MELD — SundaeSwap Partnership
MELD teams up with SundaeSwap, The Sweetest Decentralized Exchange on Cardano 🍨
SundaeSwap Labs, Inc. has teamed up with MELD to support each other’s ecosystems, including token integration, mutual liquidity provisioning (including MELD’s innovative Credit Markets), and collaboration on some very exciting development efforts that we’ll be sharing in the future.
MELD offers the first decentralized finance (DeFi) non-custodial banking protocol. Built on the Cardano blockchain, it enables secure lending and borrowing of both crypto and fiat currencies with ease, as well as the staking of MELD tokens for APY. The partnership will enable MELD and SundaeSwap to work together to mutually integrate our tokens into both protocols, as well as support each other’s ecosystems. The effort is designed to support increased liquidity for both MELD’s Credit Markets and the SundaeSwap DEX, a decentralized exchange where Cardano-based peer-to-peer transactions can be conducted quickly, safely, and inexpensively.
Liquidity support will be provided through the ability to seamlessly trade ADA against MELD stable coins and wrapped core assets on the DEX. SundaeSwap users will enjoy access to MELD’s deep liquidity pools, which will help reduce slippage and improve value to the users of the SundaeSwap platform. In turn, MELD Vaults will gain exposure to more users to perform swaps, generating greater trading fees APY and providing better yields to MELD Vault depositors.
MELD Credit Markets Integration
MELD’s Credit Markets will support the $SUNDAE token as collateral on the MELD protocol, providing additional liquidity for the lending market. Additionally, SundaeSwap will implement features to facilitate a healthy state of liquidity of MELD’s lending market.
“MELD is working on some exciting projects that will not only support the SundaeSwap DEX, but the entire Cardano ecosystem,” said Artem Wright, co-founder of SundaeSwap Labs. “By working together, SundaeSwap will be able to support these efforts, and users of our DEX will benefit from this collaboration through the additional liquidity and access the collaboration will provide.”
“Sundae is one of the projects everyone looks to, so to be able to collaborate and work together toward creating DeFi primitives and build the ecosystem is going to be fantastic!” said Ken Olling, Co-Founder and Chairman at MELD. “We expect much more to follow.”
SundaeSwap Labs develops decentralized finance (DeFi) platforms that enable economic empowerment for all. At the heart of its development efforts is the SundaeSwap DEX, a decentralized exchange where Cardano-based peer-to-peer transactions can be conducted quickly, safely and inexpensively. The SundaeSwap DEX allows participants in the Cardano blockchain to provide liquidity and create a market for others to exchange their native tokens. In return, swappers pay a small fee and liquidity providers earn a return on their deposit. Cardano is a third-generation blockchain noted for its transactional efficiency, relatively low environmental footprint and peer-reviewed secure technology. SundaeSwap Labs is a Wyoming corporation.
SundaeSwap’s website: https://sundaeswap.finance/
MELD offers the first decentralized finance (DeFi) non-custodial banking protocol. They provide financial freedom and self-control to everyone, including some 2 billion people worldwide who are unbanked and underbanked. MELD’s innovative solutions allow individuals to manage their money on their terms. Whether that may 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, MELD strives to provide its users with the functions they need to manage their own financial lives.