Hey Cardanians! Welcome aboard the Weekly Cardano Digest #7!!
Today’s edition is supported by Cerra.IO. In just a few words, they allow members of the Cardano community to receive decentralized passive income through different DEFI mechanisms.
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:
Fluid Tokens new Roadmap.
USD-M New Partnership
Cerra.io gains momentum: Audit, Pre-Sale, DEX launch and more!
World Mobile Token and Iagon highlighted in Binance's latest DePin report.
This week on Cardano...
Fluid Tokens new Roadmap revealed!
What is Fluid Tokens?
Fluid Tokens a prominent Cardano lending platform, allowing users to borrow and lend assets on the Cardano Blockchain.
📆 Notable Milestones on the Roadmap for the near future:
Q2 2024 - MaelStrom: There is not much information yet, but I believe I have a good idea about what it is… 🌀👀
Q3 2024 - Aquarium Protocol Introduction: A solution on the Cardano blockchain that enables fee-less transactions, payment of transaction fees with custom tokens, and safe automation of smart contracts.
Q3 2024 - Cross-chain expansion: (Ethereum and Layer 2s)
Q3 2024 - Midnight: first privacy focused DeFi protocol
Why Is This Roadmap Important for Cardano?
The unveiling of Fluid Tokens’ new roadmap is a testament to the innovative spirit driving Cardano’s DeFi landscape. Each milestone (especially the highlights) represents a big leap forward in creating a more inclusive, efficient, and interconnected financial ecosystem. The evolution of peer-to-peer lending protocols ensures that Cardano remains at the cutting edge of user experience and functionality of our industry. Read more
Mehen Partners with Veralidity to Infuse e-Commerce with USDM
Mehen has inked a strategic partnership with Veralidity, renowned for their mastery in Adobe Magento, one of the world’s biggest e-commerce platform providers.
The collaboration is a game-changer, introducing Mehen's USDM stablecoin—a fiat-equivalent digital currency—into Veralidity's payment gateway for Adobe Magento stores.
What sets USDM apart is its anchoring to the US dollar, maintaining a 1:1 peg for unwavering stability, critical for transactional dependability in e-commerce. USDM launch is scheduled for March 16th!
Why It Matters for Cardano:
This partnership holds monumental significance for the Cardano community. By embedding a Cardano-native stablecoin into e-commerce payment systems, Mehen and Veralidity are not only expanding the practical use cases for Cardano's blockchain but are also fostering trust and acceptance for cryptocurrencies in mainstream commerce. Read More.
World Mobile Token and Iagon were highlighted in Binance's latest DePin report
Cerra.io gains momentum: Audit, Pre-Sale, DEX launch and more!
Just a month since their decentralized application debut, Cerra.io maintains momentum. The team forges partnerships, introduces products, refines user experience, and undergoes a smart contract audit.
P2P-Lending Smart Contract Audit:
Launched just before Christmas 2023, Cerra.io stands out in lending with in-house decentralized oracles. Prioritizing security, they enlist Tweag, a leading auditing firm. The audit is swift and concludes in weeks.
Tweag has quite a track record, conducting audits for Cardano projects like Minswap, GeniusYield, GeroWallet and many others. The audit is going at rapid pace and according to the team, should be coming to the closing stages in just a few weeks.
Pre-Sale:
Currently the pre-sale stage is happening directly on the newly established website. It has been progressing steadily in alignment of the platform development and feature releases. Make sure to check it out and join the early-birds team.
Development Updates:
Cerra.io integrates with Iagon, becoming Cardano's first dApp using decentralized storage. Also, the Xerberus Risk Rating system will help lenders and traders manage their exposure while using Cerra. The feature will go live after the next major risk upgrade that Xerberus is planning towards the End of February/Early March.
Additionally, substantial UX improvements, such as order filtering, faster loading times, live blockchain querying, and an enhanced create order wizard, have been implemented to improve user experience.
Upcoming AMM Swap:
Cerra.IO's next addition, the AMM Swap, launches Q1 2024. This addition aims to boost liquidity, drive product adoption, and increase fee generation, with a commitment to providing the lowest trading fees in the market. All fees will be split with CERRA token holders.
Website | Twitter | Discord | Whitepaper
Interesting Stories:
🎊 A Message from Lucas 🎊
Hey!! It's Monday again, I am happy to announce that we´ll start sending out special editions of the newsletter with guest writers. First one will be sent on tuesday, we are gonna have a project review on The Working Dead Project written by a good friend of mine Cristian Rojas, really hope u like it!!
On other topics, the past few weeks I've found it harder and harder to keep up with so much news. I usually spend around 3 hours filtering around the most important ones. Eventually I would love scaling this to daily news, but we are gonna need some extra hands for that. The Cardano newsletter has reached 700 subscribers and we are preparing some cool ways to scale this newsletter, looking for cool ways of onboarding new people to Cardano through newsletters I hope u gonna like that. Referral program coming as well!
Also, if you made it this far, I would greatly appreciate it if you can vote for my proposals, voting closes on Thursday so only a few days left to VOTE!!! Here are the proposals I am involved with:
Argentina: An Unprecedented Opportunity for Government Adoption
Token Allies the First Decentralized VC in Cardano - 2nd phase
Latam Cardano Community Operations
LATAM: The Land of the Builders
Bringing East Asian Investors to Cardano.
You can find all of the proposals on the Catalyst Voting App! Thanks for the support, and see you in the next edition! All can be found here.
-Lucas Macchiavelli
See you on the next edition!