Aada Finance AADA Price 2.04

What is Aada Finance? Aada Finance is a lending and borrowing protocol. The Aada V1 dApp allows users to transfer and trade their loans in the form of NFTs. The protocol gives peer-to-peer primitives to the lender and borrowers.
How many AADA coins are in circulation? Aada Finance has a total token supply of 29 million AADA. The protocol had a Public launch allocation of over one million AADA token. The DEX launch took place on January 29, 2022. Private Round participants get 18.64% of the supply. The distribution began with a 9-month schedule. The allocation goes as follows. The strategic partners are 6.78%. The core team is 10%. Referral and marketing are related. Advisors are 3.39 percent. Staking and governance are related. 3.39 is the token Liquidity.

Who are the founding members of Aada Finance? Aada Finance was founded by two brothers. The latter was inspired by the ability of the technology to facilitate trustless transactions. He turned to Cardano because of the Defi craze. The Cardano equivalent of Aave was the initial concept of Aada Finance. Aada is a project with a unique NFT bond interaction model.
What makes Aada unique?
The bonds are called NFT Bonds. The first protocol to introduce the NFT bond feature is Aada Finance. It allows for the transfer and trade of loans by tokenizing them into NFTs. Whenever a user places a loan request or supplies one, the protocol mints an NFT with a unique policy that serves as proof.
Borrowing and multi- asset lending. Aada introduces multi-asset parameters. A borrower can request one Cardano-native asset, supply another, and pay interest on a third one.
The governance of the DAO. Aada Finance has a key feature called the DAO. AADA token holders can vote on various proposals.
ADA can be traded with AADA on major Cardano exchanges.