MELD a Banking protocol the founding fathers could get behind  by@benhodlin

MELD a Banking protocol the founding fathers could get behind

Ben Knaus  HackerNoon profile picture

Ben Knaus

Chief Growth Officer @ Merging Ed-Tech and Blockchain via Avalanche 🔺 Member of Forbes Technology Council

The founding fathers of America risked everything in the idea of freedom, limited government, and individual responsibility.

I could go on for a long time about the parallels of the American Revolution and the digital revolution that's unfolding before our eyes, not from a contentious standpoint but a revolution, nonetheless.

At the forefront of the digital revolution are the platforms and protocols that like the founding fathers reward and encourage freedom, equality, and individual responsibility.

Insert MELD, A banking protocol building on the Cardano Blockchain. MELD as a protocol is designed to enhance financial access and freedom.

Meld is a lending and borrowing protocol, which helps digital asset holders leverage the value of their holdings without selling them. Users can borrow up to 50% LTV (loan to Value) allowing them to unlock value while keeping a long position in their assets. Meld can also help citizens of developing nations escape being tied to weakening fiat currencies.

I see MELD playing a large role in financial inclusion in the following ways:

  • Allowing the public, the same access to financial instruments that institutions and accredited investors have.
  • Ability to escape being tied to weakening fiat currencies with exposure to Gold Backed stable coins on the MELD protocol
  • Financial services accessibility for the 1.7 billion Unbanked in the world. This includes Interest, savings, ability to provide liquidity, and earn yield doing so.
  • Access to the MELD app through mobile carriers through direct partnerships like Tingo Mobile


Meld decided to undertake a funding model in early July known as an Initial Stake Pool Offering. At its peak, the ISPO had over $1 billion USD in contributions locked in staking pools where delegators would be rewarded in MELD tokens. With almost 40,000 participants, the ISPO successfully generated funding which will be used to build out accessible new financial services for the 2 billion people in the world who are underbanked.

Gold Backed Stable Coin

Chairman Ken Olling announced plans to develop a stablecoin in an attempt to enable accessibility of a stable-backed asset for the developing world. This will allow users to store savings in the world reserve currency and not be pegged to dwindling value local fiat currencies.

“The goal here is simplicity and clarity. Gold will be stored in a vault, tokenized and then fractionalized and divided so we can sell it” stated KEN Olling, the Chairman of MELD.

Multi Chain - MELD and Vent Finance are building the ADAmatic bridge. "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. We 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."

Said Stuart Hollinger/Marketing manager of MELD.

Meld has Successfully launched

On January 30th, 2022, The ISPO Airdrop serviced nearly 40,000 people in under 90 minutes. The MELD app launched on January 31st, 2022. With lending and borrowing still to come, users can connect their wallets to the app and have staking capability.

MELD staking

Currently, users can stake their MELD in 2 different pools, with flex staking coming soon

  • 6 Month Pool with 12% APY
  • 12 Month Pool with 15% APY

Where can users currently buy MELD?

  • Museliswap
  • Sundae Swap
  • Bitrue
  • FMFW

I spoke earlier on the digital revolution unfolding before our eyes. I'm a strong believer that Dapps designed to utilize fiat will expedite adoption. For the normal person, this optically feels better and is much easier to use.

For me, the true merit of MELD is giving the freedom of financial services to the Unbanked and underbanked. Imagine finding a " new world " of opportunity instead of needing to cross an ocean to get there, you only need internet access.

Life, Liberty, and the pursuit of financial inclusion. That's MELD.


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