A noncustodial banking protocol where, without a credit check, users can lock crypto up as collateral, and take cash loans or open a line of credit against it.

Whilst MELD is built on Cardano users can utilize their other crypto assets, mainly BTC, ETH, and BNB to begin with, through a wrapping service provided by MELD. The financial services offered by MELD are detailed in the products section.

Funds in the liquidity pools are used to supply liquidity to various Decentralized Exchanges, DEXs, of the company's choosing. The rewards from this liquidity are distributed to both lenders, who deposited fiat, and the loanees who put their crypto up as collateral for a loan.

Genius Loans LOAN

Here users collateralize their crypto and take out a loan with higher interest rates. The customer will only need to pay the interest on the loan, not the loan itself. MELD uses the yields generated by the staked collateral to pay off the loan itself. The length of time this takes varies on the market.


Allows users to unlock the value in their crypto currencies and spend it as fiat without having to go through the process of cashing it out for fiat to make the transaction.

Crypto-Backed Loans LOAN

Users can lock up their crypto as collateral and receive a loan for up to 50% of its value. Loans are paid out in the fiat currency of the user's choosing; subject to availability. It is the paid back in the same currency. Once the loan amount and interest are paid back the smart contract unlocks and returns the user’s crypto to them.

These loans are issued on a Loan to Value, LVT, ratio, meaning that if the collateral’s, i.e. the users crypto, value stays above 50% for more than three days then the user is asked to provide additional collateral to bring the loan back to 50% of the deposited value. If the LVT gets to 85% -meaning 85% of the locked crypto covers the loan instead of the initial 50% i.e. the crypto has dropped in value- then the crypto is liquidated and used to repay the loan, plus an extra 5% fee. The remaining is then transferred back to the user.

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