Cardano To Have A Strong Impact On The DeFi Ecosystem | CryptoGazette

Cardano continues to make headlines these days for all the achievements that the project is making. Now, the team behind the project is addressing the impact that Cardano will have on the DeFi movement.

Check out the announcement that has been posted on Twitter:

#Cardano could soon begin to have a profound impact on today’s DeFi landscape. Read our latest blog post to learn how.https://t.co/t6QL5fa5IW pic.twitter.com/Guqm01RgrJ

— Cardano Foundation (@CardanoStiftung) January 27, 2021

In the original blog post, Cardano explains that drawbacks of DeFi and the ways in which Cardano can help.

“DeFi has had a baptism of fire. Spiraling fees, smart contract exploits, and tales of significant user losses have necessitated a focus on improved DeFi infrastructure and processes—ones based around transparency, true decentralization, and high assurance,” the notes read.

They continue and reveal that “With a significant milestone just around the corner for Cardano through the Mary hardfork 98, it’s a good time to examine the features that could make Cardano a highly attractive blockchain for building DeFi applications. Here, we’re going to explore how Cardano could soon begin to have a profound impact on today’s DeFi landscape.”

We suggest that you check out the complete blog post in order to learn all the available details about Cardano and how it can transform the DeFi ecosystem.

Cardano in the news

Not too long ago, IOHK dropped a new announcement on their social media accounts about opening the proposal refinement stage for Project Catalyst Fund3.

Check out the post that the team behind the project dropped below.

This week we are opening the proposal refinement stage for #ProjectCatalyst Fund3 for adjusting & adapting your proposal based on community feedback. We invite the #Cardano community to log in & provide constructive comments & improvement suggestions https://t.co/vcuJJVw4Rw pic.twitter.com/VQKmWbruaF

— Input Output (@InputOutputHK) January 21, 2021

Regarding the price of ADA today, at the moment of writing this article, the coin is priced at $0.3314.