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The World’s Leading Cardano-Based Lending Protocol – Sponsored Bitcoin News



BSCPad and ADAPad Public Sale On March 14th.

Cryptocurrencies and DeFi are experiencing a period of blistering growth:

  • The total value locked (TVL) of tokens in DeFi protocols rose 357% to $255.39 billion among all blockchains.
  • Over $2.5 trillion in cryptocurrencies was traded in January 2022 alone.
  • Global crypto market cap is now over $2 trillion.

Within the space, crypto lending has become the most dynamic niche. Over $35 billion TVL is in DeFi lending protocols, which is dominated by Ethereum with a 54% share of TVL as of January 2022. The problem is that Ethereum is slow, expensive, and lacks scalability:

  • Ethereum can only manage 10 to 15 transactions per second, which means orders pile up faster that they can be posted and are delayed.
  • Gas costs when demand is high can be exorbitant, reaching over $50 per transaction on average in January 2022.
  • Ethereum’s market share is rapidly eroding after peaking at 97% in January 2021, as developers and crypto investors flock to more flexible and versatile blockchains.

To permanently solve DeFi’s challenges, AdaLend has developed a user-friendly, scalable, and fully decentralised Layer-1 platform for instant loan approval, automated collateral, trustless custody, and augmented lending liquidity. Built on the leading proof-of-stake (POS) Cardano blockchain, AdaLend aims to unleash the next generation of seamless, fast, and secure crypto lending.

The features of AdaLend are both innovative and powerful:

A Unique Architecture – The AdaLend protocol aims to improve the efficiency of capital flows, managing several lending pools via the native $ADAL token. Each pool has several key components: liquidation model, utilization ratio, and borrowing/lending interest rate. The protocol provides tokenization for deposited assets, transferring the ownership of lending positions between users automatically.

Incentivised Liquidity – DeFi lending protocols need to attract Liquidity Providers (LPs) to stake assets in pools to enable lending. AdaLend does this by offering LPs strong incentives and APY to deposit assets and boost lending liquidity.

Flexible Lending Options – All lending in AdaLend is permissionless, trustless, and can be done on any token pairing. The protocol’s governance ensures that the best offers are available and that only the safest oracles are used to determine pricing and rates.

Decentralised & Democratic Governance – All $ADAL token holders can participate actively in the governance of AdaLend, voting on proposals and determining the future evolution of the platform. The AdaLend DAO creates a democratised, open access, and fully transparent financial ecosystem geared to scale globally.

Idle Asset Optimisation – AdaLend minimises the utilization ratio for non-stable coins and maximises token circulation, achieving a double goal – maintaining high liquidity levels for protocol users, and offering attractive lending rates for borrowers. In addition, AdaLend also minimises idle assets on the platform by shifting them to stable swap platforms. This means that users with tokens in cold storage can now use them to support the AdaLend protocol, earning additional rewards in the process.

The capabilities of the Cardano blockchain are the magic fuel that powers AdaLend’s long-term expansion plan.

Why Cardano? AdaLend’s Competitive Edge

Cardano is a versatile, scalable, and cost-effective Blockchain, ideal to build a next generation crypto lending platform. Created by Ethereum Co-Founder Charles Hoskinson in 2017, it is a Proof of Stake (PoS) chain where code updates are rigorously peer-reviewed. Cardano’s advantages are clear:

Efficiency – Cardano is 47,000x more energy-efficient than Bitcoin, leading the space as an environmentally friendly blockchain.

Scaleability – Cardano can process 250 TPS, with estimates that it will be able to reach eventually 1 million TPS.

Cost-Effectiveness – Cardano’s fees are currently about $0.35 per transaction, over 100x times lower than Ethereum.

Growing Traction – Interest and investment in Cardano has been rising consistently, with TVL reaching $133.39 million as of March 2nd, a new all-time high, and the number of wallets holding Cardano’s native currency ADA recently surpassing the three million mark

Until now, Ethereum-based platforms like Aave have dominated the DeFi lending space. This is changing fast, as the DeFi market is looking for faster, cheaper, and more scalable solutions.

AdaLend is this solution, and investors are recognising it. The September 2021 private sale sold out 1.8 Million ADAL tokens, raising $540,000, in less than one hour. AdaLend will be now be conducting a public sale on five launchpads (BSCPad, VelasPad, PulsePad, ADAPad, and ETHPad) on March 14th, to finance its growth plans. These are the most popular launchpads among investors, and allow to buy $ADAL tokens pre-sale at a discounted price. Once the $ADAL token is listed, it will trade in the major crypto exchanges connected to the launchpads, accessing immediate liquidity and visibility. With its unique features, unprecedented capabilities, and embedded scalability, AdaLend is ready to unleash the new era of DeFi lending.


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Why Gold Is Beating Bitcoin In 2022



Bitcoin continues to underperform as a general “risk-off” sentiment has investors driving toward gold as a safe haven asset.

Not Risking It

Concerns about the Russo-Ukrainian war continue. The U.S. inflation struggles at a four-decade high and Fed rate hike fears prevail. The uncertainty extends to the world economy as a recession is expected instead of a recovery. The IMF’s managing director Kristalina Georgieva called it “a crisis on top of a crisis.”

“The war is a supply shock that reduces economic output and raises prices. Indeed, we forecast inflation will accelerate to 5.5 percent in advanced economies and to 9.3 percent in emerging European economies excluding Russia, Turkey, and Ukraine. ” The IMF stated last week.

Reuters recently quoted Commerzbank analyst Daniel Briesemann, who talked in a note about the factors that have “lent buoyancy to gold in recent days,” mentioning the “strong buying interest on the part of ETF (Exchange Traded Fund) investors” and news about the Ukraine war.

“Russia appears to be preparing to launch a major offensive in the east of the country – that is generating considerable demand for gold as a safe haven,” the analyst said.

This summarizes the “risk-off” sentiment at the moment. As expected, equities suffer as investors are selling risky assets and purchasing the ones negatively correlated to the traditional market. Thus, the crypto space is struggling alongside de stocks market and gold is rising.

Bitcoin Outperformed By Gold

Data from Arcane Research’s latest weekly report notes that it has been a gloomy year for the “digital gold.” In the first three weeks of 2022, Bitcoin sank 25% and it is still down by 18% in the year despite its slight recovery.

Similarly, Nasdaq records a 19% decline in the year, having underperformed against bitcoin “by a small margin,” notes the report, adding that “This is surprising given that bitcoin has tended to follow Nasdaq, albeit with higher volatility.”

The general fear over geopolitical and macroeconomic uncertainty has given gold the safe-haven asset spotlight once more. The asset outperformed all the other indexes seen below with a 4% gain.

Physical gold outperforming “digital gold” in 2022 | Source: Arcane Research

Meanwhile, the currency market is performing with “the same risk-off patterns.” The Dollar has been proving its “risk-off” dominance as the US Dollar Index (DXY) is up 7%. The Chinese yuan has taken a hit over concerns about the country’s “zero-covid” policy –which creates issues for the global supply chain– and the slowing down Chinese economy. In contrast, investors have been running to the US Dollar for safety.

Bitcoin supporters usually refer to the coin as “digital gold” alleging it is a safe haven asset, and this narrative had held well while BTC had been “uncorrelated with most other major asset classes,” but the tide is shifting with the 2022 scenario as investors are rather placing the coin “into the risk-on basket”.

A previous Arcane Research report indicated that bitcoin’s 30 -day correlation with the Nasdaq is revisiting July 2020 highs while its correlation with gold has reached all-time lows.

A pseudonym traded noted that “As Bitcoin adoption goes on and more institutional investors enter the market, the correlation of BTC and stocks becomes more and more tight. That is a paradigm that the crypto world struggled to come to terms with in the past but is now more real than ever. A healthy stock market is good for Bitcoin.”

Meanwhile, the general sentiment of traders seems to be bearish, with many saying that the coin could visit the $30k level soon.

Bitcoin trading at $39k in the daily chart | BTCUSD on

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Attendees talk the future of NFTs



The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference.

Like most conferences, panels fill up the agenda and on Wednesday the topics at Crypto Bahamas ranged from NFTs to crypto in sports and to asset allocation in Web3. During one particular conversation, titled Evolution of NFTs: Culture, Utility and Regulation, panelists had some insightful musings on the NFT market.

To put the Crypto Bahamas conference into context, Sam Bankman-Fried’s cryptocurrency exchange FTX moved its headquarters from Hong Kong to the Bahamas in Sept. 2021. It recently inked a multi-year partnership with Anthony Scaramucci’s investment firm SkyBridge Capital, and its events arm SkyBridge Alternatives, or SALT. They jointly presented the conference.

That’s why the NFT panel consisted of multiple perspectives from Tristan Yver, head of strategy at FTX U.S., Joseph Doll, attorney at Fenwick law firm, Roham Gharegozlou, the chief executive officer at Dapper Labs, and Sarah Hammer, the managing director of The Stevens Center for Innovation in Finance at The Wharton School. Zack Guzman, writer for the Meta-owned newsletter platform Bulletin, moderated.

Gharegozlou pointed out how new the NFT market truly is when “most people have only been thinking about it for a year and a half,” making valuations “very immature.” As the CEO of Dapper Labs, the company behind NBA Top Shot,  Gharegozlou recognized that “utility, rewards and the how you value and NFT is primarily based on the strength of that of the community.”

He added that a good way for an NFT collection to build a strong community is to have multiple tiers of scarcity. In the case of NBA Top Shot, at the higher price end there is extreme scarcity, but there are also millions of “common” moments so that people can “get their first NFT and see how it feels without breaking the bank.” 

Tristan Yver echoed that the current valuation and pricing model for NFTs is based on a collective perception on value based on the amount of people willing to buy an asset for a certain amount. He anticipated a “movement away from this consensus view to a more unique singular view where people buy things that resonate with them rather than what resonates with a larger community.”

Joseph Doll chimed in to say that “communities need to be thoughtful about democratizing access.” There are some “massive” barriers to entry to certain projects, he said, including not being early enough or not having enough capital at the time. He questioned, “That’s not what crypto is about, right? It’s kind of about the exact opposite of that.” Democratization, he suggested, can come in the form of derivative projects at better price points.

Another important point brought up by Yver was the reality of scams, especially on Discord and Twitter. He said that “we need to move past security aspects to be able to really bring in the next large mass of users.” He recommended talking among family and friends or asking a Discord moderator to make sure “you click the right link when minting that NFT” because “wallet security sucks right now.”

Gharegozlou even said that Elon Musk, the new owner of Twitter, should use Web3 to fix Twitter’s fraud problem, just as Discord should use Web3 authentication and verification as well. “Once NFT’s are the sort of identity bridge across all these different social networks, identity and assets, authenticity, provenance,” then the system can be more resilient he added.

When asked what “main alpha” the audience should bear in mind, Doll said to engage with and be part of these NFT communities even if it’s “scary,” because getting scammed is a “part of the journey.”

Sarah Hammer, who leads the Cypher Accelerator at Wharton business school, said that the school is launching an incubator specifically for NFT projects in partnership with Dapper Labs because the “NFT model is a business model for the future.” She emphasized that the greatest way to grow and innovate in the space is to increase education efforts in order to get more people learning and working together.

Related: Goldman Sachs reportedly eyes FTX alliance with regulatory and public listing assistance

Recently the Bahamian government allowed residents to use digital assets, including the world’s first central bank digital currency, or CBDC, to pay for taxes in 2022.