MELD capitalizes on Cardano’s transaction efficiency compared to older blockchains, which drastically reduces fees by more than 99% compared to ETH-based solutions. The MELD token is used for governance of the protocol, and users can stake it to earn yield. MELD was designed as a world-class DeFi protocol, powered by the Cardano blockchain and smart contracts to ensure complete transparency and fairness for all parties (including both the minting and distribution of tokens). Recommended AI News: Salesforce Partner Spaulding Ridge Announces Expansion with Revenue Lifecycle Management Practice The MELD protocol was created to bind the on-chain (crypto) and the off-chain (fiat) worlds together, as well as uniting the many Blockchains and DeFi protocols. In doing so, MELD stakers will earn an APY through protocol fees and liquidity reward programs (up to 15% currently). The MELD token can be staked on the MELDapp to provide insurance for the MELD protocol. MELD enables low-friction transactions between crypto and fiat positions, while maintaining control of a customer’s owned digital assets. Specifically, MELD represents the first decentralized protocol that incorporates fiat loan capabilities into the cryptocurrency ecosystem. MELD was the first company ever to carry out a successful ISPO (Initial Stake Pool Offering), which attracted $1B US worth of crypto (in ADA tokens) in less than 3 months and helped the company raise $10M US for its own funding ($45M total raised to date via an additional private token sale). MELD is unique in terms of token launches as it already claims close to 40,000 token holders. Created to serve the more than 2 billion members of the world population that are either under-banked or lacking any banking capability whatsoever, MELD provides a range of financial tools and solutions built around leveraging cryptocurrency assets as collateral for fiat or cryptobased loans. MELD is an innovative new startup launching with a mission to equalize the playing field between the financial ‘haves’ and the ‘have-nots’.
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