Near Protocol (NEAR) has partnered with Ardana, the first stablecoin and lending protocol of the Cardano ecosystem. Cardano and Near will have a token bridge designed by Ardana. The partnership also includes a grant from the Near Foundation.
Ardana CEO and founder Ryan Matovu spoke about the collaboration and highlighted its importance for both the Cardano (ADA) and Near Protocol (NEAR) ecosystems:
“Ardana is on a mission to provide the crypto community with seamless integration between different projects and ecosystems. With this in mind, we are excited to announce a partnership with NEAR that will bring Ardana even closer to this goal. The collaboration will help both organizations explore new growth avenues in the emerging blockchain technology ecosystem and will prove to be a milestone for blockchain scalability in the future.”
Erik Trautman, CEO of the NEAR Foundation, noted that developing a bridge aligns with Near’s “multi-chain” vision:
“NEAR has always envisioned a multi-chain world; In this way, each blockchain can talk and exchange data between each other seamlessly. Ardana helping to create a multi-chain world and integrations like this help achieve this goal.”
In summary, with this move, Near will seamlessly integrate into Cardano’s DeFi infrastructure.
If you are having problems with your exchange, you can click here and buy safely by registering! Plus, you pay a lower commission fee!