Some issues that a lot of people seem to be having…
With only three days left to stake your $MELD in the 12-month pool (yielding 15% APY), we want to make sure you are equipped to overcome the most common challenges people have when interacting with the current version of the MELDapp!
Below you will find a series of Problem:Solution that we have come across over the course of the MELD token launch:
Transaction error: Not enough funds
Need ADA collateral to interact with smart contracts. Add 10 ADA to Nami Wallet and then add 5 ADA to the collateral section of NAMI wallet. This allows you to interact with the MELDapp. Adding collateral is not instant, need to wait approx 30 mins before you can stake
Error: Desktop site only
MELDapp only works full screen on desktops. Does not work if they’ve increased the scaling on their desktop. Need to use a desktop and click “maximize window”. If this doesn’t work zoom out of the window by pressing “Ctrl -”
Can’t see assets on Yoroi or Daedalus
Yoroi and Daedalus do not show Cardano Assets in balance. Need to click on the assets tab within the wallet extension/app to see MELD Token.
Decimal point may be wrong and show more MELD than they actually have
Uses Yoroi Wallet
MELDapp does not support Yoroi Wallet. Connect Yoroi wallet to Nami wallet and copy the recipient address from the NAMI wallet app. Attach a link to get nami wallet extension so they don’t download a fake one
Hardware wallet issues (Ledger and Trezor)
Ledger and Trezor supports the $ADA token but doesn’t support Cardano smart contracts so staking won’t workUse a new Nami wallet that isn’t connected to a hardware wallet
Downloaded fake NAMI wallet
ONLY download NAMI wallet from https://namiwallet.io/
*NAMI wallet does not currently have a mobile app.
How to add collateral to NAMI wallet:
- Go to NAMI wallet
- Click on Profile
- Click Collateral
- Input password
- Confirm — Be sure to have ~5 ada within your wallet while performing this process
MELD — Be Your Own Bank
We think it is 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 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.