ADALend is a revolutionary lending protocol on Cardano that is governed by the community. It aims to address several key problems in the financial market. These include lower transaction and contract fees, higher transaction speeds, better code security and robustness, the use of multiple oracles, and an environment-friendly approach.

In the current ecosystem, ADALend plays a crucial role as the Aave of the Cardano ecosystem. It is a scalable, trustless, and decentralized lending protocol that operates within a self-governed environment. By building natively on the Cardano blockchain, ADALend can aggregate protocols that support business models benefiting billions of users.

ADALend's primary objective is to bring back the balance of power between lenders and borrowers. It achieves this by allowing the use of digital assets as collateral, which diversifies the platform's usability and benefits users.