MELD is the first DeFi, non-custodial, banking protocol. You can securely lend & borrow both crypto and fiat currencies with ease and stake your MELD tokens for APY.
MELD lends fiat currency provided by lenders to borrowers that collateralize cryptocurrency in a MELD smart contract. The lender receives a high interest rate from secured investments, whilst the borrower can maintain their crypto positions and see them grow, which has an average annual rate of 32% (BTC IS 196%) CAGR. MELD stakes the collateral in community-managed Vaults (LPs) generating yield, with 40% going to MELD stakers and 60% to various other functions such as products, treasury, development and operations.