Cerra.io is leading the way in creating passive income opportunities on Cardano’s decentralized platform.

Despite launching their decentralized application only a month ago, the team's momentum remains unwavering. They have formed new partnerships and introduced...

Since the launch of their decentralized application just a month ago, the momentum has not wavered. The team has forged new partnerships, introduced additional products, enhanced user experience, and is in progress of conducting a thorough smart contract audit. The Cerra.io team is on an unwavering trajectory of advancement.

P2P-Lending Smart Contract Audit:

The live deployment of the product just before Christmas 2023 was strategically timed. Cerra stands out as a lending option by utilizing in-house-developed decentralized oracles and an ADA-USD feed from Orcfax, a decentralized oracle protocol on Cardano. While these features emphasize innovation, the paramount importance of security and flawlessness led the team to seek a third-party auditor. Enter Tweag, a leading auditing firm with a wealth of experience, ensuring the integrity and security of the product. Tweag has an impressive track record, conducting audits for projects inside Cardano, like Minswap, GeniusYield, GeroWallet, and many others. Cerra.io surely puts out a statement on the importance of having a secure platform.

Development Updates:

In the dynamic world of cryptocurrency, “DePIN” has become a buzzword – decentralized physical infrastructure networks are blockchain protocols that build, maintain, and operate infrastructure in the physical world in an open and decentralized manner. DePINs use cryptocurrency tokens to incentivize the building of real-world infrastructure. Cerra.io seized the opportunity presented by Iagon, a Cloud Computing Platform within the Cardano ecosystem, becoming the first dApp on Cardano to utilize decentralized storage via Iagon at cerra.iagon.net. Additionally, substantial UX improvements, such as order filtering, faster loading times, live blockchain querying, and an enhanced create order wizard, have been implemented to elevate the user experience.

AMM Swap:

As a hub for Passive Income DeFi, Cerra.io doesn’t settle for a single product. The team is excited to announce an upcoming release, AMM Swap, scheduled for launch before the end of Q1 2024. The Swap is bringing in a status quo to existing options, with new out-of-the-box features. This addition aims to boost liquidity, drive product adoption, and increase fee generation, with a commitment to providing the lowest trading fees in the market. All resulting fees will be split with the valued CERRA token holders. This journey is marked by continuous innovation, and Cerra.io is thrilled to push for more progress and innovation along the way.

In conclusion, Cerra.io stands at the forefront of the Cardano ecosystem, shaping the landscape of Decentralized Passive Income with unwavering commitment and constant innovation. From strategic partnerships and robust security measures to pioneering the use of decentralized solutions and introducing new products like AMM Swap, the journey is marked by progress. As the team continues to push boundaries and enhance user experience, remember to check out the project’s ongoing token pre-sale on the Cerra.io website. Stay tuned for more groundbreaking developments from Cerra.io!

Disclaimer: The text above is a press release that is not part of Blocking.net.com editorial content.

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Q&A

Q: What makes Cerra.io different from other lending options?

A: Cerra.io stands out by utilizing in-house-developed decentralized oracles and an ADA-USD feed from Orcfax, a decentralized oracle protocol on Cardano. Not only does this emphasize innovation, but it also ensures the highest level of security and flawlessness by undergoing a third-party audit conducted by Tweag, a leading auditing firm.

Q: What are DePINs and how does Cerra.io utilize them?

A: DePINs, or decentralized physical infrastructure networks, are blockchain protocols that operate real-world infrastructure in an open and decentralized manner. Cerra.io became the first dApp on Cardano to use decentralized storage via Iagon, a Cloud Computing Platform within the Cardano ecosystem. By leveraging DePINs, Cerra.io incentivizes the building of real-world infrastructure.

Q: What can we expect from the upcoming AMM Swap on Cerra.io?

A: The AMM Swap is set to launch before the end of Q1 2024. It will bring new and innovative features, aiming to boost liquidity, drive product adoption, and generate fees. Cerra.io is committed to providing the lowest trading fees in the market and will share these fees with CERRA token holders.