Logo
Cardano Ecosystem

Dailycoin

02/05/2022

·

872 views


Milestone Week For Cardano: MELD Lending Launched, Daedalus Updated

Increased block size, a new version of Daedalus wallet and DeFi lending protocol launched. Continue reading Milestone Week For Cardano: MELD Lending Launched, Daedalus Updated at DailyCoin.com.

Milestone Week For Cardano: MELD Lending Launched, Daedalus Updated

The Cardano blockchain has undergone massive improvements this week. As of today, the network should have increased data throughput, expanding the Cardano block size by 11% up to 80kB.

On top of this milestone, Cardano’s parent company, IOHK, recently announced the release of a new version of Cardano’s open-source wallet ‘Daedalus.’ 

The updates wallet is said to support Cardano node v1.33.0 and bring significant performance improvements. The Cardano network also hit another significant achievement after it surpassed 3 million wallets this week.

In other positive news, the adoption of the decentralized lending and borrowing protocol is gaining momentum on the Cardano (ADA) blockchain.

Earlier this week, MELD launched its first non-custodial DeFi lending and borrowing protocol based on Cardano smart contracts. The Singapore-based MELD is the first non-custodial DeFi liquidity protocol used for borrowing fiat against crypto collateral, and earning yield on deposits. Its overall vision is to serve over 2 billion of the world’s unbanked population.

Almost 100 million of its native MELD tokens were staked on the protocol within the first three days since its launch.

Meld allows users to claim an instant fiat loan against their cryptocurrency holdings, which is then instantly transferred to their bank accounts anywhere in the world. At the same time, the protocol allows users to lock their digital assets to MELD’s liquidity pools in order to generate yield. Users can then make monthly payments to pay back the loan, and will have their collateralized assets returned to them whenever the loan is paid off.

The MELD protocol was the first ever to launch an ISPO (Initial Stake Pool Offering) in July 2021, which attracted over $1 billion in contributions in less than 3 months. 

In addition to MELD, another Cardano-based decentralized lending protocol, ADALend, has announced a partnership with the Robatz Network, a software development company, to develop and launch a new DeFi lending protocol on the Cardano blockchain within the first quarter of 2022.

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

You can always unsubscribe with just 1 click.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Rate This Article

In order to improve, we give you the opportunity to rate DailyCoin content

DailyCoin is an online media outlet, with a focus to cover blockchain and crypto news, opinions, trends and helpful articles. We focus on delivering fast and objective news about cryptocurrencies and crypto markets with a swirl of passion. Our dedicated and motivated global team is here to deliver the highest quality content. If you want to collaborate with DailyCoin and become our contibutor, please contact us at [email protected]

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Dailycoin

ORIGINAL SOURCE

https://dailycoin.com/milestone-week-for...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Dailycoin

See more
Cardano and the SEC Problem: How CIP-1694 Could Provide Solutions
Dailycoin
Cardano and the SEC Problem: How CIP-1694 Could Provide Solutions

06/07/2023

·

182 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)