MELD — RiskDAO Partnership
MELD partners with RiskDAO to improve security and transparency in the MELD protocol 🔐💰
We are excited to announce our latest partnership with RiskDAO! 🥳️
What is RiskDAO?
RiskDAO is a service DAO that focuses on providing a risk assessment framework and associated audits to DeFi lending protocols and L1 networks while offering open-source tools and related audits to ensure the platform’s liquidity. They build open-source tools and resources to make lending, borrowing, and protocols that use collateralized debt positions safer and the risks more transparent for users and the community as a whole.
MELD x RiskDAO
With this partnership, MELD is prioritizing risk assessment and taking a proactive approach to risk mitigation on the MELD protocol. We will work with RiskDAO to create an open-source risk assessment framework that will continuously perform worst-case scenario simulations, qualitative analysis, and stress tests on the protocol as well as monitor key metrics such as DEX liquidity, oracle price deviation, and asset distribution of the platform accounts.
In addition to the risk assessment framework which will offer more transparency, RiskDAO will also consult on the development of mathematical models for new asset listings and new features in the lending market as they arise so that we can continue to improve and grow the protocol alongside changes in the wider market.
The success of the MELD platform depends greatly on building safe lending parameters that will stand the test of time and this partnership will ensure that we are able to continuously offer users a safe and reliable lending experience through the MELDapp.
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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