Dec 12, 2022
MELD — Web3Auth Integration
Improving User Experience and Enhancing Security with Enterprise Grade Multi-Party Computation (MPC)
We’re excited to announce that the MELDapp will be integrating Web3Auth into the protocol as a new wallet connect option for users that don’t currently have a wallet. This is a super exciting partnership as it will help drive the growth and adoption of MELD and DeFi, assisting new users to securely access our platform and its offerings.
What is Web3Auth?
Web3Auth is a wallet-agnostic authentication solution designed to give users secure access to decentralized applications and services. It is a secure and easy-to-use solution that allows users to interact with decentralized applications without the need to install a wallet. Web3Auth enables Web3 wallets and decentralized applications to provide seamless user logins through both standard Web3 interfaces as well as Web2 platforms like Google, Facebook, Twitter, and Discord.
By integrating Web3Auth, MELDapp will provide users with an additional, secure access option to interact with the platform. This is a great step forward for the MELD protocol, as it will make it more accessible to users who do not currently have a wallet and are not tech-savvy.
We are very excited to have Web3Auth as part of the MELDapp and look forward to the growth it will bring to our platform and the ecosystem at large.
MELD x Web3Auth
This partnership is aimed at improving the user experience of our DeFi protocol and making it as frictionless as possible for our old and new users to access and use the MELD ecosystem.
With Web3Auth’s technology, users will be able to easily and securely connect their Web3 wallets to MELD and begin using the platform without any added complexity or inconvenience.
The difference is now users will be able to interact with the MELD protocol by signing in with familiar logins such as Google, Facebook, Twitter, and Discord, creating a web3 wallet upon login, and enabling the user access to the MELD protocol, web3, and the greater DeFi ecosystem.
This will make it even easier for users to get started with MELD and DeFi, as they can use the login from platforms they already know and trust.
Web3Auth’s services are already being used by industry titans such as Binance, Biconomy, Skyweaver, and many others. However, we will be one of the first DeFi protocols on Cardano to offer this at the mainnet launch!
In addition to improving the user experience and enabling familiar login options, the partnership with Web3Auth will also enhance the security of our platform. Web3Auth’s authentication infrastructure uses enterprise-grade multi-party computation (MPC), making it even more secure for users to manage their wallets and keys. You can read more about their MPC technology here.
Stay tuned…
We will be releasing more updates and what it will look like within the MELDapp interface and what the user experience will be once we finish the integration!
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.
Website | GitBook | Twitter | Telegram Group | Telegram Notifications | Linkedin | Github | Youtube | Discord | Facebook | Instagram | Mail
