Arman Shirinyan
Cardano is a huge ecosystem with a large number of actively developed projects, some of which are critical to its success
Cardano is a massive ecosystem made up of thousands of projects, and missing out on some of them is extremely easy, especially for community members who don’t follow the accounts of smaller projects.
DJED Launch and DjedPay
DJED algorithmic stablecoin has been one of the most talked about projects on Cardano since the Luna disaster. Users have split into two camps: those who believe algorithmic stablecoin support is doomed and those who believe Cardano can handle the pressure UST has been unable to handle.
In their most recent post, Djed developers shared a screenshot of DjedPay, a payment solution that would be available after the stablecoin’s launch in January 2023.
Bonds from Optim Finance
Previously we covered the recent launch of Optim Finance’s Decentralized Return products, which included Liquidity Bonds, which will appear in future Strategy Vaults. Decentralized passive investment solutions are effectively the backbone of the DeFi industry, which is expected to become the key growth engine for Cardano going forward.
Cross-chain SpectrumLabs
Launching the first eUTxO-based decentralized exchange would be a major milestone for Cardano to achieve, and the community’s excitement attests to that. According to the official announcement, there is only 27% left until the launch of Spectrum on the Cardano mainnet.
Hey! We have some great news this week that we want to share with you.
💭Read more: https://t.co/dgJ3ngHLge pic.twitter.com/mmH50KzOju
— Spectrum Finance (ex-ErgoDEX) (@SpectrumLabs_) December 7, 2022
Spectrum’s SPF token would be launched before its release on the Cardano mainnet. Around the same period, users expect yield farming to start on Ergo. Spectrum’s colleagues at Optim Finance have previously described the importance of developing the DeFi industry, as their products are highly dependent on the number of active projects on the network and will not work without the active development of projects like SpectrumLabs.
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