DeFi’s Hub Ardana and Cardano’s Stablecoin Partners with NEAR Protocol

Key facts:
  • NEAR is a high-performance blockchain designed to be super fast, secure, and scalable.

  • Ardana offers an on-chain asset-backed stablecoin and a decentralized DEX.

Ardana, Cardano’s DeFi and Stablecoins operating center, today announced its latest strategic partnership with NEAR. NEAR is a decentralized application platform (dApp) focused on both the developer and user experience. Through this partnership with NEAR, which includes a grant, Ardana will build the necessary bridge infrastructure for the transfer of assets between Cardano and NEAR.

By connecting Cardano and NEAR and supporting cross-project integrations in both ecosystems, Ardana will enable token transfers between the NEAR and Cardano blockchains, and will later enable cross-chain smart contract functionality. NEAR coin will also eventually be available as an asset on Cardano, and can be used as collateral on Ardana to mint stablecoins.

“NEAR’s vision always envisioned a multi-chain world, where each blockchain could talk and exchange data with others seamlessly. Ardana helps in creating a multi-chain world, and integrations like this help achieve that goal. “

Erik Trautman, CEO of the NEAR Foundation.

“Ardana is on a mission to provide the crypto community with seamless integration between different projects and ecosystems. With that in mind, we are delighted to announce a partnership with NEAR that will bring Ardana closer to this goal. The collaboration will help both organizations explore new avenues of growth in the emerging ecosystem of blockchain technology and will prove to be a future milestone for blockchain scalability. ‘

Ryan Matovu, CEO and founder of Ardana.

Ardana is delighted to partner with NEAR and create the link between two vibrant ecosystems.

There will be more updates on our progress as the partnership progresses.

About NEAR

NEAR is a high-performance blockchain designed to be super fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that acts as a gateway for billions of people to access the next generation of the Web.

NEAR is built by an award-winning team of engineers and entrepreneurs to be easy to use, inclusive, and good for the environment. NEAR is backed by major VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.

Join the NEAR community:

About Ardana

Ardana is the operational center of the Cardano stablecoin that will bring the DeFi primitives necessary to start and sustain any economy in Cardano. Ardana offers an on-chain asset-backed stablecoin and decentralized asset-stable DEX. The stablecoin is verifiably backed by over-collateral on the chain and will allow borrowers to leverage its ADA or other backed assets. The DEX is a highly efficient equity exchange that allows trades with minimal slippage and fees while providing low-risk return opportunities to liquidity providers.

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DeFi’s Hub Ardana and Cardano’s Stablecoin Partners with NEAR Protocol

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