Topic: [ANN] MELD: Bridging Banks and DeFi on Cardano (Read 56 times)

MELD is a Cardano based banking protocol that is designed to make crypto-economics as seamless and frictionless as possible.

It offers a range of services that are easy to use and unlock the true potential of crypto banking needs:

•  Instant Loans: There is no more need to liquidate cryptos as MELD offers instant loans with competitive APR.
•  Line of credits: Users are able to open a line of credit by depositing crypto. This is utilized by the MELD debit card.
•  Negative interest rate loans: Deposit ADA, borrow fiat at a negative interest rate and watch your loan repay itself overtime!
•  Transparency: Leveraging the power of smart contracts, MELD offers a completely transparent system that ensures fairness to all.
•  Staking: Stake your crypto assets to earn stable yields and MELD tokens.
•  Borderless: MELD is not limited to any geographical area and is immune to changing regulations, such as the latest ban by China on the centralized exchange Binance.

Using a unique token launch event, the ISPO gives everyone a unique chance to invest to get MELD tokens, but without spending their holdings through staking. Launched on the 1st of July, the first pool was filled in a day with 64 million ADA staked. By July 5, there were four pools with a combined 133 million ADA, approximately equal to $90 million. And just 13 days after the launch they managed to get over 220 million ADA delegated to their ISPO! This just goes to show how the world has accepted MELD, the ISPO model, and its unique methods of generating financial opportunities.

The MELD protocol is arriving from a team of different experts, 8 of these are Haskell programmers, who have been contributing to Cardano and the wider Haskel ecosystem for years. The team loves Haskell as the unique coding language offers a purely functional environment free from technical side effects.

The use of Cardano, a blockchain that is designed from a purely scientific aspect and is one the most scalable ecosystems, gives MELD unprecedented speed and scalability, ensuring more strength in security and speed as the platform grows. There’s so many good things going for MELD right now, considering the state of their ISPO and the recent partnerships they’ve managed to attain, it should be interesting to see how MELD performs come Q4 with their platform launch!

Important links:
Website - https://meld.com/
Twitter account - https://twitter.com/MELD_labs
Telegram channel Best place to ask any questions you want - https://t.me/MELD_Global