MELD Public Testnet — LIVE

Expanding the testnet, 500 codes/day to new testers

Published in

MELD

4 min readMar 6, 2023

We are excited to announce that the MELD Public Testnet is now live and available for use to the general public. After months of hard work and testing, we are thrilled to offer a sneak peek at our innovative financial tools to a wider audience.

We want to thank our community for their support and patience as we worked to refine the protocol and improve the user interface and experience.

See MELD Tech Updates for our development progress to the MELDapp during the past few weeks.

We are opening up the testnet to everyone in stages, giving out 500 access codes per day🎫

MELD Public Testnet

With the launch of our public testnet, we are now able to test our updates on a larger scale and gather valuable feedback from our users.

The public testnet is an opportunity for users to interact with the MELDapp and perform tests on the protocol. We will begin with pool-based lending and borrowing on Cardano and gradually introduce additional functionalities like the negative interest rate genius loan, crypto-to-fiat loans, a line of credit with a debit card, and more.

How to gain access

Join the MELD Discord
Go to the #general discussion channel
Type in the /access_testnet command
Enter your email

You will be sent an onboarding email with your unique access code, instructions for accessing the MELDapp, and instructions for submitting feedback and reporting bugs.

Access to the testnet will be on a first come first serve basis
500 access codes will be released to the public per day
We will be releasing new codes every Monday at 00:00 UTC

NOTE: If you were part of the original white list you already have a code.
There’s no need to get another one.

After you’ve received the introduction emails and code:

https://testnet.meld.com/supply-and-borrow

Users can set up a wallet and access the lending and borrowing protocol interface, supply/borrow assets, perform a DEX swap on Wingriders testnet, wind up and leverage a position, short a token by borrowing it and swapping it for USD, and anything else you can attempt! Your feedback will help us improve the protocol and deliver the best possible user experience.

The MELD team will also carry out rigorous tests during the public testnet to ensure that we are delivering safe and efficient operation of the protocol. We will adjust pool and protocol parameters, measure the impact of different risk parameters, load test all components of the system, add pools, add new features to the protocol (bank managers), and test the liquidation bot.

Please note that this is version one of our public testnet and not all functionalities will be available at this time. We will continue to improve and refine the protocol as we receive feedback from our users.

We encourage you to participate in the public testnet and provide us with feedback. You can follow us on Twitter for updates, screenshots, and interesting interactions as people try to break the protocol. Thank you for your continued support, and we look forward to bringing game-changing financial tools to users globally with MELD.

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 these tools. These are the people that are paying the highest fees, and 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.