MELD (Cardano Ecosystem MELD Token) Explained Simply

MELD is described as an open-source, decentralized, non-custodial liquidity protocol for earning yield on deposits and for borrowing fiat (USD and EUR) against crypto collateral.

The governance token of the protocol is called MELD token and holders can earn yield by staking. MELD claims to be the first to incorporate fiat loan capabilities in the digital currency ecosystem in order to facilitate better transactions between crypto and fiat positions. The development team is looking to make the MELDapp available on web browsers, iOS and Android devices so that users can easily lend, borrow or manage their crypto assets.

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