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MELD is a decentralized, non-custodial lending protocol on the Cardano Blockchain that runs on smart contracts and is coordinated through the MELD token. It offers a quick, secure, and transparent set of tools for anyone looking to lend or borrow crypto and fiat. In MELD, fiat supplied by fiat lenders is issued to borrowers who lock their cryptocurrency as collateral inside a MELD Smart Contract. The lender earns interest through secure investment activity, while the borrower can keep their crypto exposure and potentially benefit from its growth, with an average annual performance of 32% (BTC IS 196%) CAGR. MELD places the collateral into liquidity pools managed by the community to generate revenue, which is split evenly at 50% for MELD and 50% for MELD token holders.
MELD token is a multi-use token within the MELD protocol. Its main functions include:
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