MELD also agreed to introduce a MELD lending market for the $CW token.CardWallet users will also gain access to deep liquidity pools, a move that will significantly reduce slippage during token swaps.MELD Labs will also allow CardWallet access to its MELD Vaults (LPs), mUSD, mEUR, mBTC, mETH, and mBNB, etc.CardWallet will be providing all necessary support to the $CW/MELD liquidity pairs on external DEXs.With this move, the company’s users will be able to reap the benefits of the MELD protocol functionality. CardWallet will integrate the MELD protocol to add Web 3.0 connectivity to its non-custodial wallet.To implement these solutions, MELD and CardWallet have jointly created a framework encompassing the following: Solutions proposed by CardWallet and MELD To improve the developer tooling and create innovative solutions that add to the overall capabilities of the Cardano ecosystem.The goal here is to make these DeFi products lucrative in terms of investment while simultaneously making them accessible to both native and non-native crypto users. To increase the rate of adoption of Cardano by developing a suite of DeFi products for the Cardano community.The partnership between MELD and CardWallet promises to offer the following solutions for the aforementioned challenges: Because, for example, while smart contract functionalities are expected to hit Cardano only by the end of 2021, some competitors have already long implemented these capabilities. That assessment is certainly not void of substance. In other words, the possibilities are endless, but Cardano is still pretty much a “work in progress”, as a recent Bloomberg study claimed. This is so because the increasing capabilities of a network attract more real-world applications, which in turn, leads to an increase in adoption. In the current context, for example, by drawing more and more community-focused projects, Cardano will likely find itself in a good spot to inspire mass adoption at scale. Capabilities: Capabilities of a blockchain ecosystem has a direct correlation with its rate of adoption.
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