![]() In concept, Meld is the closest to a bank as opposed to a collaborative crypto service.” “In contrast, the other services are more focused on most early crypto investors, who were far more technology-centric. ![]() “Meld is the first I’ve seen that genuinely attempts to provide a crypto service to Joe Public,” he said. The existing decentralized crypto lending platforms have a different focus than Meld’s, according to Rob Enderle, principal analyst at the Enderle Group. Our goal is to try and bring these concepts from the world of crypto only into the real world.” With Alchemix, you can get a loan that pays itself off but you can only borrow more crypto. “With Aave you can lend crypto to borrow crypto, with Meld you can lend crypto to borrow fiat. “We do many of the same things that Aave and Alchemix do, but we bring the real world of fiat and banking to it,” Olling said. Existing platforms similar to Meld’s include Aave, MakerDAO, Compound, Alchemix, PhoenixDAO and Venus. The market Meld is entering is already a bit crowded. It will also share profits with stakeholders, people who buy Meld tokens. and hopes to eventually do business here when regulations around crypto lending have been established. It plans to start lending outside the U.S. Instead of analyzing FICO scores, debt-to-income ratios and other determinants of creditworthiness, many use cryptocurrency as collateral and hedge by lending less than the crypto is worth. ![]() Crypto lenders compete with traditional banks but have radically different business models. It’s joining a growing market of crypto lending platforms that let cryptocurrency holders keep their digital assets, yet get some value out of those assets, such as interest or a loan. The Singapore-based company raised $45 million in a private token sale that closed Thursday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |