What is Meld?
MELD is a pioneering decentralized finance (DeFi) ecosystem integrating traditional banking services, facilitating cross-chain lending, borrowing, and fiat transactions, all secured by the robust MELD blockchain.
More about Meld
MELD stands at the forefront of decentralized finance (DeFi), merging traditional banking services with blockchain technology to offer a comprehensive suite of financial tools. It facilitates seamless interaction between crypto and fiat currencies through its innovative protocol and user-friendly MELDapp interface.
At its core, MELD integrates major blockchains like Bitcoin, Ethereum, Cardano, Avalanche, Polygon, and Binance Smart Chain, ensuring interoperability and efficient asset management across different networks. Users can earn interest by supplying liquidity to MELD Vaults, where their crypto assets also serve as collateral for borrowing fiat currencies such as USD and EUR. This dual functionality promotes liquidity while enabling users to access funds without selling their crypto holdings.
The MELDapp provides an intuitive platform for users to manage their accounts, deposit assets, borrow funds, and participate in staking activities. Governed by the MELD token, the protocol guarantees transparency and security in all transactions within the ecosystem, fostering a balanced environment for lenders and borrowers.
Additionally, MELD operates as a registered Lithuanian electronic money institution through MELD Neobank, facilitating seamless fiat transactions, SWIFT/SEPA transfers, and offering debit card services. MELD X, a regulated exchange, complements the ecosystem by facilitating crypto-to-fiat conversions in compliance with regulatory standards.
Furthermore, MELD Digital serves as a Virtual Asset Service Provider (VASP), ensuring efficient token management across blockchains through minting, burning, and bridging activities. This approach maintains token integrity and optimizes operational efficiency within the MELD ecosystem.
In essence, MELD aims to democratize finance by empowering users to manage their assets securely and independently, bridging the gap between traditional finance and decentralized finance to create a more inclusive financial ecosystem globally.
Meld key offerings
- Unlocking the Value of Crypto Without Liquidation: MELD allows users to access the value of their crypto assets without the need to sell them. This is significant for crypto holders who want to leverage their assets for fiat or additional crypto without triggering a taxable event or losing potential future gains. This feature supports the idea of holding onto crypto for long-term appreciation while still utilizing its value for immediate financial needs.
- Multichain Non-Custodial Wallet: The MELD wallet supports multiple blockchains, enabling users to manage, send, receive, swap, and stake their crypto assets seamlessly. This non-custodial approach ensures users maintain full control over their assets, enhancing security and reducing the risk associated with centralized exchanges. The wallet's bridging functionality also simplifies the movement of assets across different blockchain ecosystems.
- Competitive Yield-Bearing Instruments: MELD offers yield-generating solutions, such as lending pools where users can deposit assets from various supported blockchains to earn a yield. These instruments provide a safe and efficient way for users to grow their crypto holdings, taking advantage of both decentralized finance (DeFi) and traditional finance (TradFi) opportunities to generate returns.
- Crypto/Fiat Borrowing: Users can borrow against their deposited crypto assets in either fiat or crypto at competitive rates. This flexibility is crucial for individuals and businesses needing liquidity without having to sell their crypto holdings. The process is designed to be efficient, with low conversion rates and support for fast transfers, including SWIFT and SEPA.
- Cross-Chain Transfers and Compatibility: MELD supports a broad range of blockchains, including Cardano, Ethereum, Avalanche, Bitcoin, Polygon, Moonbeam, and Binance. This cross-chain capability ensures asset fluidity and interoperability, allowing users to leverage a wide array of tokens and blockchain technologies within a single ecosystem. This approach enhances usability and accessibility, making it easier for users to manage their assets across different platforms.
- Transparent and Secure Protocols: MELD places a strong emphasis on security and transparency. The protocol undergoes rigorous testing and auditing processes to ensure the safety of user assets. By leveraging smart contracts and decentralized technologies, MELD ensures transparent handling of transactions, which is critical for building trust in the DeFi space. Users can rely on immutable transaction records and smart contract governance to safeguard their investments
Key services & use cases powered by MELD as a Web3 infrastructure provider
- Decentralized Lending and Borrowing: MELD offers a decentralized, non-custodial lending and borrowing protocol that operates across multiple blockchains. This service allows users to supply their crypto assets into MELD Vaults and earn yields, or borrow against their assets. The protocol ensures transparency and security, maintaining a dynamic equilibrium between suppliers and borrowers. This system is governed by the MELD token, providing competitive yields and fostering stability within the ecosystem .
- MELD Vaults: MELD Vaults are community-managed liquidity pools that hold single assets per vault. These vaults facilitate lending and borrowing while generating yields. Users supplying assets to these vaults earn yields based on asset utilization, ensuring their assets are productive rather than dormant. MELD Vaults are central to the platform's functionality, providing the necessary liquidity for loans and optimizing asset deployment .
- Fiat Integration via MELD.FI: MELD.FI, a regulated neobank, integrates traditional finance (TradFi) with decentralized finance (DeFi) by offering fiat loans and banking services. This integration enables users to handle fiat currencies securely while enjoying the benefits of blockchain technology. MELD.FI operates independently of the MELD protocol, allowing users to have fiat bank accounts, manage IBAN accounts, and access SWIFT and SEPA transfers. This service bridges the gap between traditional banking and the crypto world .
- Cross-Chain Functionality: MELD supports a multi-chain ecosystem, initially launching on Cardano and expanding to other blockchains like Ethereum, Avalanche, Polygon, and Binance Smart Chain. This cross-chain approach enhances interoperability and ensures MELD’s services are accessible across various blockchain platforms. By embracing multiple chains, MELD provides users with greater flexibility and access to a broader range of assets and applications
- MELDapp (Web, Mobile, API): The MELDapp provides users with a seamless interface to access MELD’s financial services on web, mobile, and via API. Users can supply, borrow, and manage their assets through these platforms, ensuring convenience and accessibility. The MELDapp is designed to integrate both traditional and DeFi services, allowing users to engage with MELD’s offerings from anywhere, enhancing the user experience and making financial management more efficient .
- MELD DAO: The MELD protocol is governed by a Decentralized Autonomous Organization (DAO), where MELD token holders can propose and vote on changes. This community-driven governance model ensures that the protocol evolves according to the needs and preferences of its users. The DAO oversees the protocol’s operations, including changes to smart contracts, parameter adjustments, and the overall strategic direction of MELD .
- MELD X Exchange: MELD X is a regulated exchange based in Lithuania, facilitating crypto-to-fiat transfers and ensuring liquidity within the MELD ecosystem. The exchange enables MELD token holders to convert their tokens to fiat currency and vice versa, expanding the use cases for MELD tokens. Operating under strict regulatory oversight, MELD X ensures security and transparency, allowing users to take advantage of opportunities in the broader financial markets .
- Oracles and Smart Contracts: MELD utilizes oracle technology to provide smart contracts with external data, such as asset pricing. Oracles are crucial for executing actions within the protocol, like determining loan-to-value ratios and triggering liquidation events. The smart contracts governing lending, borrowing, staking, and governance ensure the protocol’s operations are automated, secure, and efficient. This technology enables precise and reliable execution of financial transactions within the MELD ecosystem .
- Regulatory Compliance and Global Reach: Operating within regulated jurisdictions, MELD.FI enhances the credibility and reliability of MELD’s services. By adhering to local regulations and offering services in multiple fiat currencies, MELD ensures compliance and accessibility for users worldwide. This compliance framework not only builds trust among users but also positions MELD as a globally accessible and trustworthy platform.
Meld Resources
