Ardana is working with NEAR to build the Cardano Bridge
Ardana, the first integrated StableQueen ecosystem based on Cardano, is partnering with NEAR to build a bridge that enables the free flow of assets between Cardano and NEAR.
By connecting Cardano and NEAR and supporting project integration in both ecosystems, Ardana enables token transfer between the NEAR and Cardano blockchain
Finally, $ NEAR will also be available as an asset in Cardano and can be used as collateral for the StableQueen miner in Ardana.
“At NEAR, we’ve always believed the future of blockchain is multi-chain. A world whereby each blockchain could seamlessly talk and exchange data between one another. Ardana shares that vision, and integrations like this help realize that goal,” said Erik Trautman, NEAR Foundation CEO.
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Ardana is a decentralized stable coin hub built on the Cardano network. While Ardana (DANA) is its governance token, it will use dUSD as verified on-chain collateral to enable borrowers to take leverage on their Cardano (ADA) or other supported assets.
Thanks to its bridge with the Near protocol, Cardano users will soon be able to transfer assets from Cardano to Near and vice versa. The NEAR (NEAR) will also soon be available as an asset on Cardano. NEAR will serve as collateral on Ardana to mint stable coins.
Future Perspective Scope
It would also make the lives of developers much easier and the developer community in each network would be able to work together to build more applications on top of either network with the knowledge that these could be inter-operable and hence available to a much wider userbase in due course of time. Other networks are also working on such bridges but this needs to grow much further and the process also needs to become much smoother and reliable to make this transition and transfers easier.
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that acts as an on-ramp for billions of people to access the next generation of the web.
NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Join NEAR’s community:
Website : https://near.org/