Place/Date: UAE, Dubai - October 20th, 2021 at 1:35 pm UTC · 3 min read
Contact: Nader Poordeljoo, Source: ADAyield Finance
Adayield is a lending platform where users can hold their assets and receive interest or borrow tokens and repay it after a while. Like other currency market protocols, Adayield is built on cardano network, open-source, and non-custodial Defi protocol. Two principal roles are supplier and borrower.
Adayield in full operations will provide borrowers with better interest than competitors, a new mechanism for determining interest rates is considered, choosing each market’s borrowing interest rate. Based on this mechanism, the borrower will repay the system at a more stable rate than other platforms. The interest received from the borrowers is distributed among the suppliers according to the amount they have provided.
The Adayield team provides some practical and more user-friendly features to make borrowers and lenders satisfied with their goals. Furthermore, Adayield has some competitive variables that we can assure you haven’t seen in other DeFi platforms before.
Protocol Governance: The $AYID token can be used to govern various components of Adayield platform, including the futures protocol, exchange parameters, and protocol upgrades via a DAO structure. Governance decides to burning, liquidity mining, or other usages by voting on the proposals submitted.
Investors who did not take part $AYID Token seed sale, can now participate in $AYID Token Private Sale and become an early adopter of $AYID Token at a discounted price.
Here’s the link to private sale.