We are thrilled to announce our first NFT collection —MELD Bank Managers!
The MELD ISPO was a huge success! 🥳️🎉 A way to show our gratitude; as a token of appreciation, we have created 40,000 unique NFTs, each having their own unique evolution process and visual rarity. These NFTs, when evolved, will provide greater APY (up to 5% more!) when staking $MELD to the MELD protocol.
Every ISPO participant will be eligible to mint one Bank Manager NFT per wallet shortly after the ISPO ends for only 3 $ADA.*
Introducing…
MELD Bank Managers 👨💼 👩💼
Come January 31st, users will be able to stake $MELD directly onto the MELD protocol to earn $MELD. There will be a place within the MELD protocol where users can deposit their MELD Bank Manager NFT to increase the yield generated on their staked $MELD! 💸
Bank Manager Evolutions
At first minting, everyone will be receiving a MELD Bank Manager. Holders of the NFT will be able to stake their Bank manager alongside their $MELD on the MELD protocol which will provide up to 5% more $MELD APY.
Over time, as you are staking your $MELD to the MELD protocol, your NFT will evolve and increase its visual rarity!
The NFTs have a one time use within the MELD protocol, and anyone can utilize the NFT.
💎 What about Diamond Hand ISPO participants?
For those who are unaware, we had a bonus rewards program where we allocated bonus $MELD rewards to longer-term ISPO delegators, as seen below:
User delegates for:
30+ EPOCHs:
💎 Diamond Hands (+25% more $MELD)
We have created a special MELD Diamond Hands NFT specifically for those who delegated 30+ epochs to the MELD ISPO!
⭐️ These NFTs will be sent along with your Bank Manager in the minting process ⭐
The Diamond Hands NFT will be purely aesthetic and was initially created to NOT have utility, outside of showing it off to your jealous friends of course… 😉
Utility of the MELD Diamond Hands NFT may be integrated in the future
❓ Question / Answer
- Who is eligible to mint a Bank Manager?
MELD ISPO participants. - When will minting start and stop?
Minting is planned to start in January. - Can you sell the evolved, or non-evolved, NFTs to others?
Yes - ✨ If you haven’t participated in the MELD ISPO, can you buy an NFT from someone and use it in the MELD protocol to earn bonus $MELD rewards for staking $MELD?
Yes - Where can you mint them?
We will be announcing a site shortly! - How much will they cost to mint?
3 $ADA*
*There will be some extra ADA returned to you after the minting process. MELD Labs is making no profit from this initiative.
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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