Charli3 announces AADA Finance’s integration
Charli3 x Aada Finance Oracle Integration:
Charli3 is excited to announce Aada finance’s intention to integrate with our oracle network. Aada is a pooled DeFi lending platform, built to provide users with a seamless borrowing and lending experience.
Charli3 will provide crucial price feed data to ensure that users have the most reliable and up-to-date information for asset evaluation. Integrating Charli3 with Aada will also facilitate accurate price-to-value calculations, helping enable Aada’s DAO, lending Dapp, and staking pool to become more efficient, trusted, and secure for end-user experiences.
By streamlining the integration processes of Charli3’s Cardano-native oracle solution, we are enabling Aada to safely consume on-chain data that reflects the weighted average from all blockchains.
About Aada Finance:
Aada Finance is a lending platform on the Cardano blockchain that uses an innovative NFT-bond strategy. In essence, the protocol serves as an intermediary between the lenders and borrowers by issuing NFT agreements. Moreover, it uses a pooled lending mechanism for securing the flow of assets between the two types of users. Thanks to the new strategy, users can redeem and transfer their deposits and loans. As a result, Aada pioneers a wide range of new use cases. What’s more, the platform takes advantage of Cardano’s low transaction fees. That way, it effectively improves the utilization of all borrowed funds.
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Charli3 is the first decentralized oracle solution for the Cardano network that interacts with resources outside and on the Cardano blockchain. Charli3 is a powerful intermediary using smart contracts to interface with off-chain data efficiently and decentralized. Furthermore, being native to Cardano’s blockchain will have the lowest barrier to entry for functioning as the standard decentralized oracle of all Cardano-based projects. Thus, Charli3 is the clear choice for any project building on the Cardano blockchain.
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