MELD — Ava Labs Partnership
MELD partners with Ava Labs to create a custom Subnet on the Avalanche blockchain ⛓
We’re happy to announce that MELD is partnering with AVA Labs
As a part of our EVM initiative towards implementing support for more blockchains outside of Cardano and promoting a more inclusive user experience, MELD is partnering with Ava Labs, the team behind the development of Avalanche, to launch the MELD protocol as a Subnet on Avalanche.
Who is Ava Labs?
Ava Labs is the team behind the development of Avalanche — an open-source, highly scalable blockchain platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable ecosystem. Allowing the creation of powerful, reliable, and secure applications as well as custom blockchains with custom rulesets or build on existing private or public subnets. Simply put, Ava Labs makes it simple to launch Dapps on Avalanche.
MELD x Ava Labs
After the mainnet launch on Cardano, MELD is transitioning from being a project built solely on Cardano to becoming a multi-chain protocol for a more inclusive user experience. In order to achieve this, MELD will leverage Ava Lab’s innovative blockchain technology and infrastructure to create a custom subnet on the Avalanche blockchain.
Using EVM technology, this subnet will allow us to customize the network and optimize performance to our platform’s needs and that of our users. It will also ensure composability, which is one of our core focuses, to create a rich ecosystem of interconnected protocols and services with years of battle-tested usage that can be used together to provide a wider range of products and services and drive further adoption for DeFi.
By launching on the Avalanche subnet, MELD will be able to offer its services to a new community of users and expand the reach of its protocol. We believe that the decentralized nature of the protocol, combined with the high transaction speeds and low fees of the Avalanche network, will make it an attractive option for borrowers and lenders alike.
MELD — Be Your Own Bank
We think it’s essential for everyone to gain control of their financial lives and have equal access to financial instruments used by professionals, not just centralized institutions, governments, or the 1%. We want to provide financial freedom and control to the masses, including the unbanked.
We have a long-term goal to enable the $15 trillion that is currently locked out of the global economy, including 2 billion individuals worldwide that are either underbanked or have no access to banking services whatsoever, access to these tools. These are the people that are paying the highest fees, getting the worst customer service, and they are the ones that are having the most problems.
Our vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, we strive to provide our users with the functions they need to manage their own financial lives.
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