MELD [OLD] $MELD

MELD is a pioneer in the crypto landscape as it introduces itself as the inaugural decentralized and non-custodial DeFi (Decentralized Finance) banking protocol, unparalleled in its capacity for lending and borrowing both fiat and cryptocurrency. The MELD token, integral to the operation of this protocol, acts as a governance token, granting holders the power to influence the protocol's progress and development through voting.

Focus and Long-term Goal

The primary thrust of MELD is the DeFi sector, with its long-term objective being to empower over 2 billion individuals around the world. These individuals, currently underbanked or completely lacking banking services, will be given access to a suite of solutions and tools built around the strategic use of cryptocurrency assets.

Services Offered by MELD

A plethora of services are offered by MELD, including the creation of cryptocurrency-backed loans, the opportunity to earn a return on interest by lending fiat to borrowers, and participation in rewarding incentive programs. One of MELD's standout features is enabling instant loans against cryptocurrency holdings at a competitive APR, or facilitating the receipt of a credit line and only paying interest on the used amount.

Technical Aspects and Transparency

Functioning on the Cardano blockchain as a world-class DeFi protocol, MELD leverages smart contracts to underpin its operations. This ensures total transparency and fairness in all aspects, including lending, borrowing, and the minting of tokens. With MELD, all parties can participate in the DeFi landscape with complete confidence and security.