MELD is the first decentralized and non-custodial DeFi banking protocol for lending & borrowing fiat & cryptocurrency. The MELD token is a governance token enabling holders to vote on the development of the protocol. MELD focuses on decentralized finance (DeFi), with the long-term goal of enabling more than 2 billion individuals - who are either underbanked or have no access to banking services whatsoever - to access tools and solutions built around leveraging cryptocurrency assets. Services offered by MELD include creating cryptocurrency-backed loans, earning an interest return for lending fiat to borrowers and participating in reward incentive programs. MELD will enable instant loans against cryptocurrency holdings at a competitive APR, or to receive a credit line and only pay interest on what you use. A world-class DeFi protocol using the Cardano blockchain, MELD uses smart contracts to ensure complete transparency and fairness for all parties including lending, borrowing and minting of tokens.