According to Edickson Aguilera, owner of a Cardano stakepool and Cardano ambassador in Venezuela, smart money is very interested in the project.
Due to a recent note about Cardano, Cointelegraph has spoken to Edickson Aguilera, ambassador of the Cardano Foundation in Venezuela and owner of a Hispanic stake pool in Cardano called Bless, so that he can tell us from his perspective how he observes or evaluates the current development of the network.
According to Edickson, the Cardano Blockchain has a rapidly growing development of projects; in fact, he mentioned to us that the network already has almost a thousand projects in development, of which several have already been launched, with the Catalyst support.
On the other hand, Edickson described Cardano as “a rocket about to take off” since he confirmed the growth in the number of new active wallets, which according to his criteria is due to the great interest in Cardano, especially – he said – from the smart money, which he hopes people wait patiently.
The Reality of the Price
Edickson talked about the price of ADA, which he considers is causing a lot of controversy and disappointment for many. “This current price is a consequence of not meeting the expectations of many. There are many people who believed that an ecosystem like the one being developed in Cardano would be ready overnight and that the price was going to grow a lot but not this is how it takes time to do things right, that’s why Cardano is a long-term project,” Edickson mentioned.
“Although it is true that the price is also very affected by external factors such as war, the global economic crisis among other things. If we see well Cardano has many good fundamentals to have a higher price but it is not like that now. I think that The Vasil hard fork will mark a before and after in the Cardano ecosystem and its price will most likely rise, although considering all external factors and depending on how they behave, it could rise a lot or a little, so be patient,” he added.
Decentralization or Centralization?
Edickson also referred to decentralization, highlighting that Cardano remains one of the most decentralized networks in the world. However, he explained that decentralization has slowed down a bit due to pool and factor farms.
“Although it is an issue that currently seems to be neglected, the truth is that there are proposals from the community to support decentralization. On the other hand, IOG has plans to improve certain aspects that centralize the network, the truth is that for now, it is not the priority, as they need to scale the network first,” he explained.
Regarding pool farms, Edickson shared a proposal to encourage delegators to choose smaller pools to help with decentralization even if they give up profits. “I think the best thing that could be done is to create a mechanism so that delegators have the opportunity to get much more rewards by delegating to a single pool than exchanges or farms, and that future project ISOs only support small pools that are not farms,” he said.
Decentralized Finance on Cardano
Regarding Defi on Cardano, Edickson stressed that it has had drawbacks such as network congestion, but ultimately it has been seen -he says- that people are embracing Defi on Cardano in a better way and that is evident in the growth so rapid growth of Total Value Locked (TVL) on the network despite few Dapps. “Ultimately we are the fastest growing network in total value locked, and the best thing is that there are many users who are eagerly awaiting future launches, so I think that Defi on Cardano will be more and more secure fluid, and innovative,” he said.
A Project with Many Critics
Lastly, Edickson talked about Cardano’s detractors and said that they were all those who wanted to get rich overnight, and the competition. “The number of naysayers and people who trash Cardano are those who thought of getting rich overnight with Cardano but it turned out it wasn’t, and today they are at a loss or worse they sold at a loss,” he said.
“Another group of detractors would be those who are paid by the competition to damage Cardano’s image since its potential scares them a lot, so without further ado, patience to all holders and support small pools, especially Hispanics”, he claimed.
By Audy Castaneda
