MELD and VENT Present ADAmatic

MELD and VENT Team Up With Polygon to Build a Two-Way Bridge From Polygon to Cardano

 

Built on Polygon, ADAmatic is a two-way bridge to bridge your Polygon-based assets to Cardano, and back. Everyone can use ADAmatic independently of MELD or VENTs ecosystem, but it is build to bring more token choices and liquidity into Cardano for users, as well as giving Polygon-based DeFi users on-ramps to the unique, DeFi-based financial services that only MELD offers!

As part of a recent strategic partnership with Vent Finance, the ADAmatic bridge is one of the first products VENT and MELD are bringing to market. This is a much-needed addition for not just MELD, but also the greater Cardano Ecosystem.

The objective is to leverage the highly scalable and efficient infrastructure that Polygon and Cardano are providing, to support the creation of business opportunities that will benefit from cross-chain liquidity enabled by the ADAmatic bridge. DeFi projects on Polygon have been growing at a staggering rate and Cardano already has an ecosystem of up-and-coming projects that are ready to roll out as soon as smart contracts are live. MELD strongly believe that these ecosystems will become the powerhouse of DeFi and are confident that ADAmatic will play a key role in enabling cross-chain functionality for these dApps, like for projects launching on the VentUp Launchpad or the MELDed Assets service.

ADAmatic offers…

  • Cross-chain business opportunities — for project creators
  • Cross-chain yield generation opportunities — for community
  • Cross-chain liquidity — for everyone!

About MELD

MELD is the first decentralized, non-custodial protocol for borrowing & lending fiat & crytocurrency

The vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs,  strive to provide the users with the functions they need to manage their own financial lives.

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SOURCE: https://medium.com/meld-labs/meld-presents-adamatic-7cfcfbb1f655

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