Cardano native DeFi Lending protocol

 Aada.Finance has implemented NFT Bond use into financial action which overtakes all other projects on the lend/borrow platform. Aada.Finance also announced fair launch IDO through their ISPO.

Aada is a decentralized non-custodial liquidity market protocol. Aada is one of the first lending protocols built on top of Plutus/Haskell Cardano smart contracts. Platform users can engage as depositors or borrowers in a decentralized non-custodial liquidity market protocol. Depositors receive a passive income by providing liquidity to the market, while borrowers can borrow with over collateralization or under collateralization.

Lenders provide liquidity for borrowers on AADA smart contracts and for such actions they receive interest from the borrower as they interact directly without any third parties. There is one risk for liquidity providers in shortfall events (smart contract exploit) : up to 30% of their assets can be taken to cover exploit losses.

Borrowers can borrow assets by providing collateral assets in such a way no transaction is done. Borrowers provide collateral for example of 500 USDT and get a loan for example of 200ADA. If the price of the loan goes up, there is a liquidation line when the loan reaches 85% worth of the collateral and is liquidated and the borrower keeps his loan. In a downfall event

when the assets that the borrower borrowed goes down in price, he can return his loan and receive his locked collateral in such a way he doesn’t lose any money.

By having assets on their platform, users will be able to quickly access and swap deposited assets between cardano native tokens.

Aada.Finance has brought an idea of NFT Bond into the lend/borrow process. Instead of users locking their assets into smart contracts they will be locking them into NFT Bonds.

The user puts a coin into a vending machine which is a smart contract and the outcome is programmed if criteria are met. So instead of providing collateral and getting a loan, the user will get a loan and NFT Bond which is like a “debt note”, the NFT Bond is tradeable, transferable, has a price of itself, and can be used to hedge. This NFT Bond feature outperforms AAVE in any way, it’s more decentralized, more transparent, more transferable and – AADA Lending has a fair launch offering as Cardano (ADA) Blockchain Stake Pool Operator – SPO, any Cardano blockchain supporter can validate Cardano PoS blockchain and receive AADA Tokens.

As the blockchain ecosystem grows in popularity, new use cases that are backed by a strong and scalable blockchain network are required. With its version of loans and other DeFi-centric offerings like staking, Aada is helping to promote the Cardano ecosystem’s proposed reach.

While the Ethereum ecosystem aims to cater to private and enterprise adoption through DApps and smart contracts, Cardano aims to engraft with governments through custom projects in developing countries like Tanzania. The Aada protocol contributes to the latter’s proposed change pursuits by making it easier to obtain loans.

 

St. Lucia Native Publishes Short Story

Fair Helen’s Midnight, a new book by D.L. John, has been released by Dorrance Publishing Co., Inc.

Journey with Fair Helen as she reflects on the elements that created her. Discover her history and the beauty she possesses in spite of scars.

Steal a moment of bliss for yourself. Helen’s Midnight provides an essential retreat in a time of unprecedented uncertainty amidst individual and global challenges.

About the Author
D.L. John became exposed to varying cultures and the ways in which they practiced finding their peace through travel. She developed an appreciation for the importance of retreat, regardless of time and location. She also observed that most are unable to or do not take the time for a breather. So, her next thought was to create something short but in-depth, creative, and engaging that would contribute to the concept of retreat.

As a native of the island of St. Lucia, Fair Helen’s Midnight was influenced by the Helen of the West.

Fair Helen’s Midnight is a 34-page hardback with a retail price of $24.00 and eBook ($19.00). The ISBN is 978-1-6491-3957-3. It was published by Dorrance Publishing Co., Inc of Pittsburgh, Pennsylvania. For members of the press, to request a review copy, visit our virtual pressroom at http://dorrancepressroom.com or to buy the book visit our online bookstore at http://bookstore.dorrancepublishing.com/fair-helens-midnight-ebook/

New Jersey Native Publishes Debut Historical Fiction Novel


Peg: A Work of Fiction, a new book by R. Carolyn Klein, has been released by Dorrance Publishing Co., Inc.

She was a child of the forties, living a sheltered life under the strict control of her overbearing mother. Her young life was shaped by parochial school and then her time at a small convent in the New Jersey countryside.


Peg’s first introduction into the real world as a young nun occurred during a tumultuous, transformative time in U.S. history when the world was being shaped by the Civil Rights Movement, the Women’s Movement, and the Vietnam War, and everything she thought she knew about life and her faith was being called into question.


Peg’s coming of age story is about discovering who we are and who we want to become. It is a tale of overcoming destructive, ineffective life patterns that hold us back from reaching our full potential and living a full, satisfying life.

About the Author


R. Carolyn Klein was born in Morristown, New Jersey, and grew up in New Providence, New Jersey. She spent many of her summers at her family’s cottage in Brick, New Jersey.

Peg: A Work of Fiction is her first novel..

Peg: A Work of Fiction is a 316-page paperback with a retail price of $21.00. It has an ISBN of 978-1-6495-7030-7. It was published by Dorrance Publishing Co., Inc of Pittsburgh, Pennsylvania. For more information, or to request a review copy, please go to our virtual pressroom at www.dorrancepressroom.com or our online bookstore http://bookstore.dorrancepublishing.com/

Pennsylvania Native Publishes Metaphysical Memoir


Who Are You Talking To?, a new book by P.A. Aiken, has been released by Dorrance Publishing Co., Inc.

Who Are You Talking To? is a collection of personal, powerful experiences author P.A. Aiken wishes to share with her daughters. Throughout her life, Aiken has felt connections beyond the physical realm. She has had experiences with seeing apparitions as if they are living, breathing people among us. Her experiences are enlightening and powerful, and we may all learn a little from them.

About the Author


P.A. Aiken is the mother of three beautiful daughters. She has been a paramedic for twelve years and, previously, served eight years in the navy. She loves to travel and spends a lot of her time camping.

All proceeds earned from the sale of this book are going to a charity near and dear to Aiken’s heart.

Who Are You Talking To? is a 122-page paperback with a retail price of $13.00. The ISBN is 978-1-6453-0645-0. It was published by Dorrance Publishing Co., Inc of Pittsburgh, Pennsylvania. For more information, or to request a review copy, please go to our virtual pressroom at www.dorrancepressroom.com or our online bookstore http://bookstore.dorrancepublishing.com.