Despite its promises, work on Ardana, a decentralized finance project built on Cardano, has ceased. This information was included in the group’s 24 November release. After raising $10 million in a funding round last year led by the now-defunct crypto hedge firm Three Arrows Capital, Ardana was in development for a year. Other participants in the funding round included Cardano’s cFund and Ascensive Assets. Before it was canceled, the project was developing stablecoin minting and currency conve...
