MELD

MELD is the first decentralized and non-custodial DeFi banking protocol for lending and borrowing fiat and cryptocurrency.

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What is MELD

MELD supplies crypto-backed loans in fiat and crypto denominations at market
competitive interest rates. Users collateralize their cryptocurrency in the MELDapp
allowing them to borrow fiat currency. Once KYC is completed this results in a wire
transfer to their bank of choice. When a loan is paid-off, the smart contract ends,
triggering the release of the collateralized cryptocurrency. The entire process is
managed in the MELDapp.

MELD is a decentralized and trustless network built on the Cardano
10 Blockchain
using smart contracts and governed by the MELD Foundation (Switzerland). This
provides a fast, safe, and transparent set of tools for all participants to lend and
borrow in the DeFi
11 ecosystem.

The protocol is open-source and supported by the Cardano community in
developing functionality and innovative applications. As a protocol, the MELDapp
runs on iOS and Android, as a Chrome extension, or as an application programming
interface (API) by other developers and services.