MELD is a decentralized, non-custodial DeFi banking protocol that aims to facilitate lending and borrowing of both fiat and cryptocurrency. The MELD token serves as a governance token, allowing holders to vote on the development of the protocol. MELD's primary focus is on decentralized finance (DeFi), with a long-term objective of providing over 2 billion underbanked or unbanked individuals access to tools and solutions built around leveraging cryptocurrency assets. Services provided by MELD include creating cryptocurrency-backed loans, receiving compensation for lending fiat to borrowers, and participating in reward incentive programs.

MELD operates on the Cardano blockchain, utilizing smart contracts to ensure transparency and fairness in all transactions, including lending, borrowing, and minting of tokens. It aims to provide instant loans against cryptocurrency holdings at competitive rates, or to offer a credit line where users only pay fees on what they use. MELD is a Proof-of-Stake EVM blockchain designed for DeFi dApps. It integrates core DeFi mechanics providing direct access to lending, borrowing, cross-chain bridging, liquidity, and fiat services.

MELD seeks to provide a range of services to its users. These include the creation of cryptocurrency-backed loans, which allow users to leverage their cryptocurrency assets to secure loans. Additionally, MELD aims to offer users the opportunity to receive compensation by lending fiat to borrowers. MELD also has a reward incentive program that users can participate in. Furthermore, MELD aims to provide instant loans against cryptocurrency holdings at competitive rates, or to offer a credit line where users only pay fees on what they use.

MELD was established with the goal of decentralizing finance and providing banking services to the underbanked or unbanked population. The MELD team comprises experienced professionals from various fields, including technology design, data, digital transformation, blockchain, and big data. The team's collective expertise has been instrumental in the development and growth of the MELD protocol.