MELD is a decentralized and trustless lending protocol built on the Cardano Blockchain using smart contracts, and it is governed by the MELD token. It provides a fast, safe, and transparent set of tools for anyone to lend and borrow crypto and fiat currencies. They are the first DeFi, noncustodial, banking protocol.
MELDapp is an iOS and Android mobile app and wallet. This app sits at the core of the MELD protocol and is designed to be an all-inclusive consumer/retail-friendly experience. With their protocol and app, they want to provide financial freedom and control to the masses, including the unbanked. This includes 2 billion individuals worldwide that are either underbanked or have no access to banking services whatsoever.
MELD offers very interesting capital efficiency gains in lending and borrowing compared to both centralized blockchain solutions and traditional fintech. MELD features include low-cost, high-speed transactions and more than $50 billion in Cardano (ADA) as security.
Because Meld is built on top of the Cardano blockchain, MELD capitalizes on transaction efficiency. This drastically reduces fees by more than 99% as compared to ETH-based solutions.
MELD also offers a new Initial Stake Pool Offering or ISPO. This is a new and unique method for fundraising that is community oriented and safe for all parties involved.
What is it that makes us excited about MELD?
MELD is offering financial freedom and control to the masses. Their “Modular Money” gives an openness to the protocol, allowing for use with a variety of other decentralized finance (DeFi) products. The MELD team is working with several leading DeFi services to connect with their functionality, providing even greater financial integration. This, in turn, is critical for MELD in market adoption, and it’s evolution into a major contributor to the crypto economy.
Because they bring various new ideas to the table, MELD piqued their interest. They have a more straightforward and elegant solution for converting crypto into cash through an efficient loan system. Being the first DeFi, noncustodial, banking protocol with a new and unique method for fundraising in the form of an ISPO are indicators that set them apart from other projects.
Extra Watts really want to move forward with and in the crypto and blockchain space and are always on the lookout for projects that tickle their interest. As investors, they are always searching for something new, something unique, projects that are worth their time and effort. MELD is ticking all those boxes, making it interesting and easy, at the same time, to convince them and back them up.
Extra Watts is excited about this new opportunity, to move forward with MELD and open another door to mass adaptation.
About MELD
Their 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, they strive to provide their users with the functions they need to manage their own financial lives.
About Extra Watts
Extra Watts is a venture capital that exclusively invests in innovative technology, with a focus on distributed ledger technologies and mobility. We believe adoption comes from the underlying vision and the vision is a product of founders aiming to take the adoption to the next level. They support teams with an understanding of blockchain technology, and how it could be implemented into a product.
📰 INFO
https://medium.com/@extra_watts/extra-watts-announces-new-investment-in-meld-a91fdf2ab5b7
