Ardana Partners with NEAR To Build Cardano BridgeArdana, the first all-in-one stablecoin ecosystem built on Cardano is partnering with NEAR to build a bridge that will allow assets to flow freely between Cardano and NEAR.
By connecting Cardano and NEAR and supporting integrations between projects on both ecosystems, Ardana will enable token transfers between the NEAR and Cardano blockchains and, later on, enable cross-chain smart contract functionality. Eventually NEAR will also be available as an asset on Cardano, and it will be usable as collateral on Ardana to mint stablecoins.
About ArdanaArdana is Cardano’s stablecoin hub which will bring 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.
https://medium.com/nearprotocol/ardana-partners-with-near-to-build-cardano-bridge-5097eedb1a8b