What's been going on with Cardano in 2022? CMCAlexandria and TheCoinPope1 take a look at the top DApps building on Cardano today.
SundaeSwap promises democratization of ownership and profits, efficient liquidity provision and the effective empowerment of Cardano's DeFi ecosystem. Given that its IDO has been delayed multiple times, these are lofty goals, which the exchange will have a hard time delivering on, especially as theyis a decentralized protocol that incorporates fiat loan capabilities into the crypto ecosystem.
Its services involve creating fairly standard financial products like undercollateralized debt positions with a loan-to-value ratio of 50%. Users can take out a loan worth 50% of their collateral value. If the LTV ratio reaches 85%, the collateral is liquidated, and the users receive their outstanding position minus a liquidation fee of 5%.
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