2 differences to mention with MELD would be their crypto-backed fiat loans and their Genius Loan.Ĭrypto-backed fiat loan With MELD, you can fiat currencies from your crypto collateral! MELD will act similar to AAVE in many regards.
Read AAVE docs for more info 📊 Core features of MELD Eventually it will – unless it’s offensive or libelous (in which case it won’t.There are many use cases as to why someone would want to do this such as arbitrage across exchanges/liquidity pools, collateral swapping, and even self-liquidations. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. Christian Katz, a former equity derivative salesman at Goldman Sachs and JPMorgan, joined the advisory board in September. MELD doesn't always struggle to find ex-banking talent. "We'll pay in sterling or tokens, whatever they prefer." "It's up to them how they're paid," says Olling. So may be the possibility of being paid in MELD tokens. The option to work from anywhere should be a plus. We need people who can bring these institutional clients on board, manage the relationships and work within regulations." Their role will be to bring in the fiat currencies that MELD exchanges for its crypto collateral: "The upside for these banks is that they get a stable yield on the fiat liquidity they provide. "They will probably be typical finance types from a trading desk, who've maybe done some institutional work," he says. Ultimately, the company is looking for people who know about regulations and banking and crypto and who can interface with established banks. The crypto space is fluid, so job descriptions tend to evolve, says Olling. It wants to hire around four people to work remotely across trading, sales and marketing. MELD is on the cusp of expanding in the UK, says Olling. There are a handful of offices, but most of MELD's staff work remotely, with developers in Croatia and Vietnam and various people in Switzerland. Olling is based in Norway and MELD is based in Singapore. In July, MELD ran an "Initial Stake Pool Offering" (ISPO) and raised $1bn in contributions. MELD is a blockchain based lending and borrowing protocol based on the Cardano ecosystem. Describing itself as the "banking stack for DeFi," it enables individuals to take out low-interest loans in fiat currencies, using crypto as collateral. "If you don't have an understanding of how traditional finance works, you will have a hard time understanding the intersection of finance and crypto." "It's not difficult to find people in the crypto space - it's difficult to find people with a serious traditional finance background who also understand crypto," says Ken Olling, co-founder and chairman of MELD. However, one crypto entrepreneur says ex-finance professionals willing to move to crypto are less common than they might appear.
Aziz McMahon, head of emerging market sales at Goldman in London, l eft in May after making an undisclosed amount of money on Dogecoin, and it seems there's a continuous drip of traders and others into places like Coinbase. Chris Perkins, the former global co-head of futures, clearing and FX prime brokerage business at Citi told us he was surrounded by "true believers" before he left the bank to go crypto in September. By all accounts, there are plenty of people working for investment banks who have a major interest in crypto.
0 kommentar(er)
