Ardana (DANA Token) Explained Simply

Ardana is described as a DeFi hub that is built on the Cardano blockchain. It’s meant to provide Cardano’s users with DeFi primitives to spur ecosystem development. The first is a decentralized stablecoin platform which is aimed at ensuring that users can leverage Cardano native assets by generating stablecoins against them. As an on-chain asset-backed stablecoin protocol, Ardana is meant to provide a decentralized exchange stable asset liquidity pool on Cardano. To facilitate borrowing, the stablecoin is overcollateralized with on-chain Cardano native assets.

The second offering is their stableswap DEX called Danaswap which is aiming to make it possible to swap between stable asset-sets and also provide an opportunity for liquidity providers to earn DANA token rewards and fees for their liquidity provisioning.

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