MELD is an open-source, non-custodial liquidity protocol for borrowing fiat (USD and EUR) and earning yield on deposits. The MELD token can be staked and is used for voting on the governance of the protocol.
MELD offers significant capital efficiency gains in lending and borrowing compared to both centralized blockchain solutions and traditional fintech. Running on a 3rd generation blockchain, transactions are inexpensive and high speed while being secured with more than $50 billion in Cardano (ADA).
Built on top of the Cardano blockchain allows us to capitalize on transaction efficiency, which drastically reduces fees (more than 99%) compared to ETH-based solutions.
Composability or “Money Legos” is the openness of the protocol to be used with other decentralized finance (DeFi) products. This is critical for MELD in market adoption and to be a contributor to the crypto economy. We are working with several leading DeFi services to connect their functionality to MELDs.
MELD is the first decentralized protocol that brings fiat loan capabilities to crypto. Move between crypto and fiat positions with ease, take out loans and retain full control of your digital assets.