DeFi on Cardano will enable users to earn yield on staked ADA

 

Once Cardano’s Goguen era is launched, users will be able to earn additional yield on their ADA without having to unstake their funds. Liqwid Finance, a DeFi solution built on Cardano, will enable users to earn governance tokens by providing liquidity to the ADA market on Liqwid—all the while their tokens remain staked on the mainnet.

Goguen set to unlock vas new DeFi capabilities on Cardano

Most of the conversation focusing on Cardano’s upcoming Goguen era seems to be analyzing the steps needed to unlock the smart contract functionality. However, the concrete things Goguen will bring to the blockchain seem to be seldom, if ever, discussed.

Liqwid Finance, a DeFi project built on Cardano, highlighted some of the upcoming features Goguen will enable, giving the Cardano community a rare glimpse into what the future will look like on Cardano.

Namely, the project, which won the first prize on IOHK’s Wyoming Hackathon in October, said that they received a lot of inquiries from the…


CLICK HERE TO READ MORE [DeFi on Cardano will enable users to earn yield on staked ADA ]

Categories: