Ardana Receives Strategic Funding from cFund
Summary
Anchored by IOG/Charles Hoskinson and managed by Wave Financial, an SEC-registered investment advisor with ~$1 billion of AUM, cFund is an early-stage, sector agnostic venture fund that invests in innovative technology companies building Cardano-based apps, services, and products or deploying on other IOG R&D initiatives. Our talented team of developers and engineers are building a unique DEX on Cardano that will act as an infrastructural point within its own niche. Ardana’s DEX will provide users with the most efficient way to swap between stable assets, dramatically reducing slippage on large trades. For users, having access to highly efficient stable asset liquidity is very important for any projects building on Cardano. Ardana is an on-chain asset-backed stablecoin protocol and decentralised exchange stable asset liquidity pool built on Cardano.