Finance News

Story: Cardano (ADA) Community Discusses Marlow and the Future of Decentralized Finance

By Maheen Hernandez

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Cardano Community has been of late discussing the future of DeFi.  The community have been discussing a lot of stuff.

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Shruti Appiah, Senior Product Manager at Marlow, IOHK has been speaking about the future of decentralized finance.

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What is Decentralized Finance today? Decentralized Exchanges (DEX) & AMMs Lending & Credit Stablecoins Oracles & Prediction Markets Asset fractionalization (NFTs)…

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What is the Future of DeFi? To be successful, users need to be able to understand a smart contract.

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What is the Future of DeFi? Product: - Modularity - Composability Interoperability: - Asset transfer across chains, bridges, lending, Omnichain DEX – Deep Interoperability;…

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What is the Future of DeFi? Scalability & optimization: - True State - Synthetic State This approach improves performance and cost for dApps.

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What is the Future of DeFi? Stability - Core functions of money - Stablecoins (useful for lending, credit) Costs - (Currently) Quite high when networks are congested -…

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Are Smart Contracts just for Finance? No, they are also incredibly useful in the Legal environment and will significantly reduce the cost and time taken to process a contract.

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What is the Marlowe suite of products? High level, 3 prongs: 1) Developers (Marlowe Playground; for testing) 2) End users (Marlowe Run; Smart Contract Templates) 3) Enterprise…

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How will lending work? Cardano has a native token, but supports multiple other tokens.  It can be done in any of those.

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Finally for developers Up for a challenge? (It’s REALLY easy) Try your hand at writing Marlowe contracts on the Input OutputHK playground.

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IOHK points to:  Who can use Marlowe? Marlowe is a platform for decentralized finance (DeFi) that supports direct, peer-to-peer lending, contracts for difference (CFD), and…

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For those who are new to Marlow, it is a new language that brings decentralized finance to the Cardano Ecosystem.

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