MELD Launches Financial And Web3 Products As Avalanche Subnet

Twitter icon  •  Published hace 10 meses  •  Hassan Maishera

MELD is launching its suite of financial and web3 products as an Avalanche Subnet in an effort to bridge the gap between crypto and traditional finance and empower financial independence in the DeFi ecosystem.

The Avalanche team announced via a Medium post on Wednesday that MELD is launching its suite of financial and web3 products as an Avalanche Subnet in an effort to bridge the gap between crypto and traditional finance and empower financial independence in the DeFi ecosystem.

By launching as an Avalanche Subnet, MELD will have more control over its security infrastructure, opportunities for customization, and increased scalability and performance without sacrificing interoperability. The MELD Subnet will use the MELD token to pay for transaction fees. MELD enables users to borrow fiat currencies (USD and EUR) against their digital assets, without having to sell their digital assets, expose their private keys, or provide custody of their assets to a third party.

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up by 2% so far today and currently trades at $17.07 per coin.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.