ADALend Partners with Robatz Network to Develop Decentralized Lending Protocol

ADALend partners with software company Robatz Network to improve the lending protocol and enhance user experience.

Bishal Kumar Chanda3 min read
ADALend Partners with Robatz Network to Develop Decentralized Lending Protocol

ADALend announced its partnership with Robatz Network to enhance the user experience of Cardano’s decentralized lending protocol. The first joint release of ADALend and Robatz Network is expected in the first quarter of 2022.

Lending is an essential aspect of the crypto ecosystem, where investors benefit while holding on to their assets. ADALend is a decentralized lending platform built on the Cardano blockchain. ADALend aims at bringing scalable and trustless lending to billions of unbanked individuals worldwide. The new protocol developed in partnership with ADALend and Robatz Network will make the benefits of cryptocurrencies available to more people. High fees and invasive marketing plague the lending industry. The decentralized nature of the ADALend platform sets it apart from the traditional banking system and benefits both lenders and borrowers.

The partnership represents a significant milestone for developing a lending protocol that will increase the utility of the ADALend platform for users. Developers will be analyzing the aggregate protocol environment, which includes swap, liquidity, UI, UX, etc. At the same time, Robatz Network will be working on the design and deployment of the platform, with 1st April 2022 as the expected date for commencing the development of the protocol architecture. Robots Network plans to enhance the user experience so that users can easily access self-governed lending.

Robatz Network is a software development company specializing in front-end, back-end, and mobile development in React, Ruby, and Flutter. In 2020, Robatz Network extended its services to the blockchain, edge computing, swarm algorithms, research services, and development solutions. It has made a name for itself as a pioneer in solving the most complex challenges throughout the years. The global lending market is worth billions of dollars. With Robatz Network’s expertise, ADALend will reach a greater audience.

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