sets the protocol
apart from the competition. However, making DeFi better for those
already involved is only half the battle. In a bid to draw even
more users to DeFi and help the community grow, ADA Finance has
begun an airdrop rewards campaign to further increase the number of
users who can leverage $ADAFI tokens to better their financial
situation. The airdrop will reward 100 lucky users with a prize
pool of $5,000 worth of $ADAFI, and all entrants need to do is
perform several tasks in order to register. As the ADA Finance
community continues to grow, DeFi will benefit in the long run.
Cardano (COIN:ADAUSD)
Historical Stock Chart
From Apr 2024 to May 2024
Cardano (COIN:ADAUSD)
Historical Stock Chart
From May 2023 to May 2024