Dec 14, 2022
MELD — Kyber Network Partnership
MELD partners with KyberNetwork to improve user experience and enable seamless asset exchange
As a decentralized lending and borrowing protocol, MELD is always looking for ways to improve the user experience and provide more flexibility and control to our users. That’s why we are excited to announce our partnership with KyberNetwork, a decentralized, blockchain-based protocol that aggregates liquidity and enables the exchange of tokens without an intermediary.
What is KyberNetwork?
KyberNetwork is a decentralized, blockchain-based protocol that offers a suite of products and services that provide users with a seamless and secure way to trade, earn, and build with cryptocurrency and other digital assets. These products and services include KyberSwap, a decentralized exchange (DEX) that allows users to easily swap their tokens on a particular blockchain; KyberDAO, a decentralized autonomous organization that enables community governance over the KyberNetwork; and KyberDeveloper, a platform that provides tools and resources for developers to integrate KyberNetwork into their own products and applications. In addition, KyberNetwork has partnerships with other leading companies in the DeFi space, such as MultiChain, to provide users with even more flexibility and control over their assets.
MELD x KyberNetwork
The partnership between MELD and KyberNetwork is two-fold. First, when MELD’s protocol becomes available on an EVM chain, we will use KyberSwap to facilitate swaps directly from the MELDapp. This means that our users will be able to swap their assets without ever having to leave the platform, providing them with more convenience and flexibility.
Second, KyberNetwork has a partnership with MultiChain, a bridge with over $1 billion in total value locked, which eliminates the need for users to interact with external dApps for bridging and cross-chain swapping. This means that MELD will be able to leverage KyberNetwork’s existing partnership with MultiChain to allow for a seamless user experience for users who wish to move their assets from one EVM blockchain to another, directly from MELD’s non-custodial wallet, with only a few clicks.
One of the key benefits of partnering with KyberNetwork is their commitment to security. Kyber’s technology has facilitated over $7B in trades and is audited by ChainSecurity and is also insured by Unslashed, so users can trade, earn, and build with confidence. Furthermore, their code is on-chain and open source, adding an extra layer of transparency and security.
The partnership between MELD and KyberNetwork is a major step forward for the DeFi space, as it will enable the seamless exchange of assets across different blockchains. This will provide our users with more flexibility and control over their assets and will allow them to take advantage of new opportunities in the DeFi space, all while being backed by KyberNetwork’s commitment to security.
We are excited to be partnering with KyberNetwork and are looking forward to working together to improve the user experience for our users and make the world of DeFi more accessible and user-friendly.
Stay tuned for more updates as we continue to improve the user experience of our platform!
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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