Ardana is a stablecoin hub on Cardano that brings the necessary DeFi primitives to bootstrap and maintain any economy. It offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is backed by on-chain collateral, allowing borrowers to leverage their ADA or other supported assets. The DEX is a highly capital efficient exchange that enables swaps with minimal slippage and fees, while providing low-risk yield opportunities to liquidity providers.

The utility and governance token of the Ardana ecosystem is called $DANA. It provides stakers with access to a share of the fees from Ardana and allows token holders to vote on changes to the project's parameters.