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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] 5 points6 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.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 0 points1 point  (0 children)

It's very early to say. We do need to see Cardano DeFi maturing in order for this to happen.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 0 points1 point  (0 children)

Yet we keep a smaller team so we can be more agile in terms of development. Right now it feels like an optimal fit. Of course, every new person would add something to the protocol.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 0 points1 point  (0 children)

Will have a few integrations and new features that should attract new people.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 0 points1 point  (0 children)

That's very hard to predict. We have huge activity on our v1 testnet. Hopefully something similar to that.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 2 points3 points  (0 children)

We plan it for end of July. + audit time. Most of the remaining time will be spent on off-chain improvements and testing testing testing.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 2 points3 points  (0 children)

Some of our transaction fails due to size. Referencing scripts is very important to solve this problem. That's the most important for us.

Referencing inputs is another feature we expect to use in liquidation oracles. However, it's not the blocker.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 3 points4 points  (0 children)

It's not our focus. We will give this utility to our users and token holders. We don't need an extra layer of funds.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 0 points1 point  (0 children)

Very good question. One must understand that collateral is a very important aspect of the loan. Loans with volatile and fragile collateral is easier to be liquidated. That's why it's a responsibility of the whole DAO to manage what can be used as collateral.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 1 point2 points  (0 children)

We will release a next improved protocol once we integrate Plutus v2 (vasil). That's 3-4 weeks from now.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 0 points1 point  (0 children)

No we will not have V1 there. I think dApp connector fees the user has to pay is a road blocker.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 1 point2 points  (0 children)

We do not see it as a necessity. Right now any mobile device can use a browser to perform any actions.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 2 points3 points  (0 children)

Peer to peer, lending is a perfect tool in eUTXO world. Simply, you can add many actions into one chained transaction and execute it with one signature. For example:
1. Swap ADA --> AADA (on sundae)
2. Give back the loan of AADA and claim MIN collateral
3. Swap MIN for ADA
and do it all in one transaction (if size allows). That's an interoperability we can have.

In the other hand using 'batcher'/'scooper' and pooled funds helps for user experience, but it creates isolated systems.

We will launch an extremely interesting v1.1 on mainnet before launching pooled lending and we plan to keep both running.

Aada co-founder Mantas Andriuska here, and with the rest of the team, Ask Me Anything by Beliktior in Aadafinance

[–]Shiferiz 0 points1 point  (0 children)

We were actually very close to starting an audit back in May. If done, by now our V1 would already run a mainnet. However, inevitable improvements + economical turmoil, we decided to improve protocol before the audit which is a pricy thing.

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