MELD is one of Lending & Borrowing are projects with an attempt to unify the cryptocurrency market and the traditional money market. A system with a lot of potential like Cardano, the emergence of more and more Lending projects is inevitable. Will the integration of these financial markets be efficient in terms of capital investment?
MELD is a decentralized and trustless lending protocol built on the Cardano Blockchain using smart contracts and governed by the MELD token. It provides a fast, safe, and transparent set of tools for anyone to lend and borrow crypto and fiat currencies.
MELD Initial Stake Pool Offering (ISPO) is a liberating new way for investors and the community to support MELD using the Cardano blockchain. Users who wish to participate in ISPO can delegate their ADA to the public MELD stake pools to start earning the MELD token. Delegators will be rewarded with either 100% MELD rewards OR 50% MELD and 50% ADA rewards depending on the pool chosen.
Build DeFi products that level the playing field and create opportunities for the bottom 97% of the world’s population.
Provide financial freedom and control to the masses, including the unbanked. Enable the $15 trillion currently locked out of the global economy, including two billion individuals worldwide that are either underbanked or have no access to banking services whatsoever. These are the people that are paying the highest fees, getting the worst customer service, and have the most difficulty in day-to-day living.
MELD is looking into partnerships with some established DeFi 11 protocols. Besides, MELD will be offering six products rolled out over the next 18 months:
MELD provides crypto-assets to various blockchain networks in the Cardano ecosystem, to attract cash flow and use lending & borrowing. You install MELDApp and then create a MELD wallet or connect to crypto assets:
The special feature of MELD is that currently few projects mean that it accepts credit loans, that is, without depositing assets, it is still possible to borrow based on the limit of MELD Credit.
There are two ways an ADA holder can earn rewards:
The target customer for the MELD protocol includes any cryptocurrency user regardless of size and sophistication. The cryptocurrency market is growing fast, adoption is happening across all demographics and some of the fastest in among the youngest (under 18). The growth is phenomenal, but the innovation and sophistication are equally stellar. The tools available to this market have historically only been for the very few and privileged, but are now available for ordinary people, globally, 24 hours a day, seven days a week.
Competitors: BlockFi, Nexo, and Celcius
MELD focus on building the community will serve to both create the first layer of customers ready to use MELD once it is operable and secondly as ambassadors & cheerleaders in spreading the word. The community building will be spearheaded by creating stakeholders through the Initial Stake Pool Offerings (ISPO) and referrals.
Updating…
The project currently has established partnerships with Vent, Polygon, and World Mobile.
Liqwid Finance (LQ): Decentralized application on the Cardano platform, allowing users to create liquidity pools for tokens on Cardano (ADA,…).
Poof.cash.
All in all, with the simple and intuitive concept, MELD revolutionized the way of raising funds and distributing a token. MELD is able to offer its stake a safe and secure way in supporting a startup and participating in a token launch. With the help of the Cardano blockchain, this project is able to achieve the speed and scale needed for the new generation of financiers. This, collectively, takes us into the future where financial services are available to all, despite age, location, or social class
Find more information about MELD:
Website: https://www.meld.com/
Telegram: https://twitter.com/MELD_labs
Twitter: https://t.me/MELD_Global
Elise
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