Main navigation

These 3 Cardano-Based Projects Are Crucial for Ecosystem, Here's Why

Mon, 12/12/2022 - 12:16
article image
Arman Shirinyan
Cardano is massive ecosystem with large number of actively developed projects, and some of them are crucial for its success
These 3 Cardano-Based Projects Are Crucial for Ecosystem, Here's Why
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Cardano is a massive ecosystem consisting of thousands of projects, and missing some of them is extremely easy, especially for community members who are not following the accounts of smaller projects.

DJED launch and DjedPay

DJED algorithmic stablecoin has been one of the most discussed projects on Cardano since the Luna catastrophe. Users separated into two camps: ones who believe algorithmic stablecoin backing is doomed to fail and those who believe that Cardano will handle the pressure that UST could not.

Scam Alert: Midnight Cardano Sidechain Honeypot Steals Users' Funds

In their most recent post, Djed developers released a screenshot of DjedPay, which is a payment solution that would be available after the launch of the stablecoin in January 2023.

Optim Finance's bonds

Previously, we covered the most recent launch of Optim Finance's decentralized yield products that included Liquidity Bonds and are upcoming in the future Strategy Vaults. Decentralized passive investment solutions are practically the backbone of the DeFi industry, which is expected to become the main growth fuel for Cardano in the future.

Cross-chain SpectrumLabs

The launch of the first eUTxO-based decentralized exchange would be a huge milestone for Cardano to reach, and the community's excitement confirms it. According to the official announcement, only 27% is left until the launch of Spectrum on Cardano mainnet.

Prior to the release on Cardano mainnet, the SPF token would be launched by Spectrum. Around the same period, users are expecting the launch of Yield Farming on Ergo. Spectrum's colleagues at Optim Finance have previously described the importance of DeFi industry development as their products are highly dependent on the number of active projects on the network and will not work without the active development of projects like SpectrumLabs.

article image
About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.