Updates from the Borrowing Lending Protocol Meld at RareBloom
Meld is an innovative decentralized finance (DeFi) protocol that enables users to borrow and lend cryptocurrency securely. Meld is built on the Cardano blockchain, providing an efficient and reliable platform for digital asset management. This project is making remarkable progress with their team, as they are about to launch their testnet phase, working on a bridge between Polygon and Cardano networks and complying with regulations in Europe to make DeFi Crypto backed loans possible to fiat currencies. Meld also offers crypto-backed loans where users can get fiat currency with their crypto collateral, as well as other products such as DeFi yield farming and staking rewards. With Meld's upcoming mainnet launch later this year, we look forward to seeing what amazing features Meld will bring to the DeFi space. Meld is dedicated to ensure users have full control over their finances, and with Meld’s products, services and incentives programs users can easily create a collateralized debt position (CDP) with digital currency, get an interest return from lending fiat currencies to borrowers or join in reward incentive programs. Meld is making great strides towards providing individuals a secure platform for managing money on their own terms. With Meld’s upcoming launch later this year, we are eagerly awaiting what new features they will bring. Stay tuned!Full show notes at:https://learncardano.io/podcasts/meld-cardano-testnet-launch/