About Us
Unveiling the MELD Ecosystem: Empowering DeFi Beyond Borders
Last updated
Unveiling the MELD Ecosystem: Empowering DeFi Beyond Borders
Last updated
Welcome to MELD, a pioneering ecosystem designed to reshape the financial landscape by harnessing the power of DeFi and blockchain technology. Our mission is to seamlessly bridge traditional banking with the world of crypto, creating an integrated environment where your digital and traditional assets work in harmony.
Let's delve into the four pillars that define the MELD ecosystem:
MELD Foundation
MELD Neobank
MELD X
MELD Digital
The MELD Foundation (Foundation) is the cornerstone of the MELD ecosystem, dedicated to nurturing, supervising, and expanding the MELD Protocol into a fully decentralized, non-custodial financial solution. The Foundation plays a pivotal role in coordinating with third parties for technological advancements, community management, and establishing commercial contracts and partnerships.
Initially, the Foundation acts as the interim steward of the MELD Protocol, guiding it through its early stages until it transitions into a fully decentralized autonomous organization (DAO). This transition, expected to take approximately four years, will gradually shift governance responsibility from the Foundation to the DAO. After the transition, the Foundation will focus on managing commercial contracts, conducting risk analysis, and remaining under the ecosystem's oversight.
As the custodian of the MELD treasury, the Foundation holds a significant portion of unissued MELD tokens (1 billion) and all ADA block rewards generated by the ISPO. The Foundation, through its commercial partnership with MELD.FI, MELD X (a regulated Lithuanian exchange), and MELD Digital, engages in various commercial activities. These activities include exchange listings, contracts with financial institutions, KYC/AML checks, fiat/crypto on-ramping and off-ramping, and protocol partnerships.
The Foundation operates under the guidance of a Board of Advisors, a Foundation Charter, and a Steering Committee, which convenes quarterly to oversee the protocol's evolution and the Foundation's activities. The Foundation is also subject to a supervisory body responsible for administering the protocol and treasury.
One of the Foundation's key responsibilities is managing MELD Improvement Proposals (MIPs) and overseeing the governance voting process. The MELDapp facilitates this voting process, ensuring transparency and oversight in the submission and implementation of MIPs.
The MELD treasurer oversees the treasury operations, ensuring robust and efficient financial management. MELD employs a rigorous risk management framework, emphasizing diversification across various institutions and DeFi protocols. This approach includes setting credit and market risk limits on a diverse range of crypto assets, including stablecoins, ensuring effective execution of financial plans and hedging expenditures across multiple currencies.
MELD's investment strategy is conservative, focusing on maintaining a liquid portfolio that supports business needs while earning interest on fiat and crypto holdings. Fiat currencies are held in various financial institutions and invested in money market funds, while crypto assets are deployed in reputable DeFi protocols. To seize market opportunities, MELD allocates a portion of its portfolio for higher-risk trades and engages in market-neutral trades in arbitrage scenarios.
The treasury also collaborates with external partners to manage the MELD token, ensuring sufficient liquidity and price alignment across different decentralized and centralized exchanges. True to MELD's non-custodial ethos, customer crypto fund management remains with the users, ensuring their assets are always under their control.
foundation@meld.com
A Neobank is a fully digital bank that operates without physical branches, offering banking services exclusively online, typically through mobile applications. Leveraging advanced technology, Neobanks provide customers with an intuitive interface, lower fees, enhanced accessibility, and a range of modern banking features.
MELD's Neobank (MELD.FI) operates at the forefront of this innovation, seamlessly integrating traditional finance and the world of decentralized finance (DeFi). Adhering to regulatory standards, MELD.FI ensures secure handling of fiat currencies while facilitating the seamless transition between crypto and fiat assets.
MELD.FI stands out by seamlessly integrating with the MELD ecosystem, offering users unparalleled flexibility, efficiency, and access to a broad financial market.
Through the acquisition of Bit2Pay, a Canadian Money Service Business (MSB) licensed entity, and having secured a Virtual Asset Services Provider (VASP) license certified by the Financial Crime Investigation Service (FCIS) of the Republic of Lithuania, MELD.FI has expanded its capabilities. In collaboration with its partners, MELD.FI now supports over 37 different currencies and offers services such as SWIFT and SEPA transfers.
Crypto and Fiat Accounts: Easily manage both crypto and fiat currencies with accounts that allow seamless conversion between different asset types, enabling efficient buying, selling, and exchanging of digital and fiat assets.
Global Debit Card: MELD.FI's debit card lets users spend their assets globally, supporting multiple currencies for convenient transactions across multiple jurisdictions.
Payment Processing: Enjoy smooth and efficient payment processing, facilitating transactions between crypto and traditional financial systems.
Direct Deposit and Bill Pay: Receive salaries, pay bills, and manage other financial obligations directly from MELD.FI accounts, ensuring a seamless and comprehensive banking experience.
Seamless Integration into the MELD Ecosystem: MELD.FI is fully integrated with the MELD blockchain and MELDapp, offering a broad range of DeFi capabilities alongside traditional banking services.
Security is a top priority at MELD.FI. We implement robust measures to protect user funds and data, utilizing advanced cryptographic methods to validate transactions. MELD.FI minimizes insolvency risk by maintaining 100% of customer deposits in segregated accounts, ensuring your funds are always safe.
MELD X is a regulated exchange based in Lithuania, playing a crucial role within the MELD ecosystem. In partnership with the Foundation, MELD X serves as the bridge between crypto and fiat currencies, enhancing the liquidity and utility of the MELD token.
MELD X is essential to the MELD ecosystem, enabling efficient crypto-to-fiat conversions. It allows MELD token holders to seamlessly convert their tokens for fiat currency and vice versa, unlocking opportunities in the broader financial markets and extending the utility of MELD tokens beyond the MELD ecosystem.
MELD X operates under strict regulation by the FCIS under the Ministry of the Interior of the Republic of Lithuania. A dedicated board of advisors ensures that MELD X adheres to all relevant laws and regulations, maintaining the highest standards of regulatory compliance.
At MELD X, security and transparency are top priorities. The exchange is committed to safeguarding users' funds through robust security measures and provides a transparent trading platform where users can conduct transactions with confidence.
MELD Digital is a key component within the MELD ecosystem, operating as a VASP. It plays a crucial role in managing tokens and tokenized assets, facilitating the minting and burning of virtual assets, and ensuring strict regulatory compliance.
MELD Digital is fundamental to the smooth operation of the MELD ecosystem. By closely monitoring the distribution and flow of MELD tokens across multiple blockchains, it ensures the balance and resilience of the MELD ecosystem. MELD Digital dynamically adjusts liquidity across blockchains, maintaining optimal operational efficiency and enhancing the overall user experience.
A core function of MELD Digital is facilitating seamless cross-chain interoperability. When users deposit MELD tokens into a pool on the originating blockchain, those tokens are locked, and corresponding MELD tokens are issued on the destination blockchain. This bridging process ensures the integrity and consistency of the MELD token's total supply across all supported blockchains.
MELD Digital, in collaboration with the Foundation, utilizes multi-signature wallets to manage the minting and burning of MELD tokens. This process is essential for balancing the distribution of MELD tokens across various blockchains. When there is a significant shift in token flow from one blockchain to another, the Foundation, with multi-signature approval/signing, will burn tokens on one blockchain and mint an equivalent amount on another, ensuring the total supply remains constant at 4 billion tokens.
MELD Units are created when the MELD protocol transfers physical gold or fiat dollars to the Foundation. These units are fully compatible across multiple networks, and users can redeem them for their physical counterparts through the Foundation, a process facilitated by MELD Digital.
MELD Digital upholds rigorous security and accountability standards. As a multi-signature wallet, access is strictly limited to authorized members of the MELD team, ensuring the safeguarding of assets within the ecosystem. MELD Digital also oversees the MELD treasury, which comprises the majority of unissued MELD tokens and ADA block rewards accrued from the ISPO.
