Matrixswap Joins Forces with DeFi Protocol MELD

The Matrixswap team is proud to announce our strategic partnership with MELD Labs, a decentralized non-custodial lending protocol built on Cardano.

As part of the partnership, Matrxiswap and MELD are aligning objectives when it comes to the growth of DeFi on both Cardano and Polygon. Working together, we will support each other’s tokens as primitives and coordinate composable functionality between our protocols.

Integrating Our Protocol with MELD

MELD’s support and integrations unlock so much for our perpetual swap trading platform. Since we’ll be recognizing MELD protocol tokens such as $MELD, $mUSD, $mEUR, $mYEN, $mBTC, among others, Matrxiswap will gain access to liquidity pools for the associated tokens. This unlocks further liquidity into our services on both Cardano and Polygon.

Along with the composability between our protocols, we’ll also support MELD’s Credit Markets. Being able to provide our users with borrowing and lending options will help lift the entire DeFi ecosystem as participation increases on both blockchains. The flow of value from Ethereum to Cardano and Polygon is a value that both of our protocols prioritize.

Supporting the ADAmatic Cross-Chain Bridge

Speaking of the flow of value between blockchains, cross-chain bridges play a significant role. Hence why this partnership allows us to run an ADAmatic node and further supports the development of the ADAmatic bridge.

Right after high-security measures, users expect low transaction latency and low transaction fees which is why Cardano and Polygon are such attractive platforms. In order to help grow DeFi across blockchains, capital efficiency is something that both our protocols want to take the lead on. Liquidity should not be limited to one single blockchain and the best way to achieve that is through building a Polygon bridge between Cardano and Ethereum.

“Matrixswap looks forward to a long and fruitful partnership with MELD as we establish ourselves to be the early DeFi pioneers in the Cardano ecosystem. The vision of MELD’s team is captivating and we see ourselves fitting into their mission perfectly.” — Project Lead, Joseph Liu of Matrixswap

About Meld

MELD is the first decentralized, non-custodial protocol for borrowing & lending on Cardano.

The vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, strive to provide the users with the functions they need to manage their own financial lives.

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About Matrixswap ($MATRIX)

Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.

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