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, Cardanoโ€™s cFund and Ascensive Assets. The project was working on stablecoin minting and foreign exchange services, and aspired to be โ€œthe MakerDAO and the Curve Finance of Cardano.โ€

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