DeFi

Aada Finance Announces $25,000 In Bounty Ahead Of Mainnet Launch

Prior to the launch of its mainnet on September 13th, Aada Finance, Cardano’s first NFT lending and borrowing protocol, is holding a bug bounty competition.

Aada Finance Announces $25,000 In Bounty Ahead Of Mainnet Launch 3

The reward amount is $25,000 for a critical smart contract vulnerability, as was mentioned in a blog post. Aada Finance, a platform for lending digital assets, is getting ready to launch Aada V1 so that users can lend and borrow assets to one another using a unique non-fungible token (NFT) bond technique. This comes after months of public testnet use.

Aada Finance plans to go live before the Vasil upgrade, which is scheduled for September 22. Charles Hoskinson, the founder of Cardano, recently mentioned future Vasil in a tweet as something that would make it possible for new dApps to be launched.

Recent updates from IOG, Binance, MEXC, Bitrue, AAX, WhiteBIT, and BKEX, which make up 50% of the top 12 exchanges by liquidity, have signaled Vasil ready. Updates to the nodes are being made by Coinbase and the other three top-12 exchanges.

Aada Finance Announces $25,000 In Bounty Ahead Of Mainnet Launch 4

While other exchanges are currently updating their nodes, ten additional exchanges have confirmed that they are ready for Vasil. While others are still “in testing,” nearly 50% of the top Cardano dApps hold the “tested” designation in preproduction.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.