This is why the ADALend team decided to deploy their product on Cardano: CEO Inspire Explains
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- Cardano is the only “truly decentralized” blockchain: ADALend CEO
- ADALend is shown in the “Essentials” list by IOHK, which is available on CardanoCube.io. is indexed by
Kaspers Koskins, the founder and CEO of ADALend decentralized lending protocol, is one of the early figures in Cardano’s dApps ecosystem. Today, he revealed why Cardano is a smart bet for high-performance DeFi in 2022.
Cardano is the only “truly decentralized” blockchain: ADALend CEO
In his recent interview, Mr. Koskins compared some of the mainstream smart contract platforms. First, he stressed that the Ethereum (ETH) blockchain is “plagued” by problems.
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— ADALend (@ADALend_finance) 12 January 2022
Due to excessive network fees and very slow transaction finalization, Ethereum (ETH) becomes unusable for most dApps.
In terms of modernization of technical solutions, Ethereum (ETH) will be replaced by more resource-efficient systems, Mr. Koskins said.
In Koskins’ view, the overhyped proof-of-history (PoH) blockchain Solana (SOL) is also not a solution. This network is “heavily” decentralized, Koskins emphasized.
As previously covered by U.Today, Dr. Gavin Wood, the founder of Ethereum and Polkadot, criticized Solana for centralization following its collapse in mid-September.
While Solana was down for 17 hours due to a DDoS attack, its team decided to shut down the network and issue an emergency update.
Thus, Cardano (ADA) remains the only heavyweight with “real” decentralization as no hidden whale can control it. Mr. Koskins is thrilled with its inclusive and fair design:
[Cardano] (…) has the security, speed and low transaction fees needed to provide a truly democratic financial solution that can be used by every person on the planet.
ADALend is shown in the “Essentials” list by IOHK, which is available on CardanoCube.io. is indexed by
This is why ADALend’s ecosystem operates on Cardano’s smart contracts. ADALend addresses decentralized lending/lending operations for cardinals; It is going to supercharge Cardano’s DeFi ecosystem with analogues of “blue chips”: Av Finance, Curve, Balancer, etc.
Due to the highly scalable and resource-efficient design of Cardano (ADA), users of ADALend can manage their liquidity with negligible fees and zero latency.
Protocol received $540,000 in seed funding from top VCs. Recently, it was added to the “essential” list by IOHK, the creator of Cardano: ADALend was mentioned as an important dApp for Cardano’s ecosystem.
It has also been added by CardanoCube.io, the first Cardano segment browser.