Adalend’s CEO — ADALend is the AAVE of Cardano

Welcome to the third installment of our interview series with the ADALend CEO Kaspars Koskins. Recent events in the Adalend ecosystem reached all the Cardano community fans. With a successful IDO, listing on the biggest Dexes on the planet, and a nearly 300% initial token price surge, these signals united the communities’ strong backing and belief in the need and importance of the Cardano native market.
Currently the ADAL token is one of the few Cardano native tokens which can be freely traded on multiple decentralized exchanges including the previously mentioned PancakeSwap on BNB chain, Uniswap on Ethereum mainnet, Astroswap on Velas chain, and Sundae on Cardano.

We were overwhelmed with positive feedback after the first two interviews with Kaspars, so without further adieu, let’s commence with the third.

Interviewer: Tell us about the entire team, how ADALend was formed, and the combined experience in the past in relation to blockchain and crypto?

Kaspars (CEO): Great to be here and I am excited to share with the community more about what we are building at ADALend and how they can get involved.

Our team has a wealth of experience from Traditional Finance (Mortgages, Credit Unions and Retail Lending), Software Development and Computer Science Research and highly skilled Haskell and Plutus developers (the essential programming languages of the Cardano Blockchain). We all met during the DeFi summer of 2020 and decided we wanted to build the flagship DeFi Protocol of the Cardano Blockchain.

Interviewer: Now tell us more in depth about ADALend, what exactly is it and can you give me some examples on what functionality it can provide me as a user?

Kaspars: The simplest way to think about ADALend is as the AAVE of Cardano, that is a scalable, trustless, and decentralized lending protocol that harbors users within a self-governed environment. From day one, the team committed to building natively on the Cardano blockchain, which will enable the lending platform to aggregate protocols that support business models that give economic support to billions of users.

ADALend will bring back the balance of power between lenders and borrowers. By allowing the use of digital assets as collateral, the use of the platform will be diversified to the benefit of the user.

Interviewer: What is your personal favorite feature or something you are most excited about ADALend?

Kaspars: What I am most excited about with ADALend comes from my personal work experience before crypto — I was working in the traditional retail lending space and with credit unions savings. I have seen firsthand how people were unable to get a decent interest rate at the banks and were genuinely worried about their future as prices and the cost of living was rising far faster than salaries. The banks’ hands are tied as the interest rates are set by the Federal Reserve in the US and the European Central Bank in the EU. I began exploring Decentralised Finance (DeFi) as a way to earn a yield on my own family’s savings which led me down the rabbit hole and brings us here today.

Interviewer: Can you give the community an idea of some of the future planned features and functionalities ADALend will bring to Cardano?

Kaspars: As mentioned earlier — we saw how Uniswap, Sushiswap, Aave and many others were providing tremendous value to the Ethereum community. Our Mission is to bring the best of DeFi to the Cardano community. We will provide ultra high yields to true DeFi degens. In parallel, we are working on a CeFI platform to compete with BlockFi, Nexo and Celcius that will provide a low risk, high interest rate savings account for more mature customers. We also plan to provide crypto collateralized consumer loans and mortgages, regulated in the EU and UK soon so watch this space!

Interviewer: With Cardano growing and evolving, where do you see ADALend in the scope of the ecosystem as a whole?

Kaspars: In our view Cardano is democratizing DeFI and making it available to the Masses. ADALend is at the vanguard of this transition. Ethereum is no longer usable by the majority of people on earth due to the high transaction costs. The gas fees on Ethereum have reached hundreds of dollars per transaction over the past year. This would be unacceptable to ordinary people in the western world today but for the millions of unbanked people in the developing countries of Africa and Asia this renders ETH useless as they need to lend and narrow far smaller amounts. Ethereum has therefore become a layer 2 blockchain for the rich and the newcomers you mention like Solana have problems with centralization and reliability. Cardano is the only truly decentralized blockchain with the required security, speed and low transaction fees required to provide a truly democratic financial solution that can be used by every human on planet earth — and our vision aligns perfectly with the Cardano Charles Hoskins who is passionate about improving financial outcomes for people all over the world, regardless of race, nationality, gender or financial status.

Interviewer: Do you have any future marketing plans? Tell us about those and how you plan to drive adoption for your platform

Kaspars: Absolutely, we will be pouring a significant portion of the funds raised in the IDO into mainstream marketing as well as in our discussions with regulators. We want ADALend to be a household name and popular not only with expert DeFi users but also ordinary crypto investors, borrowers and savers worldwide. This will involve paid PR and premium channels as well as all the traditional crypto marketing via KOLs, Youtubers and social platforms.







Scalable and decentralized lending protocol governed by DAO

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Scalable and decentralized lending protocol governed by DAO

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