
This provides a fast, safe, and transparent set of tools for all participants to lend and borrow in the DeFi 11 ecosystem. Jeremy Firster, Head of Partnerships and Executive Officer of the Cardano Foundation said he was delighted to see MELD take a leading role in support of the Global Impact Challenge and innovations within ecosystem participation. MELD is a decentralized and trustless network built on the Cardano 10 Blockchain using smart contracts and governed by the MELD Foundation (Switzerland).

I think a majority of the Cardano community will be using this platform. It is understood hundreds have since launched. I dont think this is a project to sleep on. When MELD launched there were no other ISPOs currently running on the Cardano blockchain. This equates to well over a billion US dollars of interest that people had towards MELD and the ISPO model during that time. 365x10x500 1 825 000 and it will be more because it is compound interest/rewards. Imagine producing 1 ada per day for 10 years if in 10 years 1 ada is 500. For exemple if we stake 10 000 ada we can produce 1 ada per day. The MELD ISPO reached up to 620m $ADA being delegated on Oct 27. Investing in cardano assets/tokens/projects, staking ada. “We’ve had an amazing community be built up, have grown the awareness of new fundraising models, and have attracted thousands of new users into the Cardano ecosystem because of it and we can’t thank you guys enough for all your continued support and effort towards MELD! This is only the beginning.” Past performance is not indicative of future results.

“We were blown away by the interest people had towards the ISPO model, Cardano, MELD and the greater vision MELD stands for and as a side product to the initiative,” said Ken Olling, MELD’s CEO. Algorand builds technology that accelerates the convergence between decentralized & traditional finance by enabling the simple creation of next generation. Meld works my lending real money backed by a crypto collateral, usually, twice the value of the.

However, within the first 24 hours, the overwhelming response was enough to force developers to create up to 10 stake pools. Available on cardano dex muesli swap and sundae swap. MELD started the ISPO six months ago, with little or no expectation of community interest.
