MELD — CardWallet Partnership
MELD and CardWallet join forces to develop Oracle infrastructure, a research group, and more!
MELD and CardWallet are proud to announce a strategic partnership!
We will be integrating each other's services and work towards contributing to the development of a DeFi ecosystem on the Cardano blockchain. Coming from this effort, we will be forming a joint research and development group to help create public goods for the Cardano Ecosystem along with Oracle infrastructure, being built with ChainLink, for the DeFi industry.
CardWallet is a non-custodial wallet solution built for the Cardano blockchain and several other protocols, incubated by the Occam Association. With out-of-the-box support for Cardano native tokens and Visa, Mastercard, and ApplePay fiat on-ramps, CardWallet is expected to rapidly become a major wallet provider for the entire crypto ecosystem. CardWallet’s strategic and technical partners already include Scalable Solutions, Simplex, Occam.fi, Nodeseeds, and Crypto Dorm Fund.
The purpose of this partnership is to cooperate with CardWallet, support each other’s tokens in our respective protocols, and the sharing of token liquidity.
On top of this, we will be coordinating and sharing the developments between our mutual wallet technologies, including the use of each other's APIs, and access to protocol information.
Tiago Serodio, the CEO and co-founder of CardWallet says:
“ A decentralized banking stack is just the perfect project for us to collaborate with. I am quite sure that our teams are going to work on several pioneering creations to build a brighter future for our community. Looking forward to our partnership with MELD.”
Interoperability and composability are key tenets that drive the blockchain technology developed by all participants in this agreement.
In this spirit, MELD and CardWallet see the value of collaborating…
🔀 MELD x CardWallet — Integration
In this partnership MELD and CardWallet will work together to mutually integrate our tokens into each other’s systems and support each other’s ecosystems. This including the following:
1 — CardWallet to integrate the MELD protocol to enable web3 connectivity to CardWallet
CardWallet users will gain access to MELD protocol functionality.
2 — CardWallet to provide support for $CW/MELD liquidity pairs on external DEX
CardWallet will provide the $CW token as liquidity to a $CW/$MELD liquidity pool that will be created and held on an external DEX. Users will be able to swap $CW for $MELD and vise versa.
3 — Meld protocol to provide access into MELD Vaults (LPs), MELD’s token, mUSD, mEUR, mBTC, mETH, and mBNB
CardWallet will gain exposure to MELD liquidity, offering CardWallet users access to new assets to trade with. The benefits are twofold:
- CardWallet users gain access to deep liquidity pools, reducing slippage, and offering more value to the users of the platform
- MELD Vaults gain exposure to more users to perform swaps, generating greater trading fees APY
4 — Deploy MELD lending market for $CW and maintain its orderly operational/technological performance used by CardWallet
We will be supporting the CardWallet ($CW) token on the MELD protocol. Users will be able to lend and borrow $CW within the lending/borrowing section of the MELD protocol. Users could lend $CW to earn lending fees APY, or users could borrow $CW by deposing some other cryptocurrency as collateral.
🔮 Further Collaboration
- Create a joint research and development group to tackle Cardano Ecosystem problems
- Development of Oracle infrastructure for Cardano’s DeFi landscape with Chainlink
- MELD and CardWallet will collaborate on the development of core wallet technology to support the Cardano blockchain and Cardano Native Tokens (CNT)
We are excited to work with CardWallet to integrate each other products, services, tokens, liquidity, and engineering resources! There are large benefits for both users as our offerings are not combative, but conciliatory. Both companies gain access to something they didn’t have before.
Beyond the product/service integrations, the formation of our joint research and development group to tackle Oracle infrastructure, and other Cardano ecosystem-based public goods is something we are very much looking forward to. Glad to join forces!
Let’s get to work 🚀
MELD — Have it all
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, to access 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.