Reddit Posts
Projects taking liquidity from Cardano and building elsewhere (Updated)
Projects taking liquidity from Cardano and building elsewhere
MELD Banking Stack for DEFI Project Overview and Price Prediction
Genius Yield: The Yearn Finance of Cardano. Or something more?
Genius Yield: The Yearn Finance of Cardano. Or something more?
Genius Yield: The Yearn Finance of Cardano. Or something more?
What is an ISPO and how it is bullish for Cardano?
🔥 Melodity – $MELD | ICO Live on Melodity.org | Major Partnerships with Influencers and | Music Artists | Web3 Ecosystem | Fully Doxxed & KYC'd Team | 📱 L2e, P2e, Nfts & Metaverse Incoming | 💎 Amazing Gem | Contract Audited | Stacking | Dao | Bsc Token | Cmc & Cg
"Comparison of ISPOs on Cardano" - Brilliant post found on the Cardano sub worthwhile read for anyone looking to delegate to the present and upcoming Cardano ISPOs
Caradano is buzzing with all kinds dApps and DEXes and once they go live, we'll witness the real boom in their ecosystem and thus in its price.
Mentions
I'm not heavily invested but holding the MELD earned from the ISPO. Not worth selling at this point.
I bridged MELD from Cardano to the new MELD chain without linking a Google account. I believe they fixed this following negative user feedback.
Not exactly the same, but MELD on the Cardano chain, decided to migrate to a new MELD token, I think because they wanted to use AVAX, hence having to faff about with users creating a MELD wallet and stuff, worse was that the wallet was linked in with Google! Can't swap the old to new without it and can't use a DEX.....Guess they are hoping that at end of year they can reclaim the non migrated tokens to their treasury! 🙄
MELD is at good price
I currently hold BTC, AVAX, HBAR, KAS, FTM, MELD. I like where I am ahead of a possible bull run. But, someone else may not like my picks. Someone surely has a better list that will get more returns. Other than BTC and KAS, I try to get 5-10% returns through legit staking on a layer 1. That’s my logic. All of these have done better than ADA had I stayed there. I’m up about 30% on my investment today. I bought nonstop from 01/2022 - 12/2022. Dumped a lot into it. Im not moving anything or trading around. I’m locked in. I’m selling in 11/2025 regardless. No sooner. That’s my plan.
I was interested in MELD gold and silver on Algorand. They have a mechanism for converting to real metal. I have also heard that UAE is already tokenizing gold on XDC. I’m thinking BRICS might do something like this for a basket of assets. I hold XDC because of this, but it isn’t supported on most normal exchanges.
I think MELD on Cardano did this a couple of months ago. There was a bit of a backlash by techies (not your key etc) but yeah, this is coming more and more. Also Reddit with Moons is developing in quite a similar direction.
I wonder what these folks would make of Tokenized precious metals like MELD Gold and Silver. Probably wouldn’t be fans
>It is pretty obvious that it is difficult to build on Cardano due to eUTXO/Haskell choices Haskell can be completely avoided for dApp development, as there are multiple libraries and languages that it can support. EUTxO development has also become easier due to better tutorials around it. I don't know much about WorldMobile, eTukTuk Paribus (the latter which seems to be for NFT Lending, is already on Cardano). MELD has built their contracts on Cardano, but haven't released yet for technical reasons (which I'm curious considering Lenfi and Liqwid have built on Cardano). >- Ardana and Orbis quit all development because of the difficulties. This is true for Orbis, but not Ardana considering the fact that other projects that built what Ardana said they were going to build. >-for the non-existent Cardano devs. I don't know why you always have to make such tribalistic and disrespectful remarks. There are developers on Cardano who put there time and effort into improving the platform, yet you say they're "non-existent"? It's ironic to make remarks like this but then say others are "sounding extremely stupid". Emurgo can do way more to support and Charles over hypes everything, but don't put against all the builders and community members who are honest and committed to the platform. It's disingenuous to them.
Both things need to change, Imo, if only because the user experience for the vast majority of people is infinitely worse on Cardano than others. Funny you mentioned MELD as I avoided topping it up today with some profit from another coin ripping hard recently and I avoided that thanks exclusively to the 2 ADA fee. (I'll just get some on Avax... which is kind of the point: people will avoid Cardano if there's no need to use it. That's not good for Cardano.)
Thank you! The 2 ADA fee when you are trading on DEXes (like Minswap, Sundaeswap, etc.), is really something that I find painful too. Especially, when you want to trade a very small amount of Crypto. It is called "batcher fee", and it is a way to take throughput from mainnet. It is something that with Input Endorsers, might change. I hope, at least. Also, about the 0.17 fee. This amount can change, and there are conversations right now (MELD, a Lending Protocol on Cardano requested it) ), to change the algorithm and go to a fee market (kinda like Ethereum, with some differences). If this happens, then, this amount could be more flexible, and it will mirror the ADA's price in USD terms.
Then backup your seed words to something like this. https://www.reddit.com/r/MELD\_labs/comments/waagjn/safu\_ninja/
I would look for Neobanks for next bullrun. -SCLP Scallop -MELD Meld Finance Both will have their own blockchain, FIAT-CRYPTO Ramps and Fiat bank accounts. SCLP low market cap gem, soon to have international banking license MELD got big team, they going to launch App and Fiat accounts in 1 month. Think both have potential for 10-20x on short term (1 year) 50-100x long term (2-4 years) www.scallopx.com www.meld.fi Meld finance www.meld.com Meld labs
Yep, still am an Ambassador for MELD.
Mr Guava, wasn't you a MELD related?
I feel you. I thought dgaf would be the next one to pop off and I’m actually down there. Made me risk averse for getting in to any of the other memes at the moment. Will probably start moving slowly back in to MIN, MELD, WMT and other solid top 25 tokens.
Does staking interrupt if ADA is moved from Yoroi to ETERNL - I'd like to gather ADA and MELD together. DAPPs browser is tempting too ...
Cardano is becoming a blockchain of blockchains. And right now that’s creating confusion, and being misreported. Cardano has a sidechain model to add on “new features” to its blockchain. This effectively means that other SDKs are being added over time as sidechains. Cosmos SDK with WMT is one such example. You should look into Cardano’s sidechain model: https://docs.cardano.org/cardano-sidechains/basics/introduction-sidechains There are many sidechains coming to Cardano. As I mentioned previously, WMT wants to bring on a Cosmos SDK as a sidechain of Cardano. Read more here: https://altcoinoracle.com/wmt-is-working-on-a-new-cardano-sidechain/ But there are others sidechains coming soon as well. Other examples: * An EVM sidechain: https://iohk.io/en/blog/posts/2022/07/06/introducing-the-cardano-evm-sidechain/ * Hypercycle (An AI sidechain) https://blog.singularitynet.io/introducing-hypercycle-singularitynets-radically-scalable-ledgerless-cardano-sidechain-3abbb24ff880 • Midnight (a data protection sidechain): https://academy.geniusyield.co/articles/cardano-side-chains-explained-midnight?hs_amp=true Charles has also mentioned hyperledger sidechain. Why is WMT pushing for a Cosmos sidechain on Cardano? Because Cardano’s blockchain is public ledger like all the other blockchains. But in the ISP Industry, there are consumer privacy protections standards that WMT must abide by. This means that blockchains are not equipped to serve this use case. Thus the need for industry-specific sidechains to create solutions that can abide by industry standards while taking advantage of Cardano’s security guarantees. ————- - Ardana and orbis are mismanaged projects that failed there are those in every ecosystem. - MELD is building a multi-chain platform. And one of the platforms they are looking at is avalanche. MELD is current in testnet on Cardano today. A project going multi-chain doesn’t mean it “abondoned” Cardano. - Idk much about the Paribus situation.
MELD project looks kinda neat for this type of use.
Also, everything they’ve delivered so far has had to be built off-chain using batchers, relayers and hosted liquidation bots because the chain has low throughout, concurrency issues, memory constraints and isn’t performant enough for DeFi (remember the Sundaeswap launch?). Any sort of liquidity cascade on collateralised positions and their on-chain oracle system falls over and blocks fill up. It will be chaos. MELD aren’t choosing Avalanche, they’re being forced to go there.
>WMT and Meld, two deeply rooted Cardano projects, using a completely different tech stack that belongs to competing blockchains while maintaining their tokens on Cardano for "naive" liquidity screams red flags to me. Agreed, though in the case of MELD, at least there are Cardano alternatives to it. >Do you honestly believe the current reality of side chains built on EVM or Cosmos SDK and BRIDGED to Cardano, is the same that Charles was hyping, i.e settlement layer and computation layer on Cardano? I didn't say anything remotely close to that, so no. IELE and K were supposed to be the computational layer, but I guess that was unsuccessful. >It's obvious to me the vision of building on Cardano has failed According to whom? There are still devs building on Cardano. I don't know why you're pretending that devs don't exist on Cardano; there's some hard working people on Cardano, and I think it's messed up to pretend they don't exist. >hell Charles was saying most projects will migrate from Ethereum to Cardano. Charles says a lot of shit. Just ignore him.
>Cardano is hard to build on, their choice of eUTXO and haskell based programming makes it unattractive to developers. People don't even need Haskell anymore to develop dApps on Cardano; there's Aiken/TxPipe, Helios, Plu-ts, OpShin/Hebi, and Scalus for non-Haskell development. EUTxO being a barrier is a fair point, though. > while selling expensive Plutus programming courses for the non-existent Cardano devs. "Non-existit Cardano devs"? That's disrespectful for those who are developing on Cardano. You can say developing on Cardano has been hard, but to say there's no developers on Cardano sounds tribalistic. >Wth is going on? World Mobile makes sense for the scalability. I'm not sure about MELD, but seeing that lending protocols like Liqwid and Aada has been released on Cardano, I'm really curious to see what barriers they had. Not sure about Paribus, either, though they probably left for the same reasons. Ardana was weird since they seemed to focus on their token more than getting a project out (though other projects made what Ardana said it would do). Orbis would've been great for Cardano if they could've figured out a way to intergrate it with Cardano. I think Cardano has enough NFTs, so it missing one is nothing compared to missing other projects that would be valuable.
I'm a fan of AADA (Lending/borrowing platform uses NFT bond to trade the debt). If you go to [taptools.io](https://taptools.io), there will be charts and metrics. I was bullish on MELD about a year and a half ago when I staked for their ISPO, but they've continued to be a let down so I'd avoid them. Minswap is a great platform for LP/Farming, min token has been doing well, but it's more of a payment token with a 5B supply and only currently 15% circulating so not sure what drove the price up; as much as I like min, it's not a long term hold. Haven't looked into what WMT has been up to (worth a look though) Started messing around with Indigo Protocol with staking iBTC; INDY is also a low total supply coin and a payment/reward coin. I haven't dug into it's whitepaper for tokenomics yet, but their platform is interesting.
Ever since them renegging on their bank manager NFT airdrop feb 22; I've been feeling MELD is just a scam anyways.
Here is a [Nitter link](https://nitter.net/MELD_Defi/status/1643996800561594374) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
https://twitter.com/MELD_Defi/status/1643996800561594374 Notice the Meld news isn’t posted yet “MELD has identified an issue with the way transaction processing is handled on Cardano, and how it impacts the MELD protocol that could disrupt key parts of MELD’s protocol.” UTXO strikes again. Good play Charles.
>You might be taking my posts a bit too literally, it was just a joke about articles on Cardano now claiming it’s an EVM in response to the OP, but I left off the /s. Yeah, I highly doubt that was meant as a joke, and Cardano didn't claim anything. A single dev did, and some agreed to it. This isn't the first time you went for the "it was a joke". >We often have fairly constructive and useful conversations, I’ve got no gripes with you. [Ignoring me when I call you out for disinformation](https://np.reddit.com/r/CryptoCurrency/comments/11fbdfn/comment/jasbowe/?utm_source=share&utm_medium=web2x&context=3) isn't "fairly constructive and useful". [Posting erroneous articles about DJED](https://np.reddit.com/r/CryptoCurrency/comments/10v78i0/comment/j7geuad/?utm_source=share&utm_medium=web2x&context=3) isn't "fairly constructive and useful". [Lying about COTI taking all the fees for DJED](https://www.unddit.com/r/CryptoCurrency/comments/10pxepq/comment/j6munfc/?utm_source=share&utm_medium=web2x&context=3) isn't "fairly constructive and useful". [Falsely saying the MELD isn't releasing on Cardano because it is "dead on arrival"](https://www.unddit.com/r/CryptoCurrency/comments/10c6xwj/comment/j4f1goi/?utm_source=share&utm_medium=web2x&context=3) isn't "fairly constructive and useful". [Blocking me for asking you to explain yourself](https://www.unddit.com/r/CryptoCurrency/comments/wbi144/comment/ii6z584/?utm_source=share&utm_medium=web2x&context=3) isn't "fairly constructive and useful". [Calling Cardano a scam](https://www.unddit.com/r/CryptoCurrency/comments/vz5pnj/comment/ig8ag4f/?utm_source=share&utm_medium=web2x&context=3) (and going for the "iT wAs A jOkE") isn't "fairly constructive and useful". You never responding to what I say isn't "fairly constructive and useful". Point to one isn't "fairly constructive and useful" we've had, because I honest to God cannot find one. >As for misinformation, the original point which you’ve been going after me for some months now was my claim that the Meld CEO had implied that launching on Cardano mainnet was going to be difficult and that they were considering Avalanche as a Plan B. I was referring to you posting an article claiming DJED crashed to 13 cents was the misinformation I was talking about. As for MELD, I never once claimed you said that MELD launching on Cardano would be difficult (according to the CEO), so that's just a lie. Show me evidence saying otherwise, though you either going to: 1) Block me again. 2) Not respond at all. 3) Reply, but don't actually address what I'm saying. Also funny you don't deny your cultism. At least your honest about something.
$MELD A lending borrowing protocol which is about to hit main-net at a good time (when most of the other competition has been wiped out 😂) They are going to enable crypto to fiat borrowing, so there will be no taxable events on loans. They are going to become a neobank and already have an EMI license. They are chain agnostic. Solid team building steadily through the bear market. Could be a very interesting one to keep an eye on.
ADA as well as some native tokens on Cardano. MIN, WRT, WMT, MELD, GREENS
I'm specifically not doing any sort of Defi now because of how complicated it feels it would be to do taxes. How do i report I stakes some ADA for MELD, converted rewards to Milk, staked my Milk for some SUNDAE. Just sounds ludicrous. Just becomes absolutely mind blowing if you don't track every transaction as you go. Have tried using Koinly (and probably my fault) but I got far too many random profit I couldn't account for.
I think that’s a fairly safe bet. I could see it hitting that and crabbing around that price with a quick pump up to $6-7 before another bear comes around. I think it depends on BTC leading the way and breaking $100k. That said I’m no expert and also I’m betting more on some of the native tokens. MIN, WRT, WMT, MELD to name a few.
Ada. I’m while we’re at it give me a bit of WMT, MELD, HOSKY, MIN and a dozen other native tokens on the chain. Those are gonna fly.
Or one time my MELD shot up like 30% but I still couldn’t sell because slippage and no volume I tried to sell and actually lost money
MELD, AGIX, NTX, GREENS, MIN, WRT are some of the ones I've picked up. Probably a half dozen more I'd like to get in to.
Also MELD and Axo planned for Q1.
Then don't count the ADA staked or the protocols that have native tokens locked up in smart contracts (MELD and AADA come to mind) The rest of AADA bond marketplace should show up though.
I also don't use USDC, but consider it way safer than DJED. The topic is why apparently some projects move away from Cardano, I simply stated my opinion. Not having basic things like USDC, how good or bad they might be, is not an upside, it is a clear downside, which is mainly based in the underlying design of Cardano. Don't twist my words please. I never said that algorithms are bad. I said algorithmic stable coins haven't proven themselves so far, and have bad reputation after LUNA. That's just a simple fact. It isn't the job of a permissionless protocol to decide which company is evil or good lmao, less options to builds something are less options to builds something. When they want to build something regulatory compliant and centralised with it, what's your problem with it? Do you want to censor which business types are allowed on a decentralised blockchain? Maybe allow only businesses you personally like? Go away with your pseudo crypto knowledge and fucked up philosophy. It is not even about USDC or Circle for me, it shows also with WMT or MELD. Cardano isn't suitable for many important use cases and business types, which is a terrible design for a start contract platform. Simple.
Yeah, it is a soft switch for now, they just don't want to upset their holders base which are mainly Cardano folks, and they might still have some dependency with IOG or Cardano Foundation. MELD did something similar, before launching on Cardano, they announced doing stuff on other blockchains. Longterm, they probably will migrate away entirely. Cardano is just too expensive to develop on, doesn't offer particularly good speed/security/fees, and the entire blockchain design is very limiting what you can build on it. They can't even get USDC, because Cardano doesn't offer certain design options for its assets and smart contracts.
Cardano struggles to scale, so this was always the logical outcome. MELD is launching an Avalanche subnet. The narrative was always “dApps are waiting for Vasil to launch”, but you’ll notice none of them ever launched. They’re still in testnet purgatory trying to hack something that’s performant. Like DJED or others, it typically relies on pushing everything off-chain. More than 80% of Cardano activity is just NFTs.
MILK, MIN, AADA, WMT. Other notable ones on my list which I haven’t bought into are; LQ, GENS, MELD.
I like MELD, it’s not new but it is really interesting. AGIX is a beast, it has been doing the most lately i like what the team is building also saw it got launched on me xc some days ago.
MELD. I'm really excited about having a decentralized Banking option that has a really smooth offramp for crypto. They're already lisenced as a digital bank. Testnet live and functioning. Once we get to main net launch and have debit cards in circulation it's gonna get really fun
>in my first response I was just copying a snipped from a comment above. And what did that have to do with what I said? I never said anything about WMT, which you provided a "source" for when I said you lied about MELD (not WMT). You are still ignoring what I actually say, just like what the Cardano maxis do. >(Although I’m not lying about MELD, that’s all very public and verifiable info) It's not publicly verifiable until they deliver (if they do). They are apparently still building on Cardano. So, I'll ask you again: why did you not mention this in your first reply? Only saying they are launching on a Avalanche subnet is disingenuous, especially since you said the didn't do so because Cardano is "dead on arrival", which they never claimed AFAIK (if you can source them, I'd like to hear). You are not responding to anything I said.
I’ve got no argument with you, in my first response I was just copying a snipped from a comment above. (Although I’m not lying about MELD, that’s all very public and verifiable info)
>No worries, you had said that I was lying so I’m just sourcing the information for you and those reading. I *specifically* said you were lying about MELD leaving Cardano, and you did it before too. This is what I'm talking about, you ignore what I actually said. >MELD context is from a separate video as an interview with the MELD CEO where he’s defending the recently announced decision to build MELD as an Avalanche subnet. So why did you link the video w/ the WMT part if that's not what I said you were lying about. *Again*, you know I wasn't talking about WMT, but you spun it as if I did. Textbook manipulation. >He mentions that significant work is required before mainnet deployment is possible due to soft DEX liquidity and additional memory constraints in the Cardano VM that are also bottlenecking their capacity. Hence a testnet deployment is underway to try and avoid disaster and learn how this can be improved. So they are building on Cardano, right? If so, why did you not mention it? Even if is halted, did they say it was "because Cardano mainnet is basically dead on arrival for performance or liquidity and doesn’t meet their needs"? >It’s usually worth watching longer form interviews for context rather than just jumping on whatever tribalism du jour is knocking around CT. I linked a Twitter post you shared previously stating that MELD is being released on Cardano (if they deliver, anyway). I don't "jump on" tribalism, I just call it out, like I'm doing here.
No worries, you had said that I was lying so I’m just sourcing the information for you and those reading. MELD context is from a separate video as an interview with the MELD CEO where he’s defending the recently announced decision to build MELD as an Avalanche subnet. Essentially a lending/borrowing platform is highly constrained by the ability of its liquidation engine to manage orderly swaps during liquidity cascades and times of distress caused by rapid volatility. He mentions that significant work is required before mainnet deployment is possible due to soft DEX liquidity and additional memory constraints in the Cardano VM that are also bottlenecking their capacity. Hence a testnet deployment is underway to try and avoid disaster and learn how this can be improved. It’s usually worth watching longer form interviews for context rather than just jumping on whatever tribalism du jour is knocking around CT.
I didn't say the WMT part wasn't true; jhb760 did. I don't know much about WMT, but I do know about MELD, which is why I said the MELD part wasn't true; you know I did, but chose to ignore what I said. Where in that video does it say that MELD is using Avalanche "because Cardano mainnet is basically dead on arrival for performance or liquidity and doesn’t meet their needs"?
The MELD part is absolutely false. MELD is planning to be multichain. Whether or not they will deliver...that's a different story. [https://twitter.com/TheMeldGuy/status/1610403502886621184](https://twitter.com/TheMeldGuy/status/1610403502886621184) AESTHTK has lied about Cardano before. Don't even know why, but I guess that's Reddit for you.
I was never really was interested in MELD, especially since other projects shown more development. The point is that you spread misinformation about MELD leaving Cardano, which you have not corrected in your first reply. You also didn't even acknowledge what I said about you completely changing face about dcSpark "single handedly carrying the rest of the community". I even gave you examples of others doing great work for Cardano to show it's not just dcSpark, but you clearly don't care.
He’s right in just about everything except for the bit about MELD which is multi-chain. On top of that they’re using a programming language based on Haskell. I’m not saying functional programming is harder but most developers have an imperative approach to software development. So essentially all Cardano developers are forced to be “pioneers”. Imagine you’ve been developing software with an imperative approach for your entire career and someone ask you to switch it up. Not only that but you’re developing on a Extended UTXO model. There most likely will be some unique things you can do on Cardano you can’t do anywhere else. But they’re literally years away from having a collection of resources that Solidity developers have. In fact, most of the projects aren’t open source because they’re trying to secure first mover advantage. So there’s not a whole lot of collaboration between teams. While functional programming can be mathematically verified, Cardano will run into the same issues as Ethereum in terms of developers having missteps with their smart contracts. At the least we have already seen developers fail at over coming some challenges because they lack the understanding of how Cardano works. Some of the complexity is unwarranted. Which is why Emurgo is launching a sidechain called Midnight that can scale better and uses a programming language most developers can understand(along with privacy). There’s so much ada being staked right now which I understand since people aren’t trying to gamble on DeFi compared to the bull market. But gotdamn! Correct me if I’m wrong. I’m looking at pool.pm. About 74% of the circulating supply is being staked right now. I thinks that’s 25 billion ada or roughly $6 billion with a market cap of $9.12 billion. And it has a $52 million TVL?! With that said, what dApps are actually sustainable on Cardano and which applications will survive the bear market? I only say this because we know some notable dApps in other healthy DeFi ecosystems are having financial hard times. The best thing Cardano has going on right now is the their NFT market which is growing pretty fast.
I'd say QNT is up and functional, as is ALBT, LCX, AVAX, MNW, and MELD. They're all very active projects and building major partnerships in this bear... DOJ recently stated CRV and MNGO are commodities as well, so I'm curious what happens to LCX when Monty and others have made it very clear its a utility crypto.
Going out on a limb here, but there are some cryptos out there that have utility. Say QNT for example. It's overledger can connect all blockchains, public, private or institutional. Others like LCX or even AVAX are trying to tokenize assets. AVAX is actually working with the INX group to do this as we speak. ALBT is trying to bridge traditional finance with digital finance. MNW, VET, or TRAC are working with supply chains. MELD is a non-custodial defi protocol for lending and borrowing fiat and crypto. By no means am I an expert in this, but those are some utility based cryptos in me eyes 🤷♂️
- it has PoS with liquid staking, probably the best staking experience on the market right now, automatic rewards every 5 days, you keep control of your assets (doesn't require 3rd part solution like Lido) - actual decentralisation with over 3k stake pools - working smart contracts - 3rd largest NFT community - DeFi is coming along with the likes of Minswap, MELD, AXO, etc... - EUTxO enables sending hundreds of different assets in a single Tx (doesn't require 3rd party solution) - Hydra is being tested already (November) It's progressing well and gives an alternative to ETH and ETH-clones.
You ain't lying MELD and WMT be treating us good last few weeks
Well, I have ADA, XDC, MELD, HBAR, FTM, DOT, MATIC. I researched then all (too much) beforehand and like their utility and potential.
Hi! Im really excited for the MELD project being built on Cardano :)
Also, on ADA, XRAY xdiamond nfts give you significant staking bonuses and the office manager and diamond hands nfts for MELD also have upcoming utility.
Here we go: 1) Stablecoins aren’t available on Cardano yet and what the blockchain most likely will get is an alternative to Tether and USDC. This is a good and a bad thing. There are algorithmic stablecoins like DJED(developed by COTI) which plans to be collateralized up to 800%. But the whole system is confusing and the growth could be much slower than the ada gang anticipates. And because of all tokens being native assets and not needing a smart contract for execution; the requirements that Tether and USDC would want to compile with government regulation(like blacklisting addresses) can’t be done. That’s a lot of money to not have in your ecosystem. At least there’s decentralization. 2) Haskell as the programming language, or Plutus. A college student’s worst nightmare when it comes to programming(sort of). But functional programming is used a lot in the traditional banking system and even in aviation for high assurance code. A quality inspector in any industry will tell you that “you can’t inspect/audit quality into manufacturing or software”. Most software developers are familiar with using conventional methods to build and that’s mostly what’s used in crypto. There aren’t a lot of developers and organizations that use high-assurance software engineering to mathematically prove something works as intended. I don’t think Cardano will change that anytime soon but the platform has attracted some very talented developers and it has the second largest dev community in crypto(despite not having tons of dApps). Some of the white papers(like the project Orbis) are damn-near impossible to understand unless you are a computer scientist and software developer. 3) eUTXO model. I’m not going to say it’s better than Ethereum’s account model but it will have its own benefits and negatives. However I think with the addition of smart contracts and how Cardano’s base layer operates, you’re going to see some interesting things I bet people haven’t seen before in the next coming years. Programmable swaps, sending multiple tokens in a single cheap transaction, and even shorting NFTs are just a few ideas from the developer community. Axo which use to be Maladex has some great ideas to attract crypto-maxi’s and traditional investors on a DEX offering registered securities and cryptocurrencies. 4) Peer reviewed. We already talked about verifiable and high assurance code. This has just stalled development. The recent Vasil hardfork added a ton of new functionality! But for all of the “science” injected into Cardano much of these features should have been added last year when smart contracts released. The Cardano improvement proposals that made up Vasil were mostly things asked by the developer community. Considering the complexity with Plutus, all I can say is Let Them Build. 5) Ethereum shutting down the Cardano narratives. Charles use to say something like how changing the consensus model of Ethereum was like turning a Honda Civic into a Corvette while driving it at the same time. And it could take years! Sounds pretty complex? Well they did it. And I bet there was tons of “science” and “research” to do it. Ethereum now has a eco-friendly system, and staking rewards. But while it develops it’s own scaling solutions it has the layer 2 protocols like Polygon, the highest TVL, the name, the investors, DeFi, and a huge developer community. Hydra isn’t going to solve all of Cardano’s scaling problems and other solutions like Orbis aren’t coming any time soon. The Vasil hardfork just gave developers the tools they needed to at least launch applications that people would use, and the TVL is not even in the top 20. 6) But there’s one thing that is a huge benefit to Cardano. Proof of “Delegated” Stake. I think the community has proven that you don’t need to force the user to lock up tokens for people to have a long term view on staking to support decentralization and security of the blockchain. The majority of ada in circulation is actually being staked! And rewards can not be slashed. Plus ada delegators still retain full custody of their crypto when staking. Your money is not at risk even if a stake pool were to not compile or shut down. It’s going to be interesting to see in the future what happens to Ethereum when there is a bad actor and how users effected by that react. I think Cardano is solid but it’s time for the devs to provide products for the community to use. If things like MELD, Axo, Pavia, decentralize exchanges, Liqwid Finance, DJED, Charli3, World Mobile, etc can truly release quality applications before the next bull run; you might get a second chance at growth you missed on Ethereum(like Chainlink, Decentraland, Aave, etc).
I'm an ADA holder. I really like the project and it was my first venture into crypto. Moving tokens from wallet to wallet to exchanges, using DEX's, staking, etc, is so easy and transaction fees are very low. I really hope projects like MELD bring some positivity to the ecosystem. But watching the price drop heavily, likely weighed by the XRP comments, is not good. The Reddit avatars has introduced me to Metamask, Polygon and Opensea and the level of complexity is so much higher, let alone the transacting costs. The gas fees are painfully expensive. Cardano has a massive amount to offer.
The Vasil update improved on transaction speed quite a bit...a swap that might have taken 5-10 min to fully execute prior to Vasil now takes no more than 30 seconds, based on my limited swapping since the update ​ I agree with the concern that ADA does little to nothing at this time.......however, the majority of projects I am personally excited about in the ADA-verse (WMT, MELD, LIQWID) all have a common theme of focusing their efforts on less-developed regions of the global economy (Africa, South America, etc.). It will take more time than usual for ADA or any project to break into those markets, as they simply don't have the same infrastructure seen in NA/Europe (things like stable internet services, cell phones, etc.) ​ Are ADA-holders like myself experincing some painful losses right now? Oh yeah. But who won that race between the tortoise and the hare? I forget :)
I'm not married to the Cardano ecosystem, but I can't find anything better. My personal favorite project is WMT but honorable mentions to EMP and MELD as well.
This is true, but will change depending on how much network activity Cardano gets. To be fair, Cardano is in it's absolute infancy, and even flagship projects haven't gotten off the ground yet. WMT by itself will represent a *very large* number of transactions, as will all the projects waiting for a stable coin like DJED. It's only been a few months since plutus got of the ground. Right now, it's really only possible to swap tokens around on a bunch of DEXs, which is not a feature that makes Cardano competitive against ETH - especially when the available tokens don't *do* anything yet. The calculus changes when projects begin to mature. While projects like MELD and AADA probably wont tilt the scale, ETH offers nothing similar to WMT or EMP that I can see.
Non-custodial DeFi project on cardano. Lend/borrow crypto or fiat. They were supposed to hand out banker NFTs back in Jan for people who staked in their ISPO pools; only about 40k of us did. The NFTs were going to provided boosted interest rates. They kept pushing back on that NFT date, they had released diamond hand NFTs for the earliest stakers, eventually they tied some benefit to those and the price exploded. Honestly haven't been following that project for a few months. Only reason I asked was because over on AADA finance there are about 11 active loans seeking over 1M MELD tokens; the loan dates are set pretty far off so wondering if they were capturing a benefit or planning on dropping them on the market to depress the price then buy it back more cheaply, netting the profit.
Anyone following MELD development? Either they're about to pop off with something juicy, or people are attempting to short the shit out of it.
I stake my ada to get rewards, and I use Minswap as my DEX. I can send multiple tokens in a single transaction which is cool. But right now there isn’t much to do. I have my MELD staked as well. I know AADA Finance came out today and I think it’s launching with NFTs bond which sounds cool. This is the first real DeFi app launching. When smart contracts came out last year everyone assumed the dApps were ready. But not all the tools were available to make them user-friendly. And many developers were waiting for Plutus v2 which comes with the Vasil hardfork. So even when Smart Contracts came out the reality is that the skill set to code in Plutus and the tools being use to create a product weren’t really there. Note that about 1000 “dApps” are in development but almost 50% of that is NFTs since they’re native assets on the blockchain as well. Pretty much Vasil should have launched along side of the smart contract release. So now we have another 4 months to a year of waiting for actually applications releasing. Better to do it in the bear market I guess. I do think the native Cardano oracle Charli3 will be functional right after the Vasil hardfork since it was waiting on read-only transactions to make funneling data more efficiently. I do think projects on Cardano are undervalued only because the teams are very solid and many of them will be available before the next Bitcoin halving. The vibe I’m getting is like watching Ethereum projects such as Decentraland, Chainlink, and Matic(now Polygon) in 2019. Although ecosystem size and circumstances are completely different. And one of the biggest issues right now with DeFi is there are no stablecoins yet that are actually on the blockchain. And while Ardana, and COTI have stablecoins coming I think most people would like to see USDC at least.
TLDR: Staking is good for helping to secure the network and liquidity as well as passive gains, but better if in your own wallet, and be mindful of differing lock up periods ranging from none to 14days, 21 days, 6months, 1 year. \------------------------------------------------------------------------------------------------------------------------------------- Depends. Staking does create passive income. But where you stake is important, not to mention your time frame. Staking depending on the project can help secure the network, help with transactions and provide liquidity. I would avoid staking on exchanges. Stake only with your own wallet (hot wallet or cold wallet) be mindful that a coin like ATOM takes 21 days to unlock, ZIL takes 13ish days to unlock, ADA is fluid there is no lock up, but takes a few EPOCHs before you earn rewards (roughly about 14-18 days depending when you start in the EPOCH). Or in the case of ETH 2.0 UNK lock up period. The people who say it isn't worth might've been the ones how locked up for an extended period of time on an exchange or CEX and due to market conditions were unable to sell before a big drop example: ETH 2.0 lock it up for unknown period when it was worth 4k a token and now it's around 1500 als0 think of owning ATOM and wanting to sell at 40 but by the time you unstake it's in the teens or anyone tied to Celsius/Terra debacles (couldn't unstake before price cratered). Other tokens in order to lock in supply might've had 6month or 1yr stake lock ups in return for large percentage (MELD/AADA on Cardano network). If you locked up MELD for a year(15% return) when it was worth 0.18 ADA, you would've have been able to sell before it dropped down to .04 ADA). Same goes for AADA (when it was around 3 ADA, now 1.40 ADA) had you staked to gain 20% by locking it up for a year. Now price movements happen and if you had a crystal ball you wouldn't be on this website. There is nothin wrong with staking (even if you lock up for an extended period) if you believe in and see value long term in the project. Yes you lose out on those up and down price actions, but as you stated you're a buy and hold person not a swing/day trader.
Hold a Genesis NFT or be staked. Seems like an ecosystem for trading meme coins (and receiving a piece of the transactions if staked/or holding NFT, for a certain coin), like an LP with additional benefits. Depends on the momentum and popularity of meme coins on that blockchain. What I don't see is breakdown of coin holding (Insider/Vc vs public sale) which is troubling especially with a DAO as if the founders hold the majority of the tokens they essentially control the DAO voting. Other protocols will have NFTs which allow additional tokens earned during LP or staking, MELD comes to mind (and I think AADA finance, also a DAO token will do the same). I'm for DAOs as they tend to spread some risk about BOSS DAO has been around since the beginning of the year. Holders of their NFT can submit proposals via github and other NFT holders can vote on the action submitted (usually the purchase of a project). I haven't seen any sales out of the project yet, and they are working on a token. While this is good for spreading out/hedging risk from projects I'm not sure how that value will ultimately be given out to their NFT holders (other than the native coin which would dictate value of their NFT DAOs). Interesting though.
What's your favorite project being built on Cardano ??? Got MELD,XRAY,WMT,SUNDAE,MIN looking for some others eyeing up WRT
They show 0 TVL for MELD and AADA which isn't true as they have millions (MELD) and a little over a million (AADA) native tokens staked which aren't part of the count.
Considering that they aren't tracking everything on Cardano, [defillama](https://defillama.com/chain/Cardano) numbers are off. Not showing MELD, AADA (they have locked in stakes of native tokens) also, Minswap has [87.7M](https://app.minswap.org/) while wingriders has [110M](https://app.wingriders.com/pools) locked in pools.
SOL for network performance but I did manage to get out at ATH so just disappointed in the tech. MELD for overall lack of progress while publishing stories about what other teams are accomplishing. More than risk returned so totally a tech disappointment. Flickto because rug pull. Got tied up with real life and so didn’t even pull 10% as profits otherwise it would have been an overall profit not a minor loss. Lesson learned on that one. I am thinking more long term so if any of the ones I am still in deliver on the tech then price should eventually follow. Or I loose it all but only time will tell.
I don’t know much about MATIC & MELD. lots of cardano haters. Not sure why. I think ADA has the greatest potential. The network has never gone down, and the projects being built on it like GoKey , World Mobile Token are working to build solutions to real world problems. I think ETH was the first scalable blockchain, but won’t be the one that wins in the end.
I've currently got two being used, well one currently and anticipation of the other. significant boost in staking rewards for XRAY with "xdiamond" NFTs. I really like the custody of this staking, they just need to be in the wallet associated with the stake pool for each snapshot. This one for when (if) MELD launches their future services. [https://docs.meld.com/nfts/diamond-hands](https://docs.meld.com/nfts/diamond-hands) (shit name, but could be great benefit) This is the type of utility I believe the future holds and it's pretty cool.
Talk to me in 2-4 years, I dgaf about what happens between now and then. Went 100% ada (50% ada, 50% (WMT, MELD, LQ)) staked in wingriders
It's different than "just being up" because you can actualize your "pretend" future value for current value. Someone is willing to hold your crypto in exchange for loaning out a portion of that in fiat value. Worst case for them, they're holding an imploding asset, or if the markets go back up, they're holding an asset that will go up. I don't want to sell my crypto, so I head to them and ask to borrow short term in order to capitalize on chaos. If you know/think "this is as low as it can go" then taking a collateralized crypto loan is the best thing you could possibly do. Lets use BTC as an example for the following text: "Almost a millionaire." Sounds like he has crypto, sooo, in this case, if he sees a low that is preposterously unbelievable (bitcoin what, $16-20k min at maximum dip?), he could put an amount of crypto as collateral to ask for a fiat loan (USDC, usually). This would set his "margin call" at a VERY low price, since usually these loans are only granted at 4x over the fiat requested. So, lets say he took a $10k loan out right now. Bitcoin would have to drop to $10k in order for him to be "wiped out" and lose his collateral. That's some serious bear, kindof impossible to believe. Most high-tech guys are only predicting 20k-ish as a Bitcoin bottom this season. If he truly thinks it'll never sink that low, this is a good deal. Then the coins drop a lot (say $15k BTC). Big deal, because he can buy at these low prices, knowing that the long run outcome is going to be waaay, way higher than this current flux. When at any point the BTC purchased eclipses up beyond his take-a-loan price, he can sell the newly bought BTC and repay the loan / retrieve the collateral. The point is being able to use your assets during a lull to make value. "You're broke" means you're either 100% sold, or it means your coins have no fiat exchange value compared to the future. They do have value if you make use of it. > If he took out crypto on loans, you’re either going to have to pay the loan back or be up so much you’re not going to worry about it. Right, a component here is seeing what "the low" is. But if crypto's dropped to a place we could never imagine it (say, $20k BTC,) that would be the literal perfect time to take out a crypto collateral loan (putting in your own coins to receive temp fiat), in order to buy and watch things rise from there. Once the newly bought coins surpass the loan buy-in price, it's profit from there, and you retrieve your collateral. This is literally how companies like MicroStrategy make money and continuously buy Bitcoin. Safety info: worst case, and I mean, WORST. CASE. You simply "overcollateralize" (or even pay off!) your loan. Put in more coins (that are worth so little for now) in order to cover your long term understanding that the price will go up. Never take out a loan that you can't overcollateralize. A loan should be 10-20% of total holding MAX. Big big companies like MicroStrategy use less than 2-5%. This can be fiddled with if there's extreme panic or you think you can time the markets within your call range. Celsius is one example of a crypto-loan-providing company, but there are a few others being built on raw blockchain such as MELD Labs (not launched yet) (Celsius is technically centralized, but works well). TL;DR you can borrow against your holding without selling, and use this to "buy the low"
ADA is the only ALT I hold a significant amount of, I also hold some MELD but that is my only other and I have it in "moon shot" category and its significantly less compared to the ADA and the two blue chips.
I'm not selling anytime soon took gains from last year. I'm ready for the bottom whenever that is. Been buying up BTC, ETH and 10% to ADA ecosystem. Loving minswap dex LQ/ADA = MIN then swap to MELD > cNETA. Farm cNETA/ADA = MIN/cNETA. It's going great to be honest. If it goes lower that's a blessing.
ATOM when it dips under 10. Waiting for ADA to go to the .20s before loading up. Holding MELD and AADA as they are locked in for staking (6months and 12 months) Rest is sitting cash and BTC.
I suggest looking into some of the DeFi project tokens. MELD is cheap, but AADA has some serious potential. Other project potentials would be FLICK and WMT.
What are you opinions of MELD and their algo stablecoin? I would rather have USDC (if we’re talking about centralized tokens backed by US securities on the Ethereum blockchain).
XDC Xinfin is a legit beast. Feeling good about it. I also hold XSP, the first dex on the ecosystem. Oh yeah, MELD is great too. Check it out.
Forgot I had staked for MELD and received them until I checked Adalite today. A nice little surprise during a dip!
This was me at .84 for ADA and .09 for MELD. Dropped it all in. Feeling good about it.
Anyone finds MELD intresting, i've been reading into it. The project itself seems kind of ok. But if I look at their social media, they are kind of silent. Their subreddit has not so much activity. Marketcap is 45mln. The project is pretty young, but so far there is not so much going on about this project.
This upgrade is mostly about full DeFi ability not DeFi scaling. Right now it's pretty unheard of for a programmable blockchain to do what Cardano did and launch without reference capability. This hardfork combinator won't necessarily accelerate present DeFi as much as it will allow for a ton of DeFi projects waiting on the sideline to finally fully deploy in July and August like Ardana, AADA, Maladex, Genius Yeild, MELD etc. Basically with this hardfork comes the major financial projects that lock up massive amounts of TVL and provide truly useful products. Input Endorsers and sidechains running Hydra and zkRollups is how it all scales after in 2023-2025.
Only stuff I'm up with in my holdings ZIL, BTC, ATOM, MILK, AADA, FLICK, WMT, MELD/PAVIA (but it was airdropped). See, what people don't see is that when all those Cardano tokens dropped, people swapped their ADA for them creating selling pressure. While my initial buy-in price of ADA is down, the value of what I had swapped ADA for into those chain tokens is up. Only regret is not buying LQ when it was 14. However I did buy some LQ later to get an AADA airdrop which I sold for a profit (the LQ, not the AADA, the AADA is locked away for a year in an NFT bond earning 20%).
Hydra L2, Orbis zkRollups, cheap-to-mint NFTs, active DEXs (and more coming with smart farming & concentrated liquidity... Not to mention World Mobile later this year, MELD (like Celsius) for fiat loans, etc. Things are certainly speeding up!
Seems there's an abundance of these projects coming out in recent months. What puts MELD above the others in your view?
From an empirical perspective it is not possible to compare the two models. The TPS indicator is not comparable. In an account based Model it means one input, one output. This does not apply to eUTXO resulting in less transactions to move the same amount of data and assets. A single eUTXO transaction can distribute tokens to multiple outputs, which has been seen in the MELD airdrop. The whole airdrop was sent with one transaction - tens of thousands of recipients. This is really efficient for smart contracts. So it is not possible to compare the TPS of the both models, because they have fundamentally different impact. As I said, a hybrid approach might solve the current problems eUTXO and account models have, one has issues with many inputs, but super efficient and cheap for anything regarding SC calls. The other one is expensive because you fight for a slot of the few outputs that need to be processed.
Not trying to shill here but I think that MELD offering defi loans in fiat against crypto will be a game changer. I have little interest in borrowing crypto against crypto but if I’m a business or just need a line of credit in fiat, this is a great option - particularly in the developing world.
I think you have the backwards impression, those other chains have huge head starts on Cardano's DeFi. Cardano breaking its own ATH is not the news, the news is it went from dead last to top 25 blockchains within months of its first Dapps lauching. And thats WITHOUT a single stablecoin in their ecosystem... This summer is going to see a massive TVL spike once their ecosystem gets stablecoins and the lending platforms like Ardana/MELD/AADA launch after the June hardfork allows for readable scripts onchain.
I was gonna say $HOSKY for the sheer saltiness of that Twitter account. If unreasonable exposure and lofty expectations count for anything, then it's def MELD.
I haven’t got any NFTs, thought I will eventually get a free one for staking my ADA for MELD, they call it a bank manager NFT but it got delayed because their are still working on the utility. I’m pretty big into mad meerkat finance DeFi on the Cronos chain, their NFTs give you staking boosts on their already crazy high percentages
I actually spent the time to go through that website and check out the projects. Most projects listed are still in development which is understandable as Cardano is not easy to build on (my original point). You mentioned TVL which is a great metric. Another way to analyze activity and active projects are through the DEXs. Of all the DEXs listed, three appear to be operational (Minswap, Sundaeswap, and muesliswap), with notices that the network is congested. Looking at the top pairs trading, it appears that MELD and LQ are the most active across the DEXs. Looking at both of these DeFi projects, MELD is the only currently one launched. Even with a just few projects live, the network is congested based on a few working projects. Now this is an extremely important point, which goes back to why Cardano qualifies vaporware. Look @ EVM (ETH / MATC / AVAX / FTM/ others) TVL and the DEXs for Algorand and Solana. Look specifically at the amount of projects that are live. As a separate analysis, look at where the institutional money is going and which projects are getting funded and you'll notice Cardano is absent. This is all ignoring that "FUD" of the founder and CEO being a proven liar, over something so trivial as to their education. Absurd. The future of Cardano is bleak, and if you still disagree and believe in this project and my response did nothing to sway you I also understand too.
I believe I red that it was seven? Still though, at least o didn’t seem at a loss, and Render is just as far off from ATH. Though my bag is ax little less now, I really hope ADA does accomplish what it’s trying to achieve and us successful. Also take hope MELD does well going forward
With my ADA, create a wallet on ccvault.io and stake in a pool that offers an ISPO. This means at in addition to earning regular staking rewards, new projects offer free tokens. This is how many earned MELD and SUNDAE tokens.
Both are nice. Cosmos airdrops cost me a lot more time, though (most of them need me to actually participate in something or test/use something). Cardano ISPOs are one-click and done (delegate to the pool). You should try it out if you love Cosmos airdrops. So far I've made 15% of my staked ADA on Minswap's ISPO (100 days) and about 16% of my ADA on MELD's (160 days). It's basically tacked-on APY on ADA.