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Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns

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Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns



Ardana was barely a year into development after raising $10 million last year via a funding round led by now defunct crypto hedge fund, Three Arrows Capital, Cardano’s cFund and Ascensive Assets. The project was working on stablecoin minting and foreign exchange services, and aspired to be “the MakerDAO and the Curve Finance of Cardano.”



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I'm a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.