Cardano is ready for defi?

IOHK, the company behind the Cardano, and the ADA token, just tweeted about Liqwid and their good chance to raise 250k USD worth of support from the Project Catalyst. This initiative is a kind of community incubator fund, for Cardano-based projects. Liqwid is a defi-protocol, which could be starting with community funding, not like the majority of Ethereum-defi, which is mostly venture capital fueled.

Defi growing slowly but steady, even if the noise isn’t so big like in the summer. The code of Cardano still does not support the smart contracts on the main net, but there are many teams, waiting for the initial spark.