What exactly is AdaLend? AdaLend is a user-friendly, scalable, and fully decentralized Layer 1 platform built on the Cardano network that aims to tackle and remove DeFi issues. Faster loan approval, automated collateral, trustless custody, and increased lending liquidity are all benefits.

Cryptocurrencies and DeFi are booming right now

The total value locked (TVL) of tokens in DeFi protocols surged 357 percent to $255.39 billion across all blockchains.

Nearly $2.5 trillion in cryptocurrency were traded in January 2022.

The entire market capitalization of all crypto assets has now crossed $2 trillion.

Crypto-financing has emerged as the market's most dynamic segment. As of January 2022, DeFi lending protocols account for around $35 billion TVL, with Ethereum dominating the industry with a 54 percent share of TVL.

Ether is slow, expensive, and unable to scale

Orders pile up faster than they can be processed, causing delays, because Ethereum can only handle 10 to 15 transactions per second.

When demand is high, gas prices can be exorbitant, reaching over $50 per transaction on average in January 2022.

Ethereum's market share is fast declining after peaking at 97 percent in January 2021, as developers and crypto investors migrate to more flexible and versatile blockchains

.The following are some of AdaLend's unique features

A Spectacular Structure — the AdaLend protocol uses the native $ADAL coin to manage numerous lending pools in an attempt to improve capital flow efficiency. Each pool's liquidation mechanism, utilization ratio, and borrowing/lending interest rate are all critical elements. The system allows users to tokenize deposited assets, allowing them to transfer ownership of lending positions between them automatically.

Liquidity Providers (LPs) Must Be Incentivized — DeFi lending protocols must encourage Liquidity Providers (LPs) to place assets in pools to make lending easier. AdaLend achieves this by offering LPs attractive incentives and a high annual percentage yield (APY) in exchange for depositing assets and increasing lending liquidity.

Flexible Lending Options — all lending in AdaLend is permission less, trustless, and may be done with any token pairing. The protocol's governance ensures that only the safest oracles are used to determine pricing and rates, guaranteeing that only the best deals are made available.

Decentralized and democratic governance — AdaLend's governance is open to all $ADAL token holders, who can vote on proposals and influence the platform's future development. The AdaLend DAO seeks to create a democratized, open-to-all, and completely transparent global financial ecosystem.

Idle Asset Optimization — AdaLend lowers the non-stable currency usage ratio while increasing token circulation, achieving a dual goal of maintaining protocol users' liquidity while also offering borrowers with competitive lending rates.

AdaLend also transfers idle assets to stable swap platforms, reducing the quantity of idle assets on the market.

As a result, users with cold storage tokens can now use them to promote the AdaLend protocol and get further benefits.

AdaLend is the answer and investors are taking notice

The September 2021 private sale of 1.8 million ADAL tokens sold out in less than an hour, raising $540,000.

To fund its expansion goals, AdaLend will hold a public sale on March 14th on five launch pads i.e., BSCPad, VelasPad, PulsePad, ADAPad, and ETHPad.

These are the most popular launch pads among investors, and they allow you to get $ADAL tokens before they are available for purchase.

The $ADAL token will trade on the major crypto exchanges linked to the launch pads once it is listed, providing it with immediate liquidity and visibility.

With its unique features, unrivalled capabilities, and built-in scalability, AdaLend is poised to usher in a new era of DeFi lending.