In Avalanche we have plenty of options to lend and borrow assets.
But @MELD_Defi is pioneering this banking activity through connecting FIAT and DeFi.
Let's see how they do it and how it can become a DeFi game changer across several platforms:
It's important to note that what makes MELD stand apart is that it serves as a seamless bridge between FIAT and DeFi.
This means that, as you can see in the image in the main tweet, you can borrow FIAT using the MELD protocol through cryptocurrencies.
Sounds great, right?
The borrowing and lending process is pretty similar to other DeFi protocols with these activities, but what makes the difference here is how it involves FIAT with DeFi.
When you borrow FIAT assets, you interact directly with the Neobank.
The Neobank is the part of the MELD protocol that easily bridges FIAT to DeFi.
All of these lending and borrowing processes run smoothly thanks to the MELD vaults, that are liquidity pools where users supply and borrow assets from.
Here's a view of MELD from above.
As you can see, it is all connected seamlessly and safely.
If you want to try @MELD_Defi, you know what to do. ;)
Join MELD's Neobank Early Access so you can access these incredible features since day one!
meld.fi
αɾʂԋ9000 🔺
@Arsh0x1
@avax official ambassador | DeFi Researcher | #Avalanche ambassador for @MELD_Defi | Marketing Consultant at @BioFiGlobal 🧑🏻💻
