ADALend CEO Kaspars Koskins : “We Are Building a Secure Lending Platform on Cardano”

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Casparis Coskins’ interview series begins with the CEO of ADALend, one of the most promising companies revolutionizing the lending industry by using blockchain technology to strip out traditional intermediaries – providing unprecedented access to loans to those ignored by the traditional banking system and providing high returns to investors in A constantly low interest rate environment. I hope you’re as excited about this conversation as we are, so let’s move on.

Q: Hi Kaspars, we know you’re a busy man these days with the public launch of ADALend lending platform and token this quarter, but thank you for taking the time to talk to us today. Let’s start on a very high note – can you give us a promotion for ADALend that are new to finance and decentralized cryptography (or Web3 as they call it these days!).

Koskins: It’s a pleasure to be here and I’m happy to share with your audience a little bit more about what we’re building at ADALend and how they can get involved but first let me try to summarize our mission in general terms.

We are developing a scalable, reliable and decentralized lending protocol that houses users in an autonomous environment. From day one, we have committed to building natively on the Cardano blockchain, which will enable the lending platform to aggregate protocols that underpin business models that provide economic support to billions of users.

ADALend will restore the balance of power between lenders and borrowers. By allowing the use of digital assets as collateral, the use of the platform will be diversified for the benefit of the user.

Q: Thank you for that – can you tell the audience a bit more about why you would choose the Cardano blockchain when there are already successful DeFi projects built on Ethereum and new blockchains like Solala for example?

Coskins: Sure, let me start by explaining that Ethereum is no longer usable by the majority of people on Earth due to the high transaction costs. Gas fees on Ethereum have reached hundreds of dollars per transaction over the past year. This would be unacceptable to ordinary people in the western world today but for the millions of unbanked people in developing countries in Africa and Asia, this renders ETH useless as they need to lend and narrow down much smaller amounts. Thus, Ethereum has become a Layer 2 blockchain for the wealthy, and the newcomers you mentioned such as Solana are facing issues with centralization and reliability. Cardano is the only truly decentralized blockchain with the requisite security, speed, and low transaction fees required to provide a truly democratic financial solution that can be used by every human on the planet – and our vision is fully aligned with Cardano Charles Hoskins who is passionate about improving financial outcomes for people around the world, regardless about race, nationality, gender, or financial status.

Q: Thank you, those are really powerful words Kaspars, and we are fortunate to have projects like Cardano and platforms like ADALend that can bring this vision of democratic inclusion into reality.

In addition to a mission to do good in the world, many of our readers are CEOs, professionals, and small business owners who are managing their own portfolios and wondering how they can conserve their capital and earn a good return in this hyperinflationary environment at interest rates that are extremely low. People are seeing the retirement nest egg or college kids fund going down in real terms because of the frankly crazy macroeconomic environment we find ourselves in today in the US, Europe, and many other parts of the developer world. How can these hard working middle class people benefit from ADALend?

Coskins: Well, that’s the other side of the coin, right. One of my personal inspirations for founding ADAlend was that I was working in my native Estonia in Northern Europe in the traditional retail lending space and with credit union savings. I saw firsthand how people were unable to get a decent interest rate in the banks and were really worried about their future because prices and the cost of living were rising much faster than salaries. Banks’ hands are tied as interest rates are set by the Federal Reserve in the United States and the European Central Bank in the European Union. I started exploring Decentralized Finance (DeFi) as a way to earn a return on my family’s savings, which has led me down the rabbit hole and brought us here today.

Our commitment to ADALend Lenders is that we will provide a safe secure lending platform where they can utilize their hard earned savings in Cardano (ADA), ADAlend Token (ADAL) or form stable coins like USDT or USDC and earn the market – return multiplied by it in percentages High consisting of one digit or less than two digits. The ADALend platform is highly liquid with no long-term lock-ins, so lenders will earn interest while their savings on the platform are “frozen” and can withdraw at any time.

Borrowers’ flip side – Many small business owners, entrepreneurs and self-employed people can find it difficult to borrow money from traditional banks to buy a car, make a down payment on a home, invest in their business or finance a dream vacation. At ADALend, we do not run credit checks and do not care about salary history. Traditional banks and lenders do not recognize digital assets as collateral. We will provide collateral lending facility to these borrowers where they can buy their digital assets such as Bitcoin, Cardano or any other major cryptocurrency and we will lend them USD or EUR for their holdings. This will provide significant liquidity to a large number of hard-working and self-employed professionals that were previously neglected by banks. Incidentally, the top 1% of the world’s wealthy have used this type of lending with collateral for access to finance their lifestyles, investments and tax optimization for decades. ADALend now brings these financial solutions to everyone who was once the privilege of the wealthy.

Q: That’s a really noble goal – and I’d love to see that you’re helping the middle classes like us as well as the poorest people in the world.

Let’s talk about partnerships, investors, and technology. I understand that DeFi and CeFi (central finance) are a very competitive space, especially ahead of the DEX Initial Offer (IDO) in March 2022, but what can you share in this area without all of our readers signing a non-disclosure agreement?

Koshkins: Absolutely – you nailed it in the head, the space is getting more competitive every day with other new projects building DeFi on other blockchains and CeFi companies like BlockFi so we need to be selective about what we disclose. However, I can share some thoughts with you today,

On the technological side – by utilizing the Cardano blockchain, ADALend will be able to tap into the vast digital cash management market. By creating technology that allows anyone to delegate their digital money and make it available for a loan, ADALend unlocks the potential of blockchain-powered liquidity. We aim to be Cardano authentic in everything we do, build the platform using Haskell and Plutus, and operate within the current constraints of smart contracts on the blockchain.

On the partnership side, Input-Output Hong Kong (IOHK) has included ADALend in its “Cardano Core List” of projects that are part of the ecosystem that supports and provides Cardano users with products and services. We’re also listed on and I know our business development team is working hard on several exciting partnerships we’ll be announcing in February that will really move the needle, so watch this space!

In terms of financing, we were pleased to have a well-respected venture capital from Moonwhale Ventures as our lead investor, and our private sale is nearly complete. We are now in a very good position financially and are more selective about who we take the financing from, because we don’t want to favor venture capitalists over retail investors as many projects do. We keep a good allocation of ADAL tokens to our community as well.

Q: This is excellent news Casparas – I hear often that new crypto ventures provide huge allocations to venture capitalists who then go into retail. It looks like you are becoming more inclusive in ADALend and providing excellent opportunities for accredited small and medium investors to gain access to private sales that were previously the preserve of elite venture capitalists, as an experienced small investor, I salute you!

I have to say, after our discussions today, I’m very eager to get involved and I’m sure our audience is too. Where can they learn more about private selling and public IDO launches and how to get involved?

Coskins: Thank you for the kind words and thank you for the conversation today – I really enjoyed it and sometimes I still have to push myself when I realize how far we’ve come in the last year! Sure, we’re in the final stages of our private sale now, so if you or your readers would like to apply for ADAL tokens, you can send an email to with the subject line “CEO Interview” and I’ll make sure that Our special sales team responds to it as quickly as possible. You can find more details on our website

Q: Thank you for your time Caspars, I will be back in the building.

Coskins: It is my pleasure, and I will take this opportunity to wish you and your readers a prosperous and profitable year!

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