Blockchain DeFi News

RavenDex Hits The Crypto Space, To Be The BackBone Of DeFi Applications That Are Built On The Cardano Blockchain

RavenDex Hits The Crypto Space, To Be The BackBone Of DeFi Applications That Are Built On The Cardano Blockchain

Since Cardano blockchain was launched in 2017, it has gained massive momentum and popularity among different segments of crypto enthusiasts. Following the Alonzo hard fork upgrade and with the launch of smart contracts, the Cardano ecosystem enables developers to deploy DApps on the Cardano ADA blockchain. No fewer than 140 projects have since been deployed or launched on the blockchain.

In a bid to facilitate smooth and swift transfer on the Cardano blockchain, the team at RavenDex is pleased to announce the introduction of its project to the crypto community. RavenDex aims to support and power DeFi Applications by providing them with a wide range of services, including IDO Launchpad, a DEX, borrowing and lending services.

Read More: Kyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API Platform

FTS_banner

RavenDex is built on the Cardano blockchain to guarantee seamless cross-border transactions with low fees. The team at RavenDex intends to move the Cardano ecosystem to the next level.

Cross Chain Exchange/ Swap Protocol

Being a decentralized automated market maker, RavenDex allows users to trade and swap their native Cardano tokens for profits. It also enables the buying and selling of tokens across different platforms without the activities of middlemen.

Native Assets Lending Protocol

Users can link or connect their wallets, deposit assets, and earn interest in a decentralized manner using the yore nightly extension.

ERC-20 To Cardano Converter

RavenDex is helpful for developers and project owners who want to migrate their native tokens from Ethereum to Cardano blockchain to enjoy low fees.

Read More: LendingClub and PYMNTS Third Report Finds Personal Loans Have Become a Mainstream Financial Tool for Americans

Peer To Pool, Pool To Peer Lending Protocol (P2P)

RavenDex makes crypto loans and lending easily accessible using an innovative pooled lending contract. Users can visit the RavenDex platform to borrow assets to pay back later with interest.

The Minds Of RavenDex

RavenDex parades a team consisting of knowledgeable developers and blockchain experts with vast years of experience in Ethereum & Binance Blockchains. The team members are also men and women of impeccable character who understand how the Fintech space works and how to use blockchain to disrupt the present-day payment systems.

Read More: LMN Pay Launches to Create Better Payment Processing System for Landscapers

[To share your insights with us, please write to sghosh@martechseries.com ]

Related posts

KW Specialty Expands its Relationship with Sapiens, Choosing to Automate and Move its Reinsurance Management to the Cloud

Fintech News Desk

Visa Expands Fast Track Program to Enable Next Generation of Fintechs to Rebuild the Global Economy

Fintech News Desk

MoneyGram Expands Digital Network and Mobile Wallet Capability by Integrating with Global Payment Network, Thunes

Fintech News Desk
1