Initial Stakepool Offering
An ISPO is a revolutionary new way for investors and the community to support MELD using the Cardano blockchain.
Users who wish to participate in the ISPO can delegate their ADA using the Yoroi or Daedalus wallet to the public MELD stake pool (ticker MELD) for any period which they choose. Depending on the duration and quantity of ADA staked delegators will be rewarded MELD tokens.
In the ISPO, MELD LABS will recieve 100% of the ADA staking rewards generated by the pool. As a reward for participating in the ISPO MELD has allocated 800m MELD Tokens to be airdropped within 5 minutes of MELD token launch.
Participants of the Initial offering can delegate any amount of ADA to MELD ISPO pools for any chosen duration of the offering. Users will have the ability to unstake their coins at any time. MELD token rewards are calculated for each Epoch (5 days).
The criteria for the ISPO delegation is as follows
    The amount of ADA tokens delegated
    The duration for which the tokens were delegated per Epoch

βœ… Start date

July 1, 2021

🏁 End date

December 8, 2021

🀝 Fair Launch

We believe the ISPO model is much closer to a fair launch than any other option available and we think this is particularly exciting as it’s native to the core functionality of Cardano.
The longer you have a stake in the MELD ISPO, the more MELD : ADA you receive at the end of the ISPO

β˜‚οΈ MELD ISPO Airdrop

MELD will airdrop MELD tokens to ISPO participants on December 8th.

βš™οΈ Stake Pool Mechanics

MELD will set up Cardano stake pools for the purpose of this ISPO (ticker MELD), each has a limit of 64m ADA. MELD will begin capturing the number of Epochs for users that have delegated ADA to MELD ISPs on July 1st, 2021. The MELD ISPO will exist for a total of 32 Epochs (December 8th)
1 ADA = 0.065 MELD per epoch.
MELD ISPO Total Epochs = 32
NOTE: If the first stake pool fills up then we will make a second staking pool, then a third, and so on...

πŸ’° MELD ISPO Rewards

There is 800,000,000 MELD available as rewards for the MELD ISPO.
1 ADA = 0.065 MELD per epoch
MELD ISPO Total Epochs = 32
32 * 0.065 = 2.08
If you stake your ADA in the MELD ISP for 1 Epoch, you will receive a reward of 0.065 MELD per 1 ADA. Rewards will be airdropped to your wallet on December 8th, 2021.
If you stake your ADA in the MELD ISP for 32 Epochs, you will receive 2.08 MELD per 1 ADA. Rewards will be airdropped to your wallet on December 8th, 2021.

What if only 1 staking pool gets filled for the entire ISPO?

Figures assume ISP Was filled from day 1
1 ISP = ~ 64m ADA
64,000,000 * 2.08 = 133,120,000 MELD distributed
800,000,000 - 133,120,000 = 666,880,000

Remaining MELD

The 666,880,000 remaining MELD, in this case, will be sent to the treasury and used for ecosystem incentives, including but not limited to incentives for borrowers, lenders, liquidity providers, insurance providers, and MELD stakers.

❌ Leaving ISPO Early

Users will have the ability to unstake their ADA at any time as the MELD token rewards are calculated for each Epoch (5 days) and will be distributed on December 8th, 2021, at the time of the MELD protocol launch.
The more Epochs you partake in, the more MELD : ADA your receive at the end of the ISPO up to a max of 2.08 MELD : ADA

ISPO Details

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Tokens Rewards Available
800,000,000
Reward Bonuses
+200,000,000 to ISPO Pools
Total ISPO tokens allocation
1,000,000,000 MELD
Minimum delegation
10 ADA
Maximum delegation
NA
Approx. Rewards per Epoch per 1 ADA
0.0672 MELD
Duration in Epoch
32
Stage start
July 1, 2021
Stage end
December 8, 2021

Use of Proceeds

Last modified 3mo ago