We are pleased to announce our next AMA on October 15th 2021 at 05:00 PM UTC Time: Satoshi Club x ADALend
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ADALend Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ADALend Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about ADALend
For more details:
ADALend Website – adalend.finance
ADALend Telegram – @ADALend
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
On your White Paper ( ADALend to the Rescue)- You did said ADALend devotes it’s best to building a trustworthy decentralized lending practice governed by the Cardano system. Within this Cardano system, ADALend will influence the flexibility of digital finance markets. Now could you please explain to us in clear how exactly ADALend intends to influence the flexibility of the digital finance market in that we are meant to understand it is a Decentralized blockchain? Please explain to us?
On Optimum Security – You did said on your White Paper that with the constantly heightening rates of cryptocurrency- related crimes, ensuring adequate security of users and assets remains a priority. We understand security measures are top secrets however, could you please mention to us enthusiasts a few of any of those security measures you have adopted or have in place to stern down any of those heightening rates of cryptocurrency-related crimes as you mentioned in your ecosystem blockchain? Thanks
On Your Ecosystem Foundation Layer- You did said ADALend project has the ability to attract assets and build incentives that can empower an ecosystem of financial products. Please tell us enthusiasts how exactly ADALend could attract assets and build incentives that can empower an ecosystem of financial products? Thanks
You said that On-Demand Lending, ADALend decentralized application basis provides an immediate reply to loan requests which depends exclusively on the borrower’s eligibility to request a loan, that it involves how much the borrower understands guiding rules. Again, First-time borrowers may experience difficulties in analyzing the actual value of requested tokens.
What are the requirements for a borrower to be eligible to request a loan? What are the rules guiding the loan? What if a borrower doesn’t understand the rule can ADAlend moderators help to explain? Are you planning to work on this situation to make it easier for the First time borrowers to be able to analyze the actual value of each requested token? or it will remain like this. What are your aim?
From your medium, I read that ADALend protocol will power foundational the new wave of flexible financial markets by providing a layer like, loan approval, automated collateral, trust-less custody, and liquidity. So when will this this take place? What will be the benefits for users and borrowers when you provide this layers? How will this work? can any borrower assess even at the First time?
Once a borrower puts up a loan request on ADALend, how long will it take for the loan amount to be granted? What is the interest for the lowest amount that will be paid back with the loan amount? Tell us about the interest is it equal for any amount big or small?
Recently, Cardano has partnered with Veritree to create an environmental initiative emphasizing Cardanos’ role in curbing climate change.
Cardano and Veritrees’ partnership and incepted “The First Global Cardano Impact Challenge”; the challenge aims to invite the global community to participate in this initiative by donating to Veritree.
Veritree = More Trees
Veritree is an organization that empowers reforestation by using blockchain technology to provide planting organizations with an integrated planting management platform. The company actively contributes to restoring the climate, and Cardano is now a part of that noble initiative. How will Adalend play a role in this partnership? Together, Cardano and Veritree plan to use the donations to plant the world’s first #CardanoForest. How can I donate fund to this planned project?
“Liquidity is predicated on having enough assets in each pool in order to facilitate lending. ADALend addresses this requirement by incentivising users to deposit assets and provide liquidity.” This means that users have to be encouraged to deposit assets and provide liquidity in order to facilitate lending. Can you list some of the incentives that users who deposit their assets will enjoy?
“The ADA Lend protocol will power the new wave of flexible financial markets by serving as a foundational layer for instant loan approval, automated collateral, trustless custody and liquidity.” Can you explain how the “automated collateral” works? Do users need to hold, stake or deposit any asset(to serve as collateral) to be eligible for the instant loan approval?
Can you also explain what “trustless custody” means and how it works?
“ADALend is a scalable and decentralized lending protocol governed by DAO.” I know what it means for a project to be decentralized and governed by DAO. However, the term “scalable” seems new to me and maybe others. Can you explain what it means for ADALend to be scalable? What are the benefits that you look forward to derive from the scalability of ADALend?
ADALend is said to devote it’s best to building a trustworthy decentralized lending practice governed by the Cardano system.And ADALend will influence the flexibility of digital finance market by providing a basis for immediate access to loans and colleteral, resulting in sustained liquidity of the blockchain assets of the lender.How can one be eligible to get this loan?Suppose a user gets a loan,what is the time frame for pay back like?And suppose the loan wasn’t paid on the expected date,what then happens?And how does the flexibility of digital finance market provide immediate access to loans and colleteral? Thanks
The Ethereum network uses a proof-of-work(poW) blockchain which frankly is inefficient compared to the Cardano blockchain,a proof-of-stake(poS) system.The Cardano blockchain allows the processing of much higher number of transaction in comparison to Ethereum.Moreover,the Cardano blockchain is much faster.Since the Cardano blockchain is more faster and effective,do you in the have any plans to integrate other Blockchain like Solana,BSC?How about having Cross-Chain Interoperability in the future? And which LP tokens are users allowed to use in your platform? Thanks
ADALend Protocol provides a variable interest rate for all the lending users as well as two(2) kind of interest rates (stable and variable rates) for borrowers… So what are the different varieties of these interest rates and what is the requirements for lenders who will participate in each of the variable interest rates? Also can you briefly explain the stable and variable rates for borrowers?
The flash loan operation in your ecosystem allow lenders to borrow a high amount of tokens without collateral. How is the flash loan implemented in your ecosystem? Who is eligible for this flash loan? What is the high amount of token that can be borrowed? How do you ensure compliance for full repayment with interest is made without a collateral?
The security of ADALend project is said to be enhanced by protocol architecture, code quality, health monitors, and active liquidation bots and insurance… Can you explain the roles/functions of the health monitors, active liquidation bots and insurance as well as how they are implemented to ensure the security of the project? What will your insurance scheme cover and has any user benefited from it?
Any financial institution will always guarantee the return of any credit provided by making a credit check verification or asking to confirm the ownership of some capital assets. How does the process is built at Adalend? What are the criteria of credit check verification for the requestor to pass? Thank you!
ADA Lend promotes an entire ecosystem of community governance where token holders can make a consensus with their votes on governance proposals, but have you established the rules of this governance system? Is there any incentive for holders to promote the growth of the project with their ideas? Can you tell us about the composition of the DAO system?
Following the data of your roadmap, you are looking to launch the ADALend prototype Beta in the next 2022. Can you tell us what kind of investors will be included in the testing and development of this beta phase? Will there be some kind of whitelist to participate? And what will be the most attractive functions that will be included in this Beta phase?
In the frequently asked questions section of your platform you say that AdaLend is looking to scale and provide various assets including LP tokens to facilitate profits with yield for users, but you do not specify what those assets would be in the short term, can you tell us more specifically about Which ones will be included in the initial phases of the project and which token will be the one that will take the reins of your ecosystem?
When choosing Cardano as a blockchain to build your project, I see that you are looking for a great receptivity in your platform but are you really prepared for a massive growth within your ecosystem? How are you going to protect the assets of all users who decide to enter? And how will you optimize the platform so that the entry of investors is massive?
The need for cryptocurrency projects to go greener and be more energy efficient by using low amount of power is on the high increase.In one of your article it is stated that ADALend is contributing to a greener earth so My question is,How does ADALend plan to promote a greener earth? Do you have any partnership in place to create an environmental initiative in curbing climate change? Do you also have any foundation for instant loan approval to assist organizations promoting greener environment? Thanks
In many lending and borrowing crypto projects, borrowers avail loans in dollars or crypto by keeping digital assets as collaterals as in a conventional bank. After collateralizing cryptocurrencies, you remain the owner of that collateral but you cannot use it for trading or making transactions. Some of the leading players in the DeFi financing are Compound, MakerDAO, AAVE, Justlend. My question is what key strength and benefits do you have over these projects? How do you plan to curb Technology risks like code errors which can make your project vulnerable to hacking? How do you plan to create a bridge between traditional financing and DEFI? Thanks
You have expected a massive user growth in the Q3-Q4 of the next year. Could you please explain about your targets regarding the user base? Although you have included the “massive user growth” as a milestone in your roadmap, the team cannot increase the number of users. They have to improve the quality and utility of the project, and conduct marketing activities. As a result, more users will join with the project. What type of developments you introduce to achieve a massive user growth? Further, you have planned for the full launch of ADALend protocol in the same two quarters. Is it your ultimate milestone? Don’t you have any long term plans or targets for the next 3-4 years?
According to your feature “Community Governance”, token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote. My question is, who are considered “token holders”? Is there a minimum amount of tokens to hold to be considered a holder? If I hold your tokens for some time and sell them, am I still considered an ADALend holder? Further, what is the process of introducing new proposals by token holders? Is there a platform for the interactions of token holders? Further, different proposals may be presented by them. In that type of situations, do you give priority according to the token amount/value that each user hold.
You manage several lending pools and each pool has several key components including liquidation model, utilization ratio, borrowing, and lending interest rate. When choosing a pool, are there any aspects to consider in addition to aforementioned common concerns? When comparing to pools offered by similar platforms, how do ADALend pools differ in terms of benefits and security? Could you please explain which is the best pool in the current situation?
Suppose any crypto asset’s value drops to a certain point when a significant amount of borrower’s LTVs (loan-to-value) is too high for the lending platform to maintain.To prevent the issue of illiquidity during a market crash or downfall,will you issue forced liquidation or margin calls?Or will you instruct the borrower to increase the value of their collateral at stake, or they may have to face liquidation?If your platform issue margin calls and the borrower didn’t meet up to it,what then happens to the borrower’s LTV? Thanks
Congratulations! For the Selling out 4% of $ADALend tokens of total supply in seed round less than an hour. Could you share with us benevolent information regarding the seed round? Who were the backers & investors participated in the Seed round? A private round & launchpad IDO will be take place soon within ADALend project as I guess. Please provide a well description about the private sale & IDO So that retail investors like me can prepare to the whitelisting process?
The first half of the 2022 have been scheduled to research & beta versions. Since the ADALend intends to be a mass lending project over the AAVE project, the Prototype beta version should be accurate & secure in a way of providing a higher user experience. What will you do for a progressive beta launch than the other lending projects? How will you discover & eliminate the bugs in your beta version in future, Will you hand it over to a reputable audit firm or Do you have a skilled development team? Will there be incentive events along with the beta launch?
I would like to know more about the core development team of ADALend project. Because knowing your team members, it helps to eliminate FUD in my mind So that I can invest. So please tell me what is the background of the ADALend team members? How about the commitment & dedication of you & your team to make this project like AAVE project? What are the milestones that you have achieved so far with the support of your team? How much do you allocate from funfraising for your team members on behalf of their dedication towards the ADALend project?
I read that your IDO and listing will take place in December/January. However, I read nothing about an audit. So, will you have an audit before those events? How can investors trust your team and project without info like this? What are your plans for the next few months before the year ends?
From your official documents, it is stated that ADALend will be utilising multiple price Oracles for it’s lending Protocol, with Chainlink and Ergo considered as the most preferred. Can you give us a breakdown of some of your external and internal Oracles which are integrated into your price protocols, what would be their specific functions? Will ADALend consider the use and combination of several third party Oracles? How will it ensure that the data price feeds gotten from these Oracles are safe and secure? Also, why has ADALend opted to start specifically with Chainlink and Argo?
I see that before the end of the year AdaLend will have a Marketing and Brand Awareness and
Massive Global Marketing Campaign. But as far as I know that Ada is already established in the market,why do you need to have more marketing campaign? In this regard,what kind of marketing strategy you will deploy to introduce AdaLend to the market? As you introduce AdaLend,does your platform offers some promotion about lending to attract more users in AdaLend? For your global marketing campaign,can you tell us which market will you focus first? As part of marketing and Brand Awareness,do you plan to partner with some influencer or advertisers to reach more people to know more about AdaLend? Thank you
Since ADALend will strive to offer a stable and decentralized lending Protocol that is fully governed by a DAO, could you carefully let us know the governing structure of the ADALend DAO? How will the duties of your DAO transcend across all your members? Also can your carefully elaborate on some of the privileges, incentives and requirements available to members of your DAO, and how will current and future partnerships and collaborations affect some of your projects decision making capabilities and governance rights?
What have been the mechanisms and ways that they have used to achieve scalability and interoperability, have they managed to sell the seed round in 1 hour, which follows what their next action will be, do you consider that Cardano is really an example of the financial model of the future, which Is your long-term vision of Cardano as a bridge between DEX and CEX?
It is really a good decision to invest in ADALeand, what are its performance levels, is this project completely decentralized, how can you guarantee that your governance model is DAO 100%, how do your liquidity mining programs work, what is REVV?
You aim to be one of the pioneers in Cardano ecosystem due to it’s use cases & potentiality. But before the mainnet launching of Cardano, Cardano’s Smart contracts faced a Major scalability issue with Minswap Dex. So Will this matter lead to mitigate the growth of ADALend platform? What kind of enhancement functionalities Will Cardano Blockchain system provide to the ADALend ecosystem rather than other blockchain networks by neglecting the rumours as I mentioned above?
I heard that ADALend platform will be governed by DAO. Can you tell us how you will implement the DAO mechanism in to the ADALend ecosystem? Most of DAO systems are involved with voting method which is create as their desire. I mean that in some voting system, a vote of a user can’t be manipulated on other user’s votes. What about your DAO mechanism in this matter? Will yiu integrate a conventional voting system for ADALend Community? Tell us more details about the ADALend DAO?
ADALend protocol who aim at powering foundational ,the new wave of flexible financial markets by providing a layer for instant loan approval, automated collateral, trustless custody, and liquidity,Boldly prioritize STAKING in their TOKEN METRIC ( 30% = 13.5 million of the Total supply 45 million ),seeing that ,STAKING means ” Putting at risk or Betting on.Can you please tell us the reason why you prioritize staking..? Don’t you think staking can influence the Utilization ratio,especially if a greater population of your investors have STAKING PHOBIA…?? What what you say if I suggest you prioritize Development..??
I couldn’t see any kind of partnerships in ADALend ecosystem. Why is that? Partnerships are very essential in every stage since they add transparency & reliability to the ecosystem. When will you collaborate with world class platforms in order to bring a sustainable growth to the ADALend platform? Please share with us about your upcoming partnerships & collaborations?
When the utilization ratio is lower than the optimal ratio, the interest rate grows gently, but it proliferates when it is more than the optimal ratio . Define optimal ratio since Utilization ratio = total borrowed amounts / total deposited amount ..???. Are Utilization ratio and optimal ratio the only key determinant of the ups and downs of the interest growth..???
The flash loan operation is to borrow a high amount of tokens without collateral based on the guarantee that the full repayment with interest will be made on a single transaction. What happens when full repayment with interest is not made on a single transaction..???. Why leveraging on a single transaction other than multiple successful transactions..??
Greetings ADALend, who plans to promote the ADA Lend protocol, how will it work? How to get instant loan approval and automated guarantees? What are the advantages of using Cardano in your project? What advantages does cardano offer, is cardano superior to others and why? can you give us more details
“Permissionless Lending on Any Pairing” … can you describe more about this key features? also give an example to easy understanding about this…. thankyou
Hola ADALend mi pregunta es la siguiente: como logramos en ADALend para facilitar lo prestamos? cual es la cantidad necesaria de activos que debemos tener en cada grupo para lograr el beneficio de facilitar los prestamos como funciona puede explicarnos esta funcion?
Hello ADALend, my question is the following: how do we achieve in ADALend to facilitate loans? What is the necessary amount of assets that we must have in each group to achieve the benefit of facilitating loans, how does it work, can you explain this function to us?
Fin the interest strategy for Borrowers, the protocol will provide two kinds of interest rates – stable and variable rates. Usually, the stable rate is bigger than variable rates, but it is unaffected by the changes in the interest rate. can you describe why the strategy make an interest strategy like this model? will not be difficult for calculation made by borrowers it self to choose if theres an option like that?