MELD
Crypto Overview
Project Overview
MELD is a DeFi protocol built on the Cardano blockchain that aims to provide non-custodial banking services. The MELD token is used for governance and to receive rewards from the protocol's services.
Purpose and Utility
The primary stated purpose of MELD is to enable users to lend and borrow both crypto and fiat assets, stake tokens for rewards, and participate in governance decisions. The protocol aims to bridge traditional banking with cryptocurrency services.
Business Model Analysis
The core business model revolves around lending and borrowing services, which generate fees for the protocol. Additionally, users can stake MELD tokens to earn rewards and participate in governance.
Development and Adoption
The project maintains active development on the Cardano blockchain. While the protocol has launched its main features, the lending and borrowing services are the primary focus of the ecosystem.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors, with vesting periods in place. The project maintains transparency regarding token allocations and vesting schedules.
Current Usage
The primary use of MELD currently centers around its lending protocol and governance mechanisms. The token is actively traded on various cryptocurrency exchanges.
Crypto Impact
To assign a comfort level investing in MELD from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MELD.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.