The contract for the development of the decentralised lending protocol is signed by ADALend and Robatz Network. Robatz Network and ADALend represent a key milestone in the development of the loan protocol, allowing both firms to collaborate to improve the protocol’s development, ultimately increasing the usability of the platform for consumers.
ADALend is a decentralised lending system that is scalable, trustless, and built on the Cardano blockchain. The collaboration will enable developers to conduct additional research to study the aggregate protocol environment, including liquidity, swap, UI, and UX. Robatz Network will also be participating in the platform’s design and implementation, with the protocol architecture expected to be developed around April 1st, 2022. Robatz Network intends to improve the user experience on the ADALend platform, making it easier for users to undertake self-governed lending transactions.
The Robatz Network
Robatz Network is a software development firm that specialises in all-encompassing business solutions. The company focuses on back-end, front-end, and mobile development, leveraging Ruby, React, and Flutter as basic technologies. In 2020, the firm began to broaden its expertise in decentralised systems such as swarm algorithms, edge computing, and blockchain by offering research services and building solutions. This attitude aided the company’s reputation as a trailblazer eager to take on even the most difficult tasks with confidence.
Decentralized Lending’s Future
Lending is an important part of the cryptocurrency ecosystem because it is one of the few options for investors to profit from their investments. ADALend ADALend is a decentralised lending protocol that promises to give affordable credit to the billions of unbanked individuals throughout the world. The protocol will aid in the advancement of the decentralised lending protocol and provide the benefits of cryptocurrencies to a larger number of individuals.
The loan business is plagued by high costs and intrusive marketing techniques. The lending platforms’ decentralised structure lets users to operate in a self-governed environment, which gives considerable benefits to both lenders and borrowers by allowing them to operate outside of the traditional banking system.
The lending business is presently worth billions of dollars and has the potential to grow significantly larger with the correct infrastructure in place.
