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DANA

Ardana  

#DANA

DANA Price:
$0.18
Volume:
$19.8 K
All Time High:
$9.61
Market Cap:
$7.2 M


Circulating Supply:
40,281,250
Exchanges:
2+
Total Supply:
125,000,000
Markets:
2+
Max Supply:
125,000,000
Pairs:
2



  DANA PRICE


The price of #DANA today is $0.18 USD.

The lowest DANA price for this period was $0, the highest was $0.178, and the exact current price of one DANA crypto coin is $0.17836.

The all-time high DANA coin price was $9.61.

Use our custom price calculator to see the hypothetical price of DANA with market cap of ETH or other crypto coins.


  DANA OVERVIEW


The code for Ardana crypto currency is #DANA.

Ardana is a newer coin by our records, at least 10 months in age.


  DANA MARKET CAP


The current market capitalization for Ardana is $7,184,667.

Ardana is ranking upwards to #1154 out of all coins, by market cap (and other factors).


  DANA VOLUME


The trading volume is modest during the past 24 hours for #DANA.

Today's 24-hour trading volume across all exchanges for Ardana is $19,803.


  DANA SUPPLY


The circulating supply of DANA is 40,281,250 coins, which is 32% of the maximum coin supply.


  DANA BLOCKCHAIN


DANA is a token on the Cardano blockchain.


  DANA EXCHANGES


DANA has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 2 crypto exchanges.

View #DANA trading pairs and crypto exchanges that currently support #DANA purchase.


  DANA RESOURCES


Websiteardana.org
Whitepaperdocsend.com/view/v4w3muusi6im3ay2
Twitterardanaproject
Redditr/Ardana
Telegramardanaofficial
Discorddiscord.gg/deJvmdTamu
Mediumardana-hub


  DANA DEVELOPER NEWS



Development Diary: 8th August — 26th August

Development Diary: 8th August — 26th August - Here we go again with another edition of Ardana’s Development Diary, and we’ve got some exciting news to share. This time around, we’ll be looking at some of the new updates that have gone out over August. — Dev diary: August 8–12 2022 - We started by recording a demo video to show off the new functionality of our wallet app. You can watch it here. We also completed our local contract tests for hello-world-api by adding local tests for ctl runtime nixos-modules on testnet. We did this by creating a qemu-vm and nixosConfig for each testnet configuration. This means that we can now run E2E tests in parallel by adding multiple wallets. To make things even better, we found a way to minimize CSS with webpack and integrate lighthouse tests for hello-world-browser. We also set up spec for vault discovery, traceability, authentication, and verification. Finally, we added retry logic for CTL wallet serialization in CTL itself. The other big thing this week was refactoring Nix flake module so that it’s easier to parallelize Nix work on different sides of the project without creating conflicts. These conflicts can arise when two devs are working on different things at once but they need each other’s code to work together properly! — Dev diary: August 15–19 2022 - We’ve got a hot reload for hello-world-browser development, Purescript code formatting is in the app, and we’ve replaced ctl-runtime with Plutip for hello-world-browser e2e tests. Plutarch’s update to provide Babbage support is also done — it will be out by the end of the week. Golden tests for CBOR (generated by on-chain) after Plutarch update is in progress. We’re also working on local-ctl-runtime executable for development purposes, as well as NFT minting policy and on-chain implementation of the Hello World discoverability, verification, authentication & traceability system. — Dev diary: August 22–26 2022 - This week was a little hectic as we wrapped up some loose ends and made progress on our next big release. We’re happy to announce that we’ve completed the Plutip CLI tests, Onchain doc generation (hoogle), NFT minting policy, and hello-discovery work. We also fixed a bug in plutarch, researched Babbage usage in CTL, cleaned up stale PRs, issues and branches, and made it configurable to run some of our tests on a local vs. public testnet. — About Ardana - Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital-efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Development Diary: 8th August — 26th August was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Development Diary: 27th June — 5th August

Development Diary: 27th June — 5th August - We’re back with another edition of Ardana’s Development Diary, and we’ve got some exciting news to share. In this installment, we’ll be looking at some of the new updates that have gone out over the last two months. We’ve been working tirelessly on the tools and features of the Ardana platform to bring you the best experience possible. Developer Diary: 27 Jun — 1 Jul 2022 This week has been a whirlwind of activity and we are finally getting to the point where things really start to come together. We have integrated the Plutarch validators into the offchain code using nix, which was a lot of fun to work with. We decided to move the tests for the off-chain code into CI, and we managed to get them passing with a fairly basic setup. The CTL spec framework is in place, and we can now translate acceptance criteria into code. The frontend team has made great progress towards trivial examples working in CLI interface, wallet loading from file, and signing without browser integration. Purescript has been updated with a new version of purs-nix, supporting wasm properly, which is also a big step towards usability. Developer Diary: 4–8 Jul 2022 The price feeder is nearly finished. The spec for the CLI output makes it clear what’s expected. We’re just waiting on some more reviews, and we should be good to go! In other news, we’ve been doing a lot of work with purs-nix lately. We’ve written documentation, and are working on making sure that the frontend code is compatible with the Nix packages so that we can make use of purs-nix’s comprehensive testing in our builds. We’re still not actually connected to the control layer yet, but the groundwork is being laid. It’ll happen sooner or later. Developer Diary: 11–15 July 2022 Hello World UI is now connected to the CTL API, which means it can be used for frontend development. We’ve implemented initial integration testing for the frontend and successfully tested it out with a Hello World (of course) interface. Over the past week, we have spent more time investigating why our Cardano node is having difficulty syncing with the network. It turns out a few of the nodes on the network are having issues and aren’t sending us all of their messages, so we’re still looking into that. We also have been working on finalizing our specification for Hello World and setting up an initial roadmap for its development. In terms of Nix/NixOS, we recently finished refactoring our current dUSD codebase, which should make it easier to add new features to it in the future. Nix/NixOS is now being used internally at Coinbase to run each of our test suites independently, which will allow us to speed up our test suite execution times significantly and improve code quality across the entire project. Developer Diary: 18–22 July 2022 ClojureScript tests are now run through Nix! This was a long time coming. As we mentioned in an earlier entry, there were some issues with the build system not being flexible enough as we added new dependencies and versions over the past few months. Well, this is the solution to all of that: we’ve been able to move away from the old way of doing things and into a more streamlined setup that relies on Nix for dependency management. It’s still early days, but the setup so far seems promising. The next step is to get browser testing up and running so we can start running tests in a browser environment. The new command line interface (CLI) work is almost merged! This has been something that’s been in development for some time now, and it’s finally close enough to be done that we think it will be stable soon. The first part of this is going to involve adding some new commands to Flake. Now, with Flake 0.2, you can specify a particular test suite and it’ll automatically figure out what dependencies you need. Developer Diary: 25–29 July 2022 This week, we focused on finalizing our API tests and getting the CTL retries ready for the testnet. The API tests are basically integration tests that cover how the components of our system interact with each other. For example, in order to achieve transaction finality, when two or more validators produce conflicting signatures for a transaction, we need to be able to identify which one is actually correct and which one is incorrect. To do this, we need to be able to know which signatures belong to which validators. This is where our API comes in. With it, we can test whether our system can correctly identify the validator that produced a particular signature. The API is being developed by the Validator team, so they can use it to implement the backends of their products. We also finalized some of our API tests and preparation for the deployment of CTL retries in the testnet. The CTL retries are a core part of our architecture that prevent forks from happening during consensus integration testing and also provide protection against attack vectors such as double spends or censorship attacks. One advantage of having this mechanism Developer Diary: Aug 1–5, 2022 One of the most exciting and important developments in the past few days was figuring out how to make our Hello World app work with multiple types of data storage. We had already planned to integrate with an NFT storage system, but we also need to be able to deal with UTXOs when we deploy it. The plan is to have all our storage backends communicate using the TxT protocol, which is really great because it means that if one type of data storage fails us, it doesn’t mean we lose all our progress on the app. This week, we were able to finish up the new retry system for CTL transactions. This is a system that will be used by Hello World to automatically try to resubmit failed transactions and ensure that all the data in the network stays consistent — both of these things will be crucial to making the TxT pattern successful in the future. Its current form is based on a Redis-based job queue, which allows us to queue up multiple retries for each transaction. In this way, we will be able to increase the likelihood that a transaction will succeed and help prevent double-spending. In addition, we’ve been running tests against our live test network, which makes it much easier for us to verify that everything is working correctly before we deploy anything on the main network. Next week, we’re going to focus on setting up Hello World and moving forward with the UTXO discovery mechanism. About Ardana Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital-efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Development Diary: 27th June — 5th August was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




DANA ISPO Update

Security Incident As has come to light, a man-in-the-middle attack attempted to intercept a portion of the DANA tokens allocated for the ISPO. We at Ardana have been looking forward to rewarding our community and engaging our stake pool partners in ASPA (Ardana Stake Pool Alliance) with the DANA ISPO. Here is our article covering the launch parameters. Weighing out the options, we decided to use DripDropz as our ISPO claim platform and tasked a new external contributor to help build and coordinate. This developer was vetted by a trusted contact and had been given tasks in the past that he executed well. After discussion with the DripDropz team, it was made clear that no one from the Ardana team had contacted them and that a malicious actor was at play. After an internal investigation and being alerted by the DripDropz team, we discovered that the malicious external contributor had provided false information to us and it was likely his intent to provide a false address to intercept the DANA tokens allocated for the first distribution of the ISPO. Ardana’s internal security protocols would have prevented the final attack from succeeding, no tokens were stolen, and the integrity of DANA was preserved.Next Steps We are working with the relevant legal authorities to deal with the investigation moving forward. Furthermore, we are in robust contact with the DripDropz and are working diligently to ensure the ISPO goes smoothly. As a reminder, participants in the ISPO will receive their accumulated DANA rewards as per the original ISPO duration and applicable multipliers after the distribution is live. We will announce when participants in the ISPO can claim their DANA tokens from DripDropz, but we estimate it to be live in early August.About Ardana Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital-efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck DANA ISPO Update was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Development Diary — June 13th — 24th, 2022

Development Diary — June 13th — 24th, 2022 In this installment of Ardana’s Development Diary, we will be looking at some exciting new updates over the last two weeks. Since our recent ISPO launch, our developers have been working hard on the tools and features of the Ardana platform to ensure the best experience possible for all platform users. Dev Diary: 13–17 June 2022 The CTL (Cardano-Transaction-Lib) CTL is a type of purescript library used to create smart contract transactions on the Cardano platform. It seeks to transfer the Plutus off-chain code’s interface and functionality to the browser environment. The team has been focusing quite a lot on the CTL and successfully stabilized the CTL environment. Once stabilization was achieved, this unlocked testing for the CBOR coding. CBOR stands for Concise Binary Object Representation (CBOR), a data format that allows for minimal code, small message size, and extensibility without version negotiation. The CBOR encoding was validated on the platform by testing the Plutarch to CBOR string of “AlwaysSucceeds” and “HelloWorld” validators from the browser in CTL. The work here is now in master. Plutip Integration While waiting for the Plutip integration to kick in, we created a branch-to-base foundation for the CTL. In addition, once the Plutip integration is ready, there will be localized testing and nixification of the CTL runtime dependencies. This will ensure quality and also help with testnet production and mainnet deployments. This week, Marijan also worked on improving the nix side of things, primarily by moving the current system to purs-nix. Dev Diary: 20–24 June 2022 Off-Chain This week, we can confirm that trivial CTL examples are now operating smoothly. We also improved reproducibility and purity by eliminating the docker dependency from CTL and eliminating reliance on IOG’s (Input-Output Global) testnet by setting up a local testnet. IOG is one of the leading blockchain engineering and research firms in the world that is best known for the Cardano blockchain platform. In addition, there is now a purescript test framework for test-driven development, and we have added advanced examples, such as parameterized contracts to our tests. Frontend The browser is now separate, and we are continuing to work on the CLI frontend. The Cardano-cli command-line interface (CLI) is installed as part of the node installation process. This CLI offers a selection of tools for producing keys, building transactions, making certificates, and performing other crucial operations. About Ardana Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital-efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Development Diary — June 13th — 24th, 2022 was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcement: The Ardana ISPO is here!

Critical update — 07/19/22: A cyber security incident was recently brought to our attention that will require a delay in the disbursement of DANA tokens to ISPO participants. Participants in the ISPO will receive their accumulated DANA rewards as per the original ISPO duration and applicable multipliers after the distribution is live. Further details can be found here.Introduction We are thrilled to announce that Ardana’s ISPO will take place today, July 4th, 2022, and will run all the way through to December 31st, 2022, with the ISPO officially ending on January 5th, 2023, at 21:45 UTC. The DANA will be distributed among delegators from the liquidity mining portion. The distribution will take place via Drip Dropz, the Cardano token dispensing service. Users will be able to claim their first distribution share on Drip Dropz during the next epoch on July 9th, 2022, at 21:45 UTC. The rewards that a delegator is owed will be made claimable at each epoch, so rewards accrued between two epochs aren’t claimable until the latter epoch concludes. If a delegator doesn’t claim their tokens before the next epoch, they will be added onto the next tranche of claimable ISPO rewards. Any ISPO supporters who staked before March 31st will now enjoy big bonus multipliers, which will significantly boost their ISPO rewards. The total DANA for the ISPO will amount to 2.5 million DANA tokens, with a maximum cap of 69,444 DANA distributed during each epoch. One of the primary purposes of the ISPO is to reward long-time supporters of the ASPA pools (the complete list of ASPA pools can be found here). Of course, there is no minimum staking requirement to avail of these rewards; it’s all based on loyalty to the pools. Details on the early bonus staking multiplier were illustrated in this article. The following is a reminder of that same information.What is the Early Bonus Staking Multiplier? As of March 31st, 2022, 21:45 UTC until July 4th, 2022, 21:45 UTC (20 epochs in total), the longer participants delegate to an ASPA pool, the higher their bonus multiplier will be. The bonus multiplier is calculated for each amount that was added separately- that way, it’s impossible to manipulate the system by staking 1 ADA during the early rewards period (between March 31st and July 4th), and then increasing delegation to a larger amount after the ISPO begins. Each bonus multiplier starts at 1x, which means no multiplier has been applied. The bonus multiplier is capped at 2x multiplier. This means participants can look forward to earning a 0.05x bonus multiplier for each epoch. But how does this work in practice? Imagine the following scenario: A participant decides to delegate on April 29th and remains delegated until the ISPO kicks off on July 4th. They will then have earned 14 epochs x 0.05x = 0.70x bonus multiplier. When the ISPO starts, they will earn DANA tokens with a generous multiplier of 1.70x. Remember, delegating before March 31st grants participants a 2x bonus multiplier. The early staking bonus multipliers per epoch are set out in the table below. Participants must delegate before the “Snapshot Date” in the table if they wish to begin accumulating the corresponding .05x bonus multipliers. Unstaking at any time during the early rewards timeframe (or ISPO) will reset all bonus multipliers back to the baseline of 100% (1x) rewards. The early rewards timeline/rolling snapshot schedule is as follows:Standard Staking Multiplier As the early staking bonus period comes to a close, the Ardana ISPO will officially begin! During this time, old and new stakers will continue to receive a standard staking multiplier bonus that will increase by 0.01x from July 4th, 2022, 21:45 UTC, until the last epoch of the year (and the end of the ISPO) on December 31st, 2022, 21:45 UTC.Small Pool Multiplier A small pool multiplier was applied to all pools with less than 5 million ADA staked within their pool to encourage decentralization. This was a single, one-time 0.1x multiplier applied to any new delegate that staked with any one of our smaller pools. However, the delegate must have remained in that pool to keep the multiplier. Once all pools within ASPA are above 5 million ADA stake, the bar would have been raised to 10 million ADA for new delegates who wished to join. To reward existing ASPA delegators for their loyalty, the small pool multiplier was awarded to all existing delegators that had staked with an ASPA pool before March 31st at 21:45 UTC. Once again, existing ASPA stakers did not need to redelegate their ADA to a sub-5 million ADA ASPA stake pool to receive the small pool multiplier bonus. This means that the maximum possible multiplier before the ISPO started with the small pool multiplier and the early staking bonus multiplier was 2.1x.Conclusion We are very pleased to announce that ISPO supporters who staked before March 31st can now earn big bonus rewards during the Ardana ISPO taking place starting today. Accrued DANA tokens can be claimed once an epoch has concluded on Drip Dropz. ISPOs have been created especially to support new projects within the Cardano ecosystem. It encourages decentralization by providing fair incentives for smaller validators to participate. In addition, staking more ADA among multiple validators helps to improve network performance and security. We are very pleased with our ongoing contribution to the Cardano network together with our ASPA partners. We look forward to all our ISPO supporters benefiting from attractive bonuses and significant rewards!About Ardana Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital-efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Announcement: The Ardana ISPO is here! was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Ardana Dev Diary — 2022–03–11

Ardana Dev Diary — 2022–03–11 Welcome to another Ardana developer diary. Over the last several weeks, the teams have been hard at work as usual.Smart Contracts Team The smart contract team worked on adding tests for the DanaSwap on-chain logic written in Plutarch. Golden tests (for verifying that outputs due not change unexpectedly after each update) have been added, along with property tests using the new apropos-tx library. Things are now beginning to ramp up on the dUSD stablecoin with the current focus being on architecture and test planning as well as setting up a new repo that will house all of the on-chain and off-chain code. The apropos-tx library has been significantly improved. Models are now composable (making it easier to write tests), custom generator libraries can now be used, and the documentation has been beefed up. Various contributions to Plutarch have also been completed for improving developer ergonomics and testability.Apps/UI Team The frontend team has worked on revamping the Danaswap design and setting up a test plan to make sure everything is thoroughly tested. They’ve also added a content security policy to mitigate potential attacks such as cross-site scripting and data-injection attacks. The hardware integration for automatically signing transactions is now at a point where it can be done with a simple Haskell library. There are just some Nix configuration issues to sort out and then it’s a matter of adding tests. Other work has included setting up a robust E2E testing plan for the entire protocol, configuring automated API documentation as well as working with the smart contracts team on planning the dUSD architecture.DevOps Team The DevOps team has been busy working on Nix tooling, resolving CI issues for the Plutonomicon repo, setting up a status page to communicate downtime/maintenance, and investigating monitoring solutions. They’ve also performed a drill to help identify how easily the team is able to respond to security incidents which will likely become an activity that’s performed every few months going forward. About Ardana Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Ardana Dev Diary — 2022–03–11 was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcement: Earn Twice the Ardana ISPO Rewards by Delegating before March 31st

Introduction Today, we are delighted to announce that ISPO supporters who stake before March 31st can earn big bonus multipliers that will increase their Ardana ISPO rewards once it starts on July 4th! The list of ASPA pools can be found here. In order to reward long-time supporters of ASPA pools, Ardana will apply a reward bonus multiplier to wallets staked before the start of the ISPO. There is no minimum staking requirement. The initial snapshot will occur at 21:45 UTC on March 31st, 2022 with live stake and active stake being considered, and every epoch boundary after that with only active stake considered. The total rewards for the ISPO will be 2.5 million DANA; however, this may change depending on how much is staked. If new pools are required, the focus will likely be on small pools. As illustrated in the chart below, those who choose to stake their wallets will earn a linear 0.05x multiplier for each epoch staked during the bonus period for a total of 2x if staked throughout the bonus period. Along with providing great rewards for Ardana supporters, the multiplier will improve overall system efficiency by allowing ADA to flow more freely into our ASPA pools and ensuring that DANA rewards are distributed more evenly. Furthermore, participants in the Ardana ISPO will be able to view their DANA rewards as they accrue in a claim portal that will be announced in a future article.Early Staking Bonus Multiplier Let’s take a closer look at what kind of bonuses are available for those participating in the early staking bonus multiplier. As of March 31st, 2022, 21:45 UTC until July 4th, 2022, 21:45 UTC (20 epochs in total), the longer participants delegate to an ASPA pool, the higher their bonus multiplier will be. The bonus multiplier is calculated for each amount that was added separately- that way, it’s impossible to manipulate the system by staking 1 ADA during the early rewards period (between March 31st and July 4th), and then increasing delegation to a larger amount after the ISPO begins. Each bonus multiplier starts at 1x, which means no multiplier has been applied. The bonus multiplier is capped at 2x multiplier. This means participants can look forward to earning a 0.05x bonus multiplier for each epoch. But how does this work in practice? Imagine the following scenario: A participant decides to delegate on April 29th and remains delegated until the ISPO kicks off on July 4th. They will then have earned 14 epochs x 0.05x = 0.70x bonus multiplier. When the ISPO starts, they will earn DANA tokens with a generous multiplier of 1.70x. Remember, delegating before March 31st grants participants a 2x bonus multiplier. The early staking bonus multipliers per epoch are set out in the table below. Participants must delegate before the “Snapshot Date” in the table if they wish to begin accumulating the corresponding .05x bonus multipliers. Unstaking at any time during the early rewards timeframe (or ISPO) will reset all bonus multipliers back to the baseline of 100% (1x) rewards. The early rewards timeline/rolling snapshot schedule is as follows: Standard Staking Multiplier Bonus When the early staking bonus multiplier period has finished, the Ardana ISPO has officially begun! Old and new stakers will still accrue a standard staking multiplier bonus that increases by 0.01x per epoch from July 4th, 2022, 21:45 UTC to the last epoch of the year and the end of the ISPO, on December 31st, 2022, 21:45 UTC.Small Pool Multiplier To encourage decentralization, a small pool multiplier will be applied to all pools with less than 5 million ADA staked within their pool. The small pool multiplier will be a single, one-time 0.1x multiplier applied on top of existing multipliers to any new delegate that stakes with a small pool, and they will have to remain in that pool to keep it. Once all pools within ASPA are above 5 million ADA staked, the bar will be raised to 10 million ADA for new delegates coming in. To reward existing ASPA delegators for their loyalty, the Small Pool Multiplier will be awarded to all existing delegators that have staked with an ASPA pool before March 31st at 21:45 UTC. Once again, existing ASPA stakers will not need to redelegate their ADA to a sub-5 million ADA ASPA stake pool to receive the small pool multiplier bonus.Important Points to RememberIf a participant decides to redelegate to another pool (including other ASPA pools), their bonus multipliers and small pool multiplier will be reset to 100% (1x).If a participant’s ASPA pool is saturated and they decide to move to another ASPA pool, their multiplier will not be reset, and they will continue to accumulate rewards until reaching the max.If a participant earns the small pool multiplier, this will remain in place provided they stay with their pool. This is to avoid the need for participants to relocate into a smaller pool after initially selecting/delegating to their ASPA pool of choice.The early reward bonus multiplier is calculated on a regular basis (Snapshots taken each epoch) between March 31 and July 4th, based on the amount of ADA that was delegated. For example, staking 100 ADA on March 31stst and adding 100,000 ADA just after the ISPO begins will earn you a 200% multiplier for the initial 100 ADA and no early bonus multiplier for the remaining 100,000 ADA.Participants will accrue DANA tokens for each full epoch they stake within their ASPA pool after the ISPO begins — early staking and small pool bonuses will be applied to calculate these rewards. Participants’ accrued DANA tokens can then be claimed after the ISPO has ended (details will be announced later).Conclusion We are very pleased to announce that ISPO supporters who stake before March 31st can earn big bonus rewards during the Ardana ISPO. ISPOs in the Cardano ecosystem are an iterative process. We are excited at our contribution to this thriving collaboration of builders, dreamers, and innovators with the mechanics we’ve designed in cooperation with our ASPA partners. About Ardana Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Announcement: Earn Twice the Ardana ISPO Rewards by Delegating before March 31st was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcement: DANA ISPO Bonus Rolling Snapshot Begins April 1st

Introduction Today, we are delighted to announce the terms for eligibility in the DANA ISPO bonus that we are providing to users staked in an eligible ASPA (Ardana Stake Pool Alliance) stake pool between April 1st to the launch of the DANA ISPO in July. A bonus multiplier will be applied depending on how long a user stakes their ADA in an eligible stake pool during this timeframe. Of course, if a user stakes after the DANA ISPO launches in July, they will receive DANA depending on how long they stake during the ISPO, how much ADA they stake, and the size of the eligible ASPA pool they stake with (smaller pools yielding more DANA). The exact metrics for the bonus multiplier as well as DANA reward calculations will be released in a follow-up article. A bonus rolling snapshot will improve overall system efficiency by allowing ADA to flow more freely into our ASPA pools and ensuring that DANA rewards are distributed more evenly and fairly. The bonus multiplier is to reward early and attentive stakers.How Does the Bonus Rolling Snapshot Work? The amount of staked ADA in the eligible ASPA pools is subject to a specific bonus multiplier depending on how long the ADA was staked between April 1st to the launch of the DANA ISPO in July. Effectively, this means that anyone staked into one of the eligible ASPA pools prior to April 1st and who remains staked during the rolling snapshot will receive the maximum bonus multiplier due to their dedicated support of ASPA pools. But what does this mean for your ADA? Let’s look at the below scenarios. Let’s say, for example, that the rolling snapshot lasts for 100 days and a person learned about the ISPO after 50 days have already passed since April 1st and they decide to stake their ADA for the DANA ISPO for the last 50 days. Their effective multiplier could be 1.5, whereas someone who had staked for all 100 days could have an effective multiplier of 2.0. The final bonus mutliplier along with how the amount of ADA influences DANA received will be detailed in follow up articles. However, if you are a user who stakes on the launch of the DANA ISPO in July, then you will not receive a bonus multiplier. In this case, that user would receive a standardized amount of DANA tied to how long they stake during the duration of the ISPO. Another case would be if a user started to stake after 50% of the DANA ISPO has already elapsed. In this case, they would receive 50% of half of the DANA that someone staked on April 1st would have with a bonus multiplier of 1.0. Lastly, if a user staked 1 ADA during the entire duration of the bonus rolling snapshot in an eligible ASPA pool and 1,000 ADA on the launch date of the ISPO, only the 1 ADA stake would receive the maximum bonus multiplier. Implementing a rolling snapshot is a much better alternative compared to a hard cut-off. This structure allows those who are active and attentive community members to be indirectly rewarded for their commitment to Ardana and for new users to still participate. Furthermore, it doesn’t limit anyone from a DANA reward if they stake after the ISPO has already started after July.Conclusion We are looking forward to the launch of the DANA ISPO stake in July, with the bonus rolling snapshot taking place from April 1st up until the ISPO debut. We are confident that this model will effectively promote a fair distribution to all ASPA pools, continuing to decentralize the Cardano network. Keep an eye out for more information soon! About Ardana Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Announcement: DANA ISPO Bonus Rolling Snapshot Begins April 1st was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Optim Partnership Announcement

Ardana is proud to announce our partnership with Optim Finance! — What is Optim Finance?. — Optim Finance is a suite of products such as Single Asset Vaults, DEX LP Vaults, Staking Ops, and Lender Ops designed to optimize yield generation in the Cardano DeFi ecosystem. In their words, it’s “Easy, automated, secure asset management.” — The Partnership. — Optim Finance, as the leader in the Cardano yield aggregation/asset management subset of DeFi, will rely on services provided by Ardana in order to ensure capital efficient and optimized revenue streams for its users. By having the utility to collateralize stablecoin loans with native assets, Optim’s users will now have ease of accessibility to high yield and in-demand stable assets with which to further extend its yield generation capabilities. Coupled with Danaswap’s highly efficient stable swaps, Optim vaults (asset pools deployed to automated yield strategies) will be able to leverage the Ardana ecosystem for optimal capital allocation through low friction native and stable asset trading on the Cardano network. Stableswap DEXs have a critical role to play within Optim vault multi-step strategies by powering some of the most important yield opportunities. Ardana will be an intermediary providing the capacity to both generate and swap a variety of stable assets. Stableswap ecosystems also enable lower risk optimized investment opportunities for the users by drastically minimizing impermanent loss. Optim will capitalize on this opportunity by providing native auto-compounding and leverage capabilities for Ardana vaults to maximize its own internal revenue streams. Additionally, Optim’s liquidity provider strategies within the Ardana protocol will be able to participate in their liquidity mining mechanism by staking their LP tokens in the Ardana Rewards Enhancement Module (AREM). Doing so will yield DANA rewards for Optim’s strategy vaults, which will further serve to unite both of our communities in governance and voting power together. These reward DANA tokens can then be locked in AREM to receive exDANA, which will yield further DANA tokens and governance power. We envision improvement proposal goals and philosophies within both protocols will converge over time in support and solidarity with each other, further strengthening Cardano’s DeFi ecosystem and their growing communities. Pre-launch, Ardana and Optim will be testing core infrastructure together that will enable seamless integration and interoperability when both protocols go live. Such infrastructure includes Optim’s ‘Inbox NFT for contract to contract interactions as well as ‘programmable escrows’ for executing multi-step strategies. Optim Finance and Ardana are excited to work together on a number of products and integrations that will enhance the mutual success and ecosystem growth as a whole. We look forward to further building Cardano DeFi together and having our communities benefit from the exciting opportunities this partnership will bring forth. — About Ardana. — Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Optim Partnership Announcement was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




Ardana is Partnering with Metadams!

Ardana Is Partnering With Metadams!Ardana x Metadams — The Partnership. — Today, we at Ardana are excited to announce our brand-new partnership with Metadams, a first-of-its-kind play-to-stake game built on Cardano! Metadams will build Ardana its own building on their mainstreet, making it Ardana’s first digital branch. As this partnership develops, we hope that it will manifest not only as a social gathering place for Ardanains and other interested parties, but also as a place where users will be able to interact with the Ardana protocol within Metadam’s world, just as if they were to visit an actual bank branch. — About Metadams. — Metadams is the “Play-to-Stake” metaverse on Cardano aiming to gamify staking. Their ambition is also to gather the best of the Cardano ecosystem into a single metaverse. A place to socialize, play and earn. To learn more, visit their official website: https://metadams.io — About Ardana. — Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers. Website | Twitter | Discord | Telegram | Whitepaper | Pitch Deck Ardana is Partnering with Metadams! was originally published in Ardana Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.




  DANA NEWS


Despite Rocky Beginnings with Hoskinson, Cardano Is Shaping Up to Have a...

    The Cardano blockchain ecosystem is one of the most exciting projects to currently follow, with new projects, advancements, and innovations being announced every single day. Yet, not everything that’s connected to this product is falling into a favorable light in the media. In fact, it has recently become apparent that those in-charge of Cardano might not be as honest as the public once thought. Charles Hoskinson, the creator and CEO of Cardano, has repeatedly tweeted about how he was enrolled in a Ph.D. program in Number Theory, but never finished it. However, crypto-journalist Laura Shin has recently brought to light, through interviews with Hoskinson’s undergraduate school and supposed Ph.D. program, that this isn’t actually the case. Hoskinson has never been involved in this Ph.D. program, with the university having no record of him. Equally disquieting is that it appears that Hoskinson never actually finished his undergraduate degree, further calling into question why he would lie about pursuing a Ph.D. program without actually progressing through a basic level of college. While Hoskinson has taken to Twitter to defend himself, after Laura Shin produced print screens of Hoskinson’s tweets where he explicitly stated that he attended a Ph.D. program, he has gone radio silent on this issue. It appears that the Cardano CEO is quickly trying to change the tides of conversation and have people forget about his public discrepancies. This once again calls... read More



Top 3 Cardano-Based Projects that are worth a look

    The Cardano Blockchain is gaining momentum among cryptocurrency-based project developers. Over the years, scores of projects have been built on one of the best blockchains in the cryptocurrency space. Below are three of the best projects on the blockchain that every cryptocurrency lover should check out: 1. Ravendex Before Ravendex came on board, cryptocurrency lending and borrowing were nonexistent. The exchange allows users to control their private keys, so they are responsible for their assets. The exchange operates via the Automated Market Maker protocol on the Blockchain, and thus, can accelerate the rate of trading assets at a predetermined rate on the Cardano Ecosystem. The decentralized exchange stands out from its peers. The project team explained that its primary goal is to make digital assets lending and borrowing possible on its dedicated platform. It uses the Alonzo Hard Fork to support this functionality as it allows smart contracts to deposit assets and earn interest in line with some pre-established rules. Users on the Ravendex exchange who desire to trade or swap native tokens on a credible platform are free to make their dreams come true on the platform. Thanks to its eUTXO architecture, Ravendex allows exchanges to pool liquidity. 2. Ardana Collateral is one of the backbones of Ardana, a decentralized exchange noted for leading the stablecoins campaign. Among other things, it’s a great place to ensure the security of stored value and ensure they don&r... read More



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