Hey Cardanians! Welcome aboard the Weekly Cardano Digest #14!!

This edition is packed with valuable insights into Cardano's latest developments. We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in. 

Here are the topics of the week:

• Mehen's USDM: Over 100,000 USDM Minted!

• FluidTokens: Revolutionizing Bitcoin's Lending Space

• VyFinance Integrates Exciting Shopping Cart Feature

• Weekly Development Report by IOG.

• & More!

This week on Cardano... 

Mehen's USDM: Over 100,000 USDM Minted!

Last week, cardano community witnessed a pivotal moment with the official launch of Mehen's Fiat Backed Stablecoin, USDM. Introducing a fresh stablecoin on the Cardano blockchain.

Mehen reported that several minters completed their onboarding process, actively minting USDM and joining a wave of enthusiasm that has gripped the community. Currently just over 100,000 USD-M was minted.

Real-Time Reserves with Charli3

The oracle technology by Charli3 stands as a testament to the power of collaboration and technological prowess. It not only showcases Mehen's reserves but also serves as a beacon of transparency and trust, allowing users to verify the backing of USDM in real-time.

The Path Forward

As Mehen looks ahead, the focus remains on bolstering the adoption of USDM and solidifying its position as a cornerstone of the Cardano ecosystem. The team's efforts to expand their reserves and onboard new minters are expected to drive further growth and stability for USDM.

In a world where the value of digital currencies can fluctuate wildly, the launch of USDM represents a significant step forward in providing a stable, reliable medium of exchange. As the community continues to rally around Mehen and USDM, the vision of elevating Cardano to new heights remains more achievable than ever.

FluidTokens: Revolutionizing Bitcoin's Lending Space

In the evolving landscape of blockchain and cryptocurrency, the emergence of Ordinals (Bitcoin NFTs) has sparked a new wave of excitement and innovation. Yet, as this space grows, the underlying technology has struggled to keep pace, particularly in the realm of decentralized applications (DApps). Traditional DApps on Bitcoin have been tethered to multi-signature (multi-sig) technologies, limiting their flexibility and potential. FluidTokens, a well known Cardano project, aims to transcend these limitations by introducing a groundbreaking lending protocol designed specifically for Ordinals, marking a significant leap forward in permissionless lending on the Bitcoin network.

The Dawn of Pooled Lending

One of the most notable innovations brought forth by FluidTokens is the concept of pooled lending. This new model allows users to borrow against their Ordinals directly from a liquidity pool designated for each Ordinal collection, significantly simplifying the borrowing process.

In addition to Ordinals, FluidTokens broadens the spectrum of acceptable collateral to include BRC-20 tokens and Runes, thereby expanding the utility and inclusivity of the platform. This expansion ensures that users can leverage a wider range of assets for their borrowing needs, providing flexibility and enhancing the overall user experience.

Moreover, the potential integration with technologies like Hydra and the Lightning Network opens up new possibilities for interoperability between Bitcoin and Cardano, suggesting a future where seamless transactions across blockchains become a reality. Check out the Testnet here

VyFinance Integrates Exciting Shopping Cart Feature

VyFinance, a prominent player in the Cardano decentralized finance (DeFi) landscape, has just elevated the user experience to new heights with its latest feature - the VyFinance Transaction Cart.

The Shopping Cart feature, now live on VyFi.io, ushers in a new era of efficiency by allowing users to perform multiple DeFi activities - including using a Decentralized Exchange (DEX), participating in yield farming, indulging in bar, and entering a lottery - all within a single transaction.

This innovative approach streamlines the process, making it more user-friendly and time-efficient, thus eliminating the cumbersome need to conduct separate transactions for each activity. With the shopping cart, users can maximize their DeFi strategies in a click, saving on transaction fees and precious time. Check it out here.

Weekly Development Report by IOG.

Interesting Stories: 

• TMinusOnesPro Testnet

• NMKR Mint with Native tokens

• Genius Yield DAO

• Nufi Wallet

• Intersect update

🎊 A Message from Lucas 🎊

Hey! The newsletter is growing smoothly; we started with ads a few weeks ago, and we're onboarding tons of new people to Cardano — so far, so good. We just passed 800+ subscribers, with more joining each week. We're also growing our team; we have two new members on our team, a writer and a designer. Together, they will help us scale the newsletter. This way, we will be able to write even more content for the community — threads, articles, infographics, and more. I have no doubt the Cardano Newsletter will be a key player in onboarding users to Cardano this cycle. Hope you are all with me on this. Also we are looking for sponsors! Reply if you are interested in having your brand promote here!

-Lucas Macchiavelli