‘ADA Whale’ on Cardano: ‘An Insane Amount of Cool Stuff Is Coming’

TL;DR The popular and respected pseudonymous Cardano ($ADA) influencer “ADA whale” is excited about the launch of several projects in the Cardano ecosystem this year, including algorithmic stablecoin $DJED, fiat-backed stablecoin $USDA, stablecoin DEX TeddySwap, mobile app Book.io, decentralized banking protocol MELD, privacy blockchain Midnight, and interest rate protocol Liqwid.

On Wednesday (18 January 2023), popular and respected pseudonymous Cardano ($ADA) influencer “ADA whale” (“cardano_whale” on Twitter) said that there is “an insane amount of cool stuff” coming to Cardano and its ecosystem.

Try to avoid talking about Soon™ stuff on Cardano but just a reminder an insane amount of cool stuff is coming. Two of the most significant stable coin launches, top tier trading platform, eBook mobile dapps, privacy side chain, pooled lending, stable swap, Hydra, governance.. — ADA whale (@cardano_whale) January 18, 2023

And he is not exaggerating. Here are some of the projects — launching this year — that he is excited about:

Algorithmic Stablecoin $DJED

Check out our latest $Djed FAQ post below! We also plan on doing AMA's and other activities in the future. As usual, we will keep everyone updated!$Coti #Djed $Ada @CardanoStiftung https://t.co/Hfff4WcWPP — Djed Stablecoin (@DjedStablecoin) May 31, 2022

And yes, $Djed is still on track for launching THIS month 🚀 — Djed Stablecoin (@DjedStablecoin) January 14, 2023

After doing my podcast with @shahafbg, the founder of @COTInetwork, I'm very excited for $DJED to come to #Cardano.

We need a trusted stablecoin to diversify from $ADA. It's overcollateralized by at least 400% or you can't mint. It may reignite my interest in algo stables. — big pey (@bigpeyYT) January 17, 2023

Fiat-Backed Stablecoin $USDA

#EMURGO, the official commercial arm and a founding entity of the #Cardano #blockchain, announces the planned launch of its new U.S. Dollar-backed stablecoin, $USDA. USDA is the first fully fiat-backed, regulatory compliant stablecoin in the Cardano ecosystem. pic.twitter.com/PKOwpkdI0y — EMURGO (@emurgo_io) January 6, 2023

#CardanoCommunity, great feature of $USDA, it is a native asset. This means that there is no need to compute a smart contract when transferring it. ⁦@cardano_whale⁩ ⁦@CryptoIRELAND1⁩ https://t.co/Mq3yJqMEc8 — Chris O (@TheOCcryptobro) January 15, 2023

Stablecoin DEX TeddySwap

This is what “ADA Whale” said about this project on 7 January 2023:

“They’re a stable coin DEX launched by a well known team, will eventually grow into something more similar to Curve on Ethereum Much needed with launch of several more stable coins soon. Check out this thread by @SubcriticalTV“

I have been seeing a lot of questions about @TeddySwap so let's take a look at what's inside this Teddy Bear:

🧸What is TeddySwap?

🧸Is this similar to @MinswapDEX & @SundaeSwap

🧸When is the release date?

🧸Who is the team behind it?#CardanoCommunity #DeFi

🧵1/6 pic.twitter.com/mbZKhcDLu6 — Subcritical (@SubcriticalTV) January 5, 2023

Our 3rd development update is now live 🧸

Our backend API is now running on testnet and the StableSwap formula has been integrated in the pool contract 🔥

Full update below 🍯👇https://t.co/eF4oKcVbss pic.twitter.com/L1Rv78DK6o — TeddySwap 🧸 Stablecoin DEX on Cardano (@TeddySwap) January 14, 2023

Book.io Mobile App

New Twitter space starting now https://t.co/ZenTMLDcLd — Book.io (@book_io) January 11, 2023

Connect your hot wallet to the e-reader on https://t.co/AUvuA8Dmyu website or wait for the mobile app this month if all goes well. — Aerokrator (@aerokrator) January 13, 2023

Decentralized Banking Protocol MELD

⭐️#MELDTestnet Update⭐️

We have supply and borrowing functionality on the protocol working as expected 🥳🎉

Here’s a thread of on-chain addresses and transaction information on interactions we’ve performed:

💸💸 — MELD (@MELD_Defi) January 16, 2023

Confidentiality Platform Midnight

The team behind Cardano just announced a new privacy blockchain, Midnight.

🤨 What is Midnight?

🛠️ The problems it solves

👤 How it compares with Monero

🚪 Does it have a backdoor?

🧐 Concerns

🔮 Promises

Lets dive in! 🧵#Cardano $ADA #Midnight $DUST pic.twitter.com/ZQDjqkLaBk — Vanessa Harris (@technologypoet) November 19, 2022

Interest Rate Protocol Liqwid

Happy New Years Aquafarmers, we wish everyone success in leaps and bounds in the Year of the Water Rabbit💧🐇

As we progress through the Liqwid v1 security audit we wanted to share a checklist of the remaining tasks before mainnet launch. Have a read🤠https://t.co/tcjfXnOtm9 — Liqwid Labs💧 (@liqwidfinance) January 6, 2023

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