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Cardano (ADA) is Now Available on YouHodler

The YouHodler Team
July 28, 2021
A digital image says the text "cardano is here"

As of today, YouHodler supports Cardano (ADA) at YouHodler.com and in the YouHodler Android and iOS apps. YouHodler clients can now buy, sell, convert, store, earn interest on and multiply ADA via YouHodler’s various tools. ADA deposits and withdrawals are also available via the BEP-20 blockchain only with more options to come later. ADA is available in all YouHodler-supported regions. 

What is Cardano (ADA)?

Cardano (ADA) is a blockchain-based platform built on the proof-of-stake protocol called Ouroboros. The main benefit of Ouroboros compared to proof-of-work protocols is that transactions are validated without the high energy costs. 

Cardano is also unique in that it uses the Haskell programming language for development which Cardano says allows them to “pursue evidence-based development for unparalleled security and stability.” Facilitating the blockchain is the native token ADA, named after the famous 19th-century mathematician, Ada Lovelace. 

How to use Cardano (ADA) on YouHodler

Fans of YouHodler already know that Cardano has been the most popular coin request over the last several months. We’re extremely excited to finally announce this great news and thanks so much for your patience. 

Due to the innovative and advanced nature of Cardano, our developers can only offer deposits and withdrawals via the BEP-20 blockchain right now. However, our team is working hard to implement the Cardano blockchain into the YouHodler platform shortly. For now, please enjoy using ADA with the following features:

Crypto loans: Use ADA as collateral for an instant fiat, crypto, or stablecoin loan with LTV as high as 90%.

Savings accounts: Deposit ADA and earn 6% APR + compounding interest per year. 

Multi HODL: Capitalize on ADA’s volatility and multiply ADA in both bull and bear markets. 

“Turbocharge” loans: Use our “chain of loans” engine to clone your ADA.

In addition, all YouHodler clients can buy, sell and convert ADA right here on YouHodler without having to use another service. We aim to be your one-stop shop for all things ADA and beyond. 

For those still new to Cardano, we’ll be posting more information about it on our website so keep your eyes peeled for more content coming soon. 

YouHodler clients can sign up for a YouHodler account here to start using ADA today.

About the Author

The YouHodler Team is the collective mind of the platform. It's a hive of creativity and diversity in the form of one singular blog author. We are united as one.

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