COTI(COTI) New partnership with AADA Finance

Partner's Name

AADA Finance

Counterparty Website

https://aada.finance/

Counterparty Details

AADA Finance is a crypto assets lending platform built on the Cardano blockchain. The platform uses a pooled lending protocol to make assets more readily available and to provide a seamless lending and borrowing process.

Does this partnership generate any kind of revenue?

NO

Applicable Date(s)

2022-02-20

Partnership Details

On February 21st, 2022, COTI announced a strategic partnership with Aada Finance, a crypto assets lending platform built on the Cardano blockchain. Their smart contract allows users to deposit assets and collect interest or borrow assets and perform financial actions. The integration comes as part of our plan to create strategic alliances with other Cardano projects.

Djed, an algorithmic stablecoin built on Cardano and issued by COTI, will be released later this year. As our technical team continues to meet product milestones, we will be exploring innovative ways to ensure Djed’s full integration and utilization across the crypto ecosystem once launched.

Undoubtedly, the partnership between Aada Finance and Djed is part of our long-term plan to work with other Cardano projects. Thanks to this move, the two native assets will increase their adoption.

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