Cardano-centric lending platform to launch ahead of Vasil

Sahana Kiran
Source – Unsplash

The crypto community has been anticipating the arrival of several updates. While most of them have been focusing on Ethereum’s Merge, the Cardano community has been awaiting the Vasil hard fork. The Vasil hard fork is considered one of the most important upgrades to the network. However, constant delays in its occurrence have got the community growing wary. Meanwhile, several other updates revolving around the network have been surfacing.

More recently, Aada Finance, announced that its Cardano-centric lending and borrowing platform Aada V1 was ready to hit the market. Months after being tested by the public, the platform is expected to go live on September 13.

Additionally, it should be noted that the firm intends to roll out its DeFi platform ahead of the Vasil hard fork. With this, users will be able to lend as well as borrow assets employing a special NFT bond technique.

Cardano community comes in strong against Coinbase

As mentioned earlier, after constant delays, Cardano developers have been trying to roll out the Vasil hard fork. However, crypto exchanges are yet to signal support for the same. Prominent exchanges like Binance, Bitrue, HitBTC, OKex, and others have either started the process. Coinbase, however, seems to be untethered by this situation.

This did not settle well with the Cardano community. An array of them took to Twitter and noted how Coinbase was avoiding one of the biggest network updates.

One Twitter user wrote,

“Hey, @coinbase, one of your many confused customers here. The latest available information shows that you haven’t yet started integration for Cardano’s #Vasil upgrade. Why? Considering the importance of the upgrade to the protocol and the passion of the community, it feels bold.”

While most of them were waiting for the crypto exchange to make amends, a few of them were ready to migrate to other platforms.

With all of this in play, ADA was trading for $0.4557 with no major changes in its price over the last 24 hours.