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MELD Newsletter #3
Contents
- ISPO Update
- MELD Roadmap Update
- MELD Technical Journal
- MELD + SundaeSwap Partnership
- MELD + CardWallet Partnership
- MELD + Matrixswap Partnership
- MELD + Tingo Partnership
- CityAM Front Cover
- Meet MELD
- Cardano Summit 2021
- CityAM Summit & Awards 2021
ISPO Update
🥳️ We have OFFICIALLY crossed 1 billion USD worth of ADA delegated to the MELD ISPO 🎉
Start date - July 1st, 2021
End date - Dec 8th, 2021
There has been a total of 490m ADA delegated to our stake pools since July 1st with 281m MELD distributed as rewards! We are just over half way done the ISPO with 519m more MELD to be distributed before the end of the ISPO. Start delegating ADA to one of MELDs stake pools to start receiving $MELD for every epoch.
All of our pools are currently fully saturated
We are going to be having 2 more MELD(100% MELD) pools coming! They will be created and labeled as:
ID1: pool1k9w9u6rrn4f729hws6crwh4kc9jsdjq0e8q0f64jp0vzyallw02
ID2: b15c5e68639d53e516ee86b0375eb6c16506c80fc9c0f4eab20bd822
⚠️ MELDX(100% MELD)
To be announced...
MELD0 is currently hovering around 40m ADA delegated! We should have MELDX spin up within the next few days...
Follow the article below for more details!
MELD Roadmap Update
This is the first MELD Roadmap update. Since our launch on July 1st MELD has been a white knuckled ride and has completely blown away any of our wildest expectations. From the ISPO to the partnerships and community we have been able to work with, it’s been non-stop hard work and we have enjoyed every minute of it.
This update is largely a result of being a victim of our own success. The schedule laid out below pushes our deliverables by a few months due to two major factors. First, the ambition level set by Ken on the MELDapp has proven challenging to find the right team to be able to execute on such a high level. While the team is being put together and we have a few key members, recruiting and onboarding has taken much more time than expected. Some of this is due to finding talent and some is due to the unexpected success of MELD.
This issue is being addressed now the core team is in place and the MELDapp development is well underway. But due to its late start, The delivery will coincide with the MELD protocol launch.
Secondly, we have seen so much interest in MELD from partners such as Polygon and the development of more than ten partnerships both inside and outside the Cardano ecosystem. Some of these partnerships have caused us to adjust our technical scope to include elements we had not planned for and resulted in architecture changes and refactoring. Fortunately, many new challenges have forced us to innovate new economics designs on the UTXO ledger. MELD is going to achieve a level of capital efficiency never seen before on the Blockchain.
This said, we have had a great deal of progress across the whole of the Cardano smart contract development. We continued to contribute to open-source projects in the whole Cardano ecosystem, mainly around the Plutus repository. We have partnered with key developers in the Cardano ecosystems such as Tweag working with security research in Hachi. We expect to release the first security toolset with a chain index, Racket transpiler, and symbolic execution in the coming weeks. We also have a partnership with Obsidian Systems working together on the ADAmatic bridge. Our economics team is building forecast models and proving new specialized models for UTXO. The smart contract team has completed the first version of mFiat, the liquidation system, and the Proof-of-Concept for lending and borrowing, not to mention multiple research efforts that will give MELD a competitive advantage. We have, for example, proposed three different approaches to the concurrency challenge on the UTXO ledger model. Those were three different draft papers and two proof-of-concepts within weeks of an arbitrary technical criticism.
MELD Technical Journal
At MELD, we build on top of the Cardano blockchain, so improving the platform is one of our priorities.
This report gives some insights into our contribution to the Cardano ecosystem. With also overviews of our internal projects.
We have not been able to continue our public Plutus documentation work this month due to increased demand for internal writing. Fortunately, many of these internal works can be ported to our public Plutus documentation in the future.
Current progress:
MELD + SundaeSwap Partnership
MELD teams up with SundaeSwap, The Sweetest Decentralized Exchange on Cardano 🍨
SundaeSwap Labs, Inc. has teamed up with MELD to support each other’s ecosystems, including token integration, mutual liquidity provisioning (including MELD’s innovative Credit Markets), and collaboration on some very exciting development efforts that we’ll be sharing in the future.
MELD + CardWallet Partnership
MELD and CardWallet join forces to develop Oracle infrastructure, a research group, and more!
CardWallet is a non-custodial wallet solution built for the Cardano blockchain and several other protocols, incubated by the Occam Association. With out-of-the-box support for Cardano native tokens and Visa, Mastercard, and ApplePay fiat on-ramps, CardWallet is expected to rapidly become a major wallet provider for the entire crypto ecosystem. CardWallet’s strategic and technical partners already include Scalable Solutions, Simplex, Occam.fi, Nodeseeds, and Crypto Dorm Fund.
The purpose of this partnership is to cooperate with CardWallet, support each other’s tokens in our respective protocols, and the sharing of token liquidity.
On top of this, we will be coordinating and sharing the developments between our mutual wallet technologies, including the use of each other's APIs, and access to protocol information.
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MELD + Matrixswap Partnership
MELD joins forces with Matrixswap — a virtual-AMM-based perpetual swaps trading protocol!
Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.
Both Matrixswap and MELD are building composable protocols on both Cardano and Polygon in order to offer highly capital efficient services to the DeFi ecosystem. In this, both Matrixswap and MELD are highly aligned toward one another leading to this strategic partnerships agreement.
Joseph Liu, the Founder at Matrixswap says:
“Matrixswap looks forward to a long and fruitful partnership with MELD as we establish ourselves to be the early DeFi pioneers in the Cardano ecosystem. The vision of MELD’s team is captivating and we see ourselves fitting into their mission perfectly.”
Blockchain technology's key components are interoperability and composability and are foundational by all participants in this agreement. As such, Matrixswap and MELD see the value of collaborating…
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MELD + Tingo Partnership
The MELDapp will be on 9m+ mobile phones come 2022!
Tingo is an Agri-Fintech company offering a comprehensive platform service through the use of smartphones (using GSM technology) to empower a marketplace to enable subscribers/farmers within and outside of the agricultural sector to manage their commercial activities of growing and selling their products to market participants both domestically and internationally. The ecosystem provides a one-stop-shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, access to insurance services, and microfinance to support their value chain from seed to sale.
Tingo aims to be Africa’s leading Agri-Fintech player that transforms rural farming communities to connect through our proprietary platform to meet their complete needs from inputs, agronomy, off-take, and marketplace which delivers sustainable income in an impactful way.
The purpose of this partnership is to build value-added financial services across Africa that are safe, easy, and transparent. The MELD application will be customized for Tingo customers and be focused on use cases for Africa. MELD will work with Tingo and their mobile OEM to preload a co-branded MELD app on Tingo mobile devices. The collaboration will build a servicing offering that will help Tingo customers gain economic freedom and flexibility in their day-to-day financial transactions.
CityAM Front Cover
MELD was on the cover of CityAM! There were 85,000 copies created with over 600 distribution points in London, UK.
James Bowater, Editor at large of CryptoAM, is onw of the MELD advisor's and has helped us facilitate this placement.
Meet MELD
This is a series to provide some insight and understanding to the faces behind the MELD team. We have a vast range of engineers, designers, economists, advisors, and researchers from all parts of the world including Norway, Sweden, Vietnam, Japan, Canada and with more partnerships, new team members and advisors joining the MELD team, this list just keeps on expanding and getting better!
Christian Katz
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Christian joined MELD back in July, coming from 20+ years of experience within the banking & financial services sectors exercising roles as Vice President at J.P. Morgan, Managing Director at Goldman Sachs, CEO at the SIX Swiss Exchange, and is a board member with multiple firms. Christian brings an array of critical insight and knowledge to MELD in conjunction with financial institutions and blockchain in cross-border markets...
Cardano Summit 2021
The MELD team attended the Summit in Oslo, London, Tokyo, LA, Toronto and some other community made locations! It was a blast 💥🚀 and we met so many new and interested people, let a lone the amount of new contacts / netwroking that occurred during the weekend!
We brought some snacks for the event too! 😏
Ken performed a keynote speech, touching on the topic of responsibility, and what building a protocol on a blockchain means in regards to responsibility during the begining of the Cardano Summit in Oslo:
CityAM Summit & Awards 2021
MELD, Tingo, and Ubuntu Tribe
We announced, during the CityAM Summit & Awards, that MELD is partnering off with Tingo who has more than 9 million active Mobile subscribers in the second-largest Crypto Market in the world, Nigeria, as well with Ubuntu Tribe to create a Gold-backed stable coin.
This will mean that MELD will be on the Tingo user's phones in 2022 bringing our DeFi services to millions of people.
MELD WILL NEVER ASK YOU TO TRANSFER YOUR ADA OUT OF YOUR WALLET
HOW TO DELEGATE (STAKE) TO THE MELD ISPO POOL
Participating in the MELD ISPO is simple and easy. It only requires that you have ADA (the native coin on the Cardano blockchain) and either a Yoroi or Daedalus wallet (the native wallets development by the Cardano team). Once you have these (ADA & a native wallet), the delegation process is conpleted with only a few clicks. Below you will find links to exactly how to do it.
- 1.Access your Yoroi or Daedalus wallet
- 2.Deposit ADA to your wallet from an exchange
- 3.Search for the MELD Stake Pool
- 4.Press Delegate
- 5.Enter Your Password
- 6.Congrats! You are now participating in the MELD ISPO
- 7.View your dashboard to confirm delegation
Types of Stake Pools
- (FULL) MELD 1 - 100%: In this pool you will be rewarded only MELD tokens and only 1% of ADA rewards.
- MELD 2 - 50/50: In this pool you will be rewarded 50% MELD tokens and 50% ADA rewards. Please be aware you will earn half as much MELD as you do in the MELD1, MELD3 & MELD5 100% pools!
- (FULL) MELD 3 - 100%: In this pool you will be rewarded only MELD tokens and only 1% of ADA rewards.
- (FULL) MELD 5 - 100%: In this pool you will be rewarded only MELD tokens and only 1% of ADA rewards.
- (FULL) MELD 6 - 100%: In this pool you will be rewarded only MELD tokens and only 1% of ADA rewards.
- (FULL) MELD 7 - 100%: In this pool you will be rewarded only MELD tokens and only 1% of ADA rewards.
- (FULL) MELD 8 - 100%: In this pool you will be rewarded only MELD tokens and only 1% of ADA rewards.
- (FULL) MELD 9 - 100%: In this pool you will be rewarded only MELD tokens and only 1% of ADA rewards.
We want to thank everyone for supporting MELD and being so enthusiastic about our ISPO!
Last modified 7mo ago
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