At the same time, the protocol allows users to lock their digital assets to MELD’s liquidity pools in order to generate yield. Meld allows users to claim an instant fiat loan against their cryptocurrency holdings, which is then instantly transferred to their bank accounts anywhere in the world. In just 3 days we've managed to get 100m $MELD staked in the #MELD protocol! You guys are amazing Are you staking? #CardanoCommunity /kqgbv9iqgS Its overall vision is to serve over 2 billion of the world’s unbanked population.Īlmost 100 million of its native MELD tokens were staked on the protocol within the first three days since its launch. The Singapore-based MELD is the first non-custodial DeFi liquidity protocol used for borrowing fiat against crypto collateral, and earning yield on deposits. In other positive news, the adoption of the decentralized lending and borrowing protocol is gaining momentum on the Cardano (ADA) blockchain.Įarlier this week, MELD launched its first non-custodial DeFi lending and borrowing protocol based on Cardano smart contracts.
The Cardano network also hit another significant achievement after it surpassed 3 million wallets this week. The updates wallet is said to support Cardano node v1.33.0 and bring significant performance improvements. OUT NOW: #Daedalus 4.8.0 Mainnet This Daedalus release integrates the latest version of cardano-wallet, which supports #Cardano node v1.33.0 & brings a significant performance improvement. On top of this milestone, Cardano’s parent company, IOHK, recently announced the release of a new version of Cardano’s open-source wallet ‘Daedalus.’ As of today, the network should have increased data throughput, expanding the Cardano block size by 11% up to 80kB. The Cardano blockchain has undergone massive improvements this week. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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