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, Cardano ( $0.25 ) ’s cFund and Ascensive Assets. The project was working on stablecoin minting and foreign exchange services, and aspired to be “the MakerDAO and the Curve Finance of Cardano ( $0.25 ) .”