Kora Labs is a cutting-edge software development agency building robust and resilient Web3 products and protocols on the Cardano blockchain.

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Kora Labs

We’re beyond excited to announce our newest partnership with MELD! MELD is a full-suite DeFi banking protocol on the Cardano blockchain. MELD is pioneering the open-source non-custodial banking stack for Cardano by offering he first crypto-collateralized fiat and crypto loans.MELD borrowers collateralize their cryptocurrency in the MELDapp allowing them to borrow fiat currency for which they can use for life events like buying a house, a car, getting married or as a line of credit. Once a user pays back the loan, the smart contract will end and the collateralization will release back to the user.MELD lenders will provide fiat liquidity in return for a highly stable, interest-based return capable of replacing traditional fixed income sources. For other institutional liquidity providers, MELD will offer high yield income from MELD Vaults that act as automated market makers (AMM).To learn more about their borrow lending mechanisms, <a href="https://drive.google.com/file/d/1_bZ3g4UYj6QgZcPDfDhwvsjIrud8VHCr/view">click here</a>.Our PartnershipTogether ADA Handle and MELD look to expand the reaches of DeFi to provide a more seamless experience for end users. This partnership is the start of a symbiotic collaboration in which we aim to bring the users of Cardano the most secure, easy to use, and beneficial products in the industry.As a part of this partnership, MELD will add support for Handle address resolution directly within their platform! As we both pursue the potential reality of enabling financial products for the rest of the world we are proud to build alongside MELD.DISCLAIMER: Any partnership announcement with any Party made by Kora Labs, LLC for any product owned and or operated by Kora Labs, LLC is not an endorsement for said Party.

ADA Handle

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ADA Handle Partners with MELD

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On Tuesday (May 17), an IT engineer explained why he quit his &ldquo;comfortable and secured job at Capital One to help build out <a href="https://accounts.binance.com/es-MX/register?ref=MNJZTGGB" target="_blank" rel="noopener">Cardano</a>.&rdquo;
&ldquo;$papagoogse&rdquo; describes himself on Twitter (where his ID is &ldquo;@PapaGooseCrypto&ldquo;) as &ldquo;Master Platform Engineer Finance &ndash; Cloud Computing &ndash; Platform Systems.&rdquo; According to his Twitter bio, he is currently CIO at&nbsp;Kora Labs.
Kora Labs is &ldquo;a cutting-edge software development agency building robust and resilient Web3 products and protocols on the Cardano blockchain.&rdquo; Their team has &ldquo;a combined 50+ years of engineering experience on enterprise scale solutions, including staking and mining expertise on Cardano and Ergo.&rdquo;
<figure><img src="https://cryptoglobe.s3.eu-west-2.amazonaws.com/2022/05/Screenshot-2022-05-18-at-15.24.44-1-1280x432.png" alt=""></figure>They currently have a product called &ldquo;ADA Handle&ldquo;, which is &ldquo;An&nbsp;NFT-powered&nbsp;naming solution for your Cardano wallet address, secured entirely on-chain via the Handle Standard.&rdquo;
Here is how ADA Handle works:
&ldquo;Each Handle is a unique NFT, minted and issued on the Cardano blockchain. These NFTs act as unique identifiers for the UTXO that they reside in. With a predictable standard, dApp developers can query the Cardano blockchain at any time to determine the current residing address of a Handle.
&ldquo;Unlike many other routing services on Ethereum, Handles are secured entirely as native assets on the Cardano blockchain, on the Layer 1 ledger. This means we don&rsquo;t require smart contracts for address routing, ensuring that even in the event of an unlikely smart contract bug, routing will always be accurate &mdash; 100% of the time.
&ldquo;The Handle Standard supports version upgrading and backwards compatability. Once a version change happens, Partners are notified of the new version&rsquo;s Policy ID. Lookups happen from most recent Policy ID to the first, incentivizing upgrades among users to ensure faster retrieval results. This allows the Handle Standard to evolve with the broader Cardano ecosystem.&ldquo;
Yesterday, he explained in a&nbsp;Twitter thread&nbsp;why he had chosen to leave his TradFi job at what seems like &ldquo;the worst time to be making a change like this.&rdquo;
The IT engineer went on to say:
&ldquo;I have been a systems and platform engineer for nearly three decades. More specifically in TradFi for a third of that. I had front row seats to the rise of both Web1 (beginning internet) and Web2 (smartphones/social).
&ldquo;I can see clear as day the rise of Web3 and the importance of blockchain in changing the financial landscape. The constant and nonsensical churn of the current economy only solidifies and expedites that resolve.&ldquo;
&ldquo;The fledgling crypto world is inundated with finance bros, whales, cash grabs, and poorly planned tech. But there are some gems. Cardano is one of them.
&ldquo;I believe Web3 and DeFi will be supported by many different blockchain technologies, and Cardano will be the archetype of the most successful of them.&ldquo;
He close his thread by singing the praises of Cardano ($ADA) and IOG:
But to top it off, Cardano is backed by an organization motivated by and committed to RealFi accessibility and adoption with those who need it most and a proven track record of delivering methodically and responsibly.&mdash; $papagoose (@PapaGooseCrypto) <a href="https://twitter.com/PapaGooseCrypto/status/1526660526847033345?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 17, 2022</a>
While answering questions from the people who replied to this thread, he gave some details about his programming background:
TI Basic was my first language. But I spent the most time in C# and dotnet core. Transitioned to Python some time back. Plutus is my newest endeavor.&mdash; $papagoose (@PapaGooseCrypto) <a href="https://twitter.com/PapaGooseCrypto/status/1526724971489177600?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 18, 2022</a>
He also revealed what he will be focusing on at his new position:
Increasing the accessibility of Cardano in the digital identity space.&mdash; $papagoose (@PapaGooseCrypto) <a href="https://twitter.com/PapaGooseCrypto/status/1526726021705105408?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 18, 2022</a>
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Elevenews

$ADA: IT Engineer Leaves Job at TradFi Firm To Work With Cardano

Kora Labs ($)

A cutting-edge software development agency building robust and resilient Web3 infrastructure and products

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