Anybody who has had to take out a loan knows that the process is often long and often includes humiliating strings attached to the loan. The current state of financial products is such that banks demand complete control over loans and those who take out those loans. ADALend is changing all of that. It is a decentralized platform that uses smart contracts to allow for decentralized crypto-lending and for the creation of financial products that can be controlled at the individual level. Share Token Operations in Liquidity Pools There are no requirements to meet in order to participate in the lending operation, and anyone can deposit any amount and receive the corresponding APY value set by the protocol in share tokens. Liquidity provision is an integral part of the platform, which will function with internal and external oracles to establish the dynamic rates for liquidity pools. The redeem operation is the process of converting share tokens into their underlying token counterparts. During this procedure, share tokens are burned, and the underlying token is returned to the user, completing the transaction. At this point, the underlying tokens have already grown in value as the value of the share token increases over time. The repayment operation is responsible for paying back the borrowed money as well as any interest that has accrued. If the payback amount is less than the amount to be repaid, the borrowing amount is removed fr...
