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. A reminder that the project is currently having a token pre-sale that can be accessed via Cerra.io website. Stay tuned for more groundbreaking developments from Cerra.io
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