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10th Dec 2020
CryptoAltum Research Team

DeFi is coming to Cardano after Project Catalyst Launch

Weeks before the official activation of Smart contracting in the Goguen stage, Cardano is already preparing for #DeFi. Following the launch of Project Catalyst by Charles Hoskinson and IOHK, Liqwid will be the first lending market on the peer-reviewed platform. 


Smart contracting will go live in the next few months, tentatively in Q1 2020. A few months back, Shelley was activated and helped decentralize the network. With a solid base and a community-funded initiative to spur development in Cardano, Liqwid will be the first DeFi project to receive public funding ($250k in ADA coins) and launch a lynchpin service beneficial to the growing Cardano ecosystem.

Impact on the ADA Price: 

Bullish. Through DeFi and settlement of fees--though comparatively low, there will be more demand for ADA as the network becomes more vibrant, expanding from being just a transactional layer.

More market updates on our Blog 

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