Adadao Pre-Prod Testnet v1.0 is Live

Adadao, a decentralized stablecoin platform built on Cardano, is excited to announce the release of its first testnet version, which is now live at This testnet provides users with the opportunity to test and provide feedback on the platform’s key features including-

  • Stablecoin issuance ($AUSD).

The feedback received during this testing phase will be used to improve the platform further before its mainnet launch.

How to Participate

Although this testnet was originally designed for internal and exclusive testing purposes, we have decided to release it to the public at the request of our community. This will allow the community to gain insight into our development process and evaluate their experience with the Adadao protocol. We have already published a comprehensive user guide in a previous Medium article, which can be accessed here.

To facilitate testing, we have created 20 PAB-based user accounts. We have provided a detailed list of users, their login credentials, associated Cardano wallets, passphrases, and other relevant information in a Google sheet, which is available below.

Testnet website link — Website.

User login credentials — Link.

System script addresses — Link.

Note- Your cooperation is crucial to the success of this testnet. If you encounter vault has already been created after log in using one of provided credentials, it means that another user is already working with that credential. In such cases, we kindly ask that you try another set of credentials that have not yet been associated with a vault.

Additionally, we kindly request that, once you have completed your testing, you settle any debts and close the vault before logging out. This will ensure that other users can begin their testing with the same credentials, without the risk of overriding the work of previous users.

Adding test ADA

If you come across this error while creating the vault, it indicates that you do not currently possess tAda (Test Ada) in your user wallet. In order to continue protocol testing, you will need to add test Ada to your wallet. The corresponding wallet address for each user can be found on the user credential sheet.

You can get test Ada from Cardano testnet faucet.

Please make sure to select environment as Preprod Testnet and provide wallet address in address textbox.

Limitations of testnet

It is essential to understand that this is the first version of the testnet, which has some limitations and shortcomings.

  • very limited number of users due to the use of PAB and Cardano wallet. Running more PABs requires a high server usage, as PABs cause significant memory leaks. Due to the limited number of users, there may be multiple individuals testing the testnet with the same login and password, which could override previous executions.

What’s next?

By the time we were developing the protocol , tools for working with light wallets on testnet were not available, and consequently, we utilized PAB and Cardano native wallet. However, a solution has since emerged on Cardano, which will enable us to remove PAB and Cardano wallet from the app, and instead, allow it to function with browser wallets such as Nami. Our next step is to launch testnet v2.0 with browser-based wallets, which will make the Dapp more scalable and user-friendly. We have already commenced work on this, and we will provide regular updates on this development in our weekly technical reports.

We cordially invite users to join our testnet and contribute to the development of the future of Stablecoins.

The Adadao team is committed to providing a secure and decentralized Stablecoin platform for users, and we eagerly anticipate your involvement in our testnet.


We highly value your input and would greatly appreciate your feedback. Please take a moment to share your thoughts and suggestions with us by clicking on this link. Thank you for taking the time to help us improve our product.


ADADAO ($ADAO) is a decentralized finance (DeFi) protocol on the Cardano blockchain that enables the creation of fully collateralized stablecoins, utilizing Native Cardano Assets. ADADAO operates as a Decentralized Autonomous Organization (DAO). The protocol features a unique design, incorporating the following key attributes:

  • It is interest-free. Once the user pays a one-time fee for protocol usage, they may keep the loan as long as the collateral is maintained.

What problems does ADADAO solve?

To date, there are no on-chain collateralized stablecoins on the Cardano blockchain. Moreover, current protocols on other blockchains require users to pay high interest rates on borrowed assets, resulting in substantial risks in leveraging. The liquidation process is often unclear and involves an internal auction mechanism, which obligates protocols to initiate liquidation at a higher liquidation ratio to compensate for the uncertainty in realizable value.

ADADAO Official Socials

To find out more about the project and keep up with its latest developments, follow their official channels.

Website | Twitter | Telegram | Medium



World's first interest free stablecoin protocol

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