September 14, 2022<\/p>\n\n\n\n
By Sharan Kaur Phillora<\/p>\n\n\n\n
Ada Finance, the first NFT lending and borrowing platform on Cardano, has launched a bug bounty contest. The competition comes in preparation for the launch of its mainnet coming September 13. According to a post on its Twitter page, Ada Finance will donate $250,000 to the bounty program.<\/p>\n\n\n\n
Here’s what we know:<\/strong><\/p>\n\n\n\n After months of public testnet usage, Crypto asset lending platform Aada Finance is now ready to launch Aada V1, enabling users to lend and borrow assets to each other using a special non-fungible token (NFT) bond technology.<\/p>\n\n\n\n Aada Finance intends to launch ahead of the Vasil upgrade expected to take place on September 22. In a recent tweet, Cardano founder Charles Hoskinson talked about the upcoming Vasil launch that will enable new dApps to launch.<\/p>\n\n\n\n \u201cThat is an instance of the facility of Vasil that is coming this month. The brand new options dramatically enhance many alternative dApps and allow new dApps like Djed to be deployed on Cardano. That is only the start. EUTXO and Plutus are the presents that carry on giving,\u201d he wrote.<\/p>\n\n\n\n Recent updates from IOG, Binance, MEXC, Bitrue, AAX, WhiteBIT, and BKEX, which make up 50% of the top 12 exchanges by liquidity, have signaled Vasil ready. Updates to the nodes are being made by Coinbase and the other three top-12 exchanges.<\/p>\n\n\n\n While other exchanges are currently updating their nodes, ten additional exchanges have confirmed that they are ready for Vasil. While others are still \u201cin testing,\u201d nearly 50% of the top Cardano dApps hold the \u201ctested\u201d designation in preproduction.<\/p>\n\n\n\n About the author<\/strong><\/strong><\/p>\n\n\n\n Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":" September 14, 2022 By Sharan Kaur Phillora Ada Finance, the first NFT lending and borrowing platform on Cardano, has launched a bug bounty contest. 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