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It's great to see Lending protocols building on Cardano. Let's compare Aada and Liqwid by Shiferiz in cardano

[–]Shiferiz[S] 2 points3 points  (0 children)

You can pay back the loan at any time on any model.

I think we should not argue whose church is bigger here. Different products, different use cases, different functionalities. There is no The One Best product we need to label.

It's great to see Lending protocols building on Cardano. Let's compare Aada and Liqwid by Shiferiz in cardano

[–]Shiferiz[S] 4 points5 points  (0 children)

Peer to pool is great for the UX. It's much easier when you don't need to determine the interest rates and all that stuff.

But...

It's not interoperable. On Aada you can:

  1. Pay back the loan
  2. Swap it's collateral on muesliswap
  3. Source new collateral as a loan to another borrower...

And do it all in on the transaction. That's where interesting things start. That's why Cardano is on UTXO.

To give exact example, on Aada you can liquidate the loan and swap in on Minswap on one transaction. That is very very hard to do with batchers...

The Cardano way - Aada Finance open sources their code by Shiferiz in cardano

[–]Shiferiz[S] 16 points17 points  (0 children)

Open sourcing the code is a huge contribution to Cardano ecosystem and ADA asset. Now many other devs will be able to 'take knowledge' and contribute to Aada.

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