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Leading Cardano stablecoin project shuts down after excruciating launch delays

On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing "funding and project timeline...
Leading Cardano stablecoin project shuts down after excruciating launch delays Leading Cardano stablecoin project shuts down after excruciating launch delays
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On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing "funding and project timeline uncertainty." The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs "until another competent dev team in the community comes forward to continue our work."

The move came as a shock to many due to the sudden nature of the announcement. However, it appears that issues were already present for some time. Beginning July 4, Ardana has held an ongoing initial stake pool offering, or ISPO, to fund its operations. Unlike traditional fundraising mechanisms, developers do not receive the ADA delegated by users, but instead, the staking rewards. Users are incentivized to keep delegating by receiving the native DANA tokens as a reward.

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28-11-2022 12:31:46 (UTC+7)

EUR/USD

1.0351

-0.0044 (-0.42%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/USD

1.0351

-0.0044 (-0.42%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Buy (1)

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GBP/USD

1.2052

-0.0042 (-0.34%)

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↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

USD/JPY

138.46

-0.63 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

AUD/USD

0.6681

-0.0068 (-1.01%)

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↑ Sell

Moving Avg:

Buy (0)

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USD/CAD

1.3454

+0.0077 (+0.58%)

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↑ Buy

Moving Avg:

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Sell (0)

EUR/JPY

143.32

-1.27 (-0.88%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

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EUR/CHF

0.9797

-0.0029 (-0.30%)

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↑ Sell

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Buy (0)

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Buy (0)

Sell (7)

Gold Futures

1,749.40

-4.60 (-0.26%)

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↑ Sell

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Sell (12)

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Buy (0)

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Silver Futures

21.215

-0.215 (-1.00%)

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Sell (12)

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Buy (0)

Sell (7)

Copper Futures

3.5580

-0.0725 (-2.00%)

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Sell

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Crude Oil WTI Futures

73.97

-2.31 (-3.03%)

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Neutral

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Brent Oil Futures

81.22

-2.49 (-2.97%)

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Neutral

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Natural Gas Futures

7.238

-0.092 (-1.26%)

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US Coffee C Futures

164.40

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Buy (0)

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Euro Stoxx 50

3,962.41

+0.42 (+0.01%)

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Sell (2)

S&P 500

4,026.12

-1.14 (-0.03%)

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Neutral

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DAX

14,541.38

+1.82 (+0.01%)

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Sell (2)

FTSE 100

7,486.67

+20.07 (+0.27%)

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Indicators:

Buy (6)

Sell (1)

Hang Seng

17,156.00

-417.58 (-2.38%)

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Moving Avg:

Buy (0)

Sell (12)

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Buy (0)

Sell (8)

US Small Cap 2000

1,869.19

+6.37 (+0.34%)

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↑ Buy

Moving Avg:

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Sell (0)

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Sell (2)

IBEX 35

8,416.60

+37.20 (+0.00%)

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Sell

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Sell (6)

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Sell (6)

BASF SE NA O.N.

49.605

-0.280 (-0.56%)

Summary

Neutral

Moving Avg:

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Sell (3)

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Bayer AG NA

55.45

-0.06 (-0.11%)

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Sell

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Allianz SE VNA O.N.

205.35

+0.40 (+0.20%)

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↑ Buy

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Buy (8)

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Adidas AG

123.98

-2.68 (-2.12%)

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Neutral

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Deutsche Lufthansa AG

7.567

+0.036 (+0.48%)

Summary

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Siemens AG Class N

132.06

+1.10 (+0.84%)

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Moving Avg:

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Deutsche Bank AG

10.390

+0.020 (+0.19%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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    EUR/USD 1.0351 ↑ Sell  
    GBP/USD 1.2052 ↑ Sell  
    USD/JPY 138.46 ↑ Sell  
    AUD/USD 0.6681 ↑ Sell  
    USD/CAD 1.3454 ↑ Buy  
    EUR/JPY 143.32 ↑ Sell  
    EUR/CHF 0.9797 ↑ Sell  
    Gold 1,749.40 ↑ Sell  
    Silver 21.215 ↑ Sell  
    Copper 3.5580 Sell  
    Crude Oil WTI 73.97 Neutral  
    Brent Oil 81.22 Neutral  
    Natural Gas 7.238 ↑ Sell  
    US Coffee C 164.40 ↑ Sell  
    Euro Stoxx 50 3,962.41 ↑ Buy  
    S&P 500 4,026.12 Neutral  
    DAX 14,541.38 ↑ Buy  
    FTSE 100 7,486.67 ↑ Buy  
    Hang Seng 17,156.00 ↑ Sell  
    Small Cap 2000 1,869.19 ↑ Buy  
    IBEX 35 8,416.60 Sell  
    BASF 49.605 Neutral  
    Bayer 55.45 Sell  
    Allianz 205.35 ↑ Buy  
    Adidas 123.98 Neutral  
    Lufthansa 7.567 ↑ Sell  
    Siemens AG 132.06 ↑ Buy  
    Deutsche Bank AG 10.390 ↑ Buy  
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SJC Eximbank6,640/ 6,710
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Cập nhật 28-11-2022 12:31:49
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ↀ Giá vàng thế giới
$1,750.95 +0.01 0.00%
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Sản phẩm Vùng 1 Vùng 2
RON 95-V24.91025.400
RON 95-III23.78024.250
E5 RON 92-II22.67023.120
DO 0.05S24.80025.290
DO 0,001S-V26.78027.310
Dầu hỏa 2-K24.64025.130
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WTI $74.02 +2.09 2.74%
Brent $81.21 +2.23 2.67%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.580,0024.850,00
EUR24.959,9426.355,23
GBP29.041,9330.277,62
JPY173,62183,79
KRW15,9719,46
Cập nhật lúc 12:12:23 28/11/2022
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