The IOHK is aiming to use the Cardano (ADA) cryptocurrency as a Funding program. The development company behind Cardano has considered the \u201cLiqwid\u201d project as a potential candidate for funding of up to the US $ 250,000.Liqwid is a Defi credit protocol and is used as one of its so-called \u201cidea catalysts\u201d for Cardano.On Twitter, the IOHK said that several promising ideas that have been chosen as idea catalysts would be revealed in the coming days on Tuesday. \u201cProject Catalyst\u201d is a public fund that aims to bring research, social experimentation, and community consent to creating an open, democratic culture within the Cardano community.3. We\u2019ll soon be inviting the community to register to vote, kicking off the first-ever public Catalyst funding round. An initial $250k-worth of #ADA will be available for building the best idea (s) @Cardano. And that\u2019s just the beginning\u2026- Input Output (@InputOutputHK) December 7, 2020The first project to be announced is Liqwid, a Defi credit protocol that will allow members to deposit and borrow digital assets, earn interest on them, right on ADA blockchain.In an October post on Medium, Liqwid architect Dewayne Cameron described his protocol as \u201can open-source automated liquidity protocol for lending.\u201dLiqwid Finance is not a bank. It is an open-source financial infrastructure. Liqwid does not have specific regions or users to target. The functional implementation of Liqwid is an open-source credit protocol on a distributed decentralized cloud; conceptually, this is a global strategy.The decentralized finance market has seen a boom over the past six months. At the time of this writing, the Defi Projects (TVL) \u2018s total value was $ 14.6 billion, spread across the credit, derivatives, asset, and DEXes markets.Liqwid in the development phase: The Defi Gamechanger of 2021?Liqwid begins its development phase next week, with tests scheduled for the end of Q1\u2026<\/p>","protected":false},"excerpt":{"rendered":"
The IOHK is aiming to use the Cardano (ADA) cryptocurrency as a Funding program. The development company behind Cardano has considered the \u201cLiqwid\u201d project as a [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/2964"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=2964"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/2964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=2964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=2964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=2964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}