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Cardano plans to introduce its own DeFi platform

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  • Cardano plans to launch its DeFi hub including a permissionless launchpad and a decentralized exchange
  • Astarter DeFi hub will enroll on the Cardano blockchain
  • After the Alonzo upgrade, with increasing smart contracts spread imposters are also rising
  • IOHK founder has received threats from Indian Youtubers, as he is accused of hacking a channel

Cardano, is one of the rapidly growing blockchain projects. Data from CoinMarketCap shows that in the current scenario, it is the third largest cryptocurrency in terms of market capitalization. This month only the ecosystem introduced its most awaited Alonzo upgrade. And now it is revealed that the blockchain network plans to introduce its decentralized finance (DeFi) platform. Such platforms will also include a launchpad and a decentralized exchange (DEX). Following Cardano’s plans, Astarter DeFI hub has enrolled.

Astarter offers solution to firms ready to use Cardano smart contracts

Astarter, a DeFi hub backed by high profile EMURGO developers, has recently shared an official statement about Cardano smart contracts. In the statement the platform revealed that it will enroll on the Cardano blockchain. Moreover, Astarter’s solutions are now available to satisfy. The needs of more than 140 startups who are ready to use the Cradano’s smart contracts, that is now possible after tye Alonzo upgrade.

How Astarter’s solution will help startups?

According to Astarter, a pioneering decentralized crypto exchange based on the ADA network will be among the modules it offers. Furthermore, the token launchpad will thereafter be available ro help Cardano-focused startups to acquire funds more easily and promptly. Notably, the launchpad listing is going to be entirely permissionless.

On the other hand, the money market services module will assist as an easy-to-use lending/borrowing environment for Cardano’s native cryptocurrency ADA. And the Tech Service Solution kit will embellish the developer’s experience inside the emerging Cardano environment.

IOHK boss warns against Impersonators

After the Aonzo upgrade, it is observed that the use of Cardano’s smart contracts is spreading with lightning speed. Notably, with increasing usage an increasing number of imposters are found seeking to trick the community. Charles Hoskinson, the founder and CEO of Input Output Hong Kong (IOHK), reaffirmed his lack of Instagram and LinkIn profiles. Indeed, any effort to contact the IOHK boss on such social platforms is extensive travesty.

Indian YouTubers threatening IOHK boss

The Indian YouTubers have accused Charles Hoskinson of hacking Ashlar Techy’s YouTube account. The YouTuber with more than 650k followers used to post videos on cars. It is revealed that the hackers have exploited the channel due to promotion of a Giveaway fraud on behalf of the IOHK boss. Following the scenario, the followers of the channel demanded that the account should be restored to its rightful owner. Indeed, fans further argued that if the ADA inventors will be under attack.

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