In an effort to create a transparent and vibrant community around the project that goes beyond cryptocurrency and connects the two largest financial sectors, the Ardana project, Cardano’s stablecoin hub and the creator of the $dUSD stable coin, announced on Thursday, September 29, 2022, that it has open sourced its code.
The Ardana project announced on Twitter on Thursday that they have made their code available for public access on GitHub under the name “Ardana Open Source Track,” adding that it is a natural extension of their commitment to transparency.
By being transparent about its development process through the Ardana Open Source Track, Ardana aims to interact with its users, give back to the community, and earn the trust of its users. This is because they believe that doing so will make it easier for them to develop and attract more developers to their project and enable them to see what problems they can solve using Ardana codes.
Furthermore, Ardana believes that open sourcing their codes will allow them to have better quality codes and more frequent updates as more developers become involved with their codebase, as well as give developers the freedom to use their codes to build their products, saving them significant time and assisting the entire ecosystem in growing at a faster rate. Ardana in a medium post stated:
Open source promotes transparency, which allows our users to see what we’re doing and how we’re doing it. It also gives them the freedom to choose how they want to interact with our project. They can contribute code or documentation, report bugs and help triage them, provide feedback on usability and style, write tutorials or blog posts about Ardana.
Ardana is a Cardano stablecoin hub that provides the essential Dentralized Finance (DeFi) primitives to Cardano to bootstrap and sustains any economy on Cardano. It offers an on-chain stablecoin backed by an excess on-chain collateral and a decentralized stable asset DEX. This highly capital-efficient exchange allows swaps with little slippage and gas fee.