Holders will be able to use ADA across Ethereum-based DeFi platforms like Uniswap, PancakeSwap, and Aerodrome Finance (AERO), a feature that is not natively available on Cardano.
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Cardano eyes trend reversal as Coinbase launches wrapped ADA on Base
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Wrapped crypto assets such as the wrapped Cardano (cbADA) and wrapped Litecoin (cbLTC), launched by Coinbase, enable interoperability by allowing Cardano (ADA) and Litecoin (LTC) to be used in Ethereum-based DeFi apps such as Uniswap, PancakeSwap and Aerodrome, as well as in lending protocols such as Aave, Compound, and Morpho.
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