2021-09-08 20:14:11
MELD
in a nutshell MELD allows users to securely lend & borrow crypto & fiat currencies. You can also stake MELD tokens for APY.
Website
Whitepaper
Coindor initial thoughtsScenario;
It is getting towards the end of the month. Something out of the ordinary happens & you’re left with an unexpected expense. You have spent a long time building up your crypto portfolio & would hate to liquidate your assets in order to keep the wolves from the door.
Solution;
MELD allows an individual to use their crypto holdings as collateral for a low interest fiat loan.
MELD certainly have an interesting idea here. This could be a great opportunity for some people, but
users must make sure they are in a financial position to be able to pay off the loan, or they risk losing their assets & damaging their credit rating.
What are MELD doing differently? MELD allows you to easily borrow against your crypto holdings whilst retaining ownership of them.
Crypto collateral is added to MELD’s liquidity pools to generate yield for the lifetime of the loan. This benefits the community (
collateral is released immediately upon completion of loan repayment).
The MELD team
The MELD team are all doxxed and active across LinkedIn.
MELD Chairman: Ken Olling
MELD CEO: Hai Nguyen Quang
Final words from the team
‘A world-class DeFi protocol, MELD uses smart contracts to ensure complete transparency and fairness for all parties’.
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