ADALend provides unprecedented access to credit for those overlooked by the traditional banking system and delivers high returns for investors. The platform's tokens are being launched these days.

Kaspars Koskins, CEO of ADALend, answered questions about their projects.

  • For those new to decentralized finance and crypto (or Web3), can you briefly describe ADALend?

We develop a scalable, reliable and decentralized lending protocol that hosts users in a self-governing environment. From day one, we decided to build natively on the Cardano Blockchain, which will enable the lending platform to bundle protocols that support business models that provide economic support to billions of users.

ADALend will restore the balance of power between lenders and borrowers. By allowing digital assets to be used as collateral, the use of the platform will be diversified for the benefit of the user.


  • Can you tell us a little more about why you chose Cardano Blockchain when there are successful DeFi projects built on Ethereum and new blockchains like Solana for example?

Of course, let me start by explaining that Ethereum is no longer available to most people in the world due to high transaction costs. Gas fees on Ethereum reached hundreds of dollars per transaction last year. This would be unacceptable to ordinary people in the western world today, but for the millions of unbanked people in the developing countries of Africa and Asia, this renders ETH useless as they transact with much smaller amounts. Because of this, Ethereum has become a layer-2 blockchain for the rich, and the new networks you mention like Solana have issues with centralization and reliability. Cardano is the only truly decentralized Blockchain with the security, speed and low transaction fees required to provide a truly democratic financial solution that can be used by every human being in the world. And our vision is in perfect alignment with the passionate Cardano founder, Charles Hoskinson. Our aim; improving financial outcomes for people around the world, regardless of race, nationality, gender or financial status.

  • We are lucky to have projects like Cardano and platforms like ADALend that can make this vision of democratic inclusion a reality. Many of our readers are executives, professionals and small business owners who manage their own portfolios. He wonders how they can protect their capital and earn a good return in this hyper-inflationary environment where interest rates are so low. People are seeing their savings fall in real terms due to the macroeconomic environment in which we find ourselves today in the US, Europe and many other parts of the world. How can these middle-class, hard-working people benefit from ADALend?

This is the other side of things, right? One of my personal inspirations for founding ADAlend was working in the traditional retail credit space in my home country of Estonia in northern Europe. That people could not get a favorable interest rate in banks; I have seen firsthand that they are genuinely worried about their future, as prices and the cost of living are rising much faster than salaries. Since the Federal Reserve in the USA and the European Central Bank in the EU set the interest rates, the banks' hands are tied. I started exploring Decentralized Finance (DeFi) as a way to earn a return on my own family's savings, which brought us here today.

Our commitment to ADALend lenders is to provide a secure lending platform where they can stake and earn high returns their hard-earned savings in Cardano (ADA) or ADAlend (ADAL) tokens or stablecoins like USDT, USDC. The ADALend platform is highly liquid with no long-term deadlocks, so our lenders; As long as their crypto is “stacked” on the platform, they will earn interest and can withdraw it at any time.

The other side is for borrowers – many small business owners, entrepreneurs, and self-employed people may find it difficult to borrow money from traditional banks to buy a car, prepay for a home, invest in their business, or fund a dream vacation. At ADALend we don't do credit checks and we don't care about salary history. Traditional banks and lenders do not accept digital assets as collateral. We will provide borrowers with an over-collateralized loan facility where they can stake Bitcoin, Cardano or any other major cryptocurrency, and we will lend US dollars or euros for their holdings. This will provide significant liquidity to a large number of hardworking professionals and self-employed people who were previously ignored by banks. Meanwhile, this type of over-collateralized debt has been used by the largest 1% of the world's wealthy people to finance their lifestyles and investments, and to optimize tax for decades. ADALend brings these financial solutions, once the privilege of the rich, to everyone.

cardano ada-2

  • Let's talk about partnerships, investors and technology. I understand DeFi and CeFi (central finance) was a very competitive space, especially before your First Dex Offering (IDO) in March 2022, but what can you share with all our readers?

Absolutely – from other new projects building DeFi on other Blockchains and CeFi incubators like BlockFi this space is getting more competitive by the day, so we need to be selective about what we can uncover. However, I can share some information with you today:

On the technology side – by leveraging the Cardano Blockchain, ADALend will be able to leverage the vast digital cash management market. ADALend opens up the potential of blockchain-powered liquidity by creating a technology that allows anyone to roll over their digital currency and make it available for a loan. We aim to stay in Cardano in everything we do. We are building the platform using Haskell and Plutus and working within the current limitations of Smart Contracts on this Blockchain.

On the partnership side – Input-Output Hong Kong (IOHK) has listed ADALend in its “Essential Cardano List” of projects that are considered part of the ecosystem that provides and supports Cardano users with products and services. We're also listed on, and I know our Business Development team is working hard on a few exciting partnerships that we'll announce in February that will truly change the business, so follow us!

On the financing side – As our lead investor, we were delighted to receive a highly respected venture capital venture from Moonwhale Ventures and our private sale is almost closed. As in many projects, we do not want to prefer venture capitalists to individual investors, so we are in a very good position financially and we are more selective about who we get funding from. We also reserve a good allocation of ADAL tokens for our community.