meld is pushing some 'issue' which is raod block to launch on cardano
if they come clear about issue we will all know whats really going on
Lace wallet 1.0 is live on Cardano mainnet 🆕
Are you going to switch to @lace_io ?
Many have been wondering about the issue that @MELD_Defi brought up to @InputOutputHK
In a recent video titled 'Okonomiyaki お好み焼き' @IOHK_Charles covered congestion control on Cardano
Let's take a look 🧵
Open-source and on Cardano.
Despite all the FUD about having a sidechain on Avalanche, @MELD_Defi just came out swinging in Cardano's favor. Probably just became one of my favorite dApps for doing this.
No issue to open source all code
if code is open source can't anyone deploy it on mainnet and figure out whats the issue is ?!
once saying this 'issue' will affect all protocols, then its only affect meld, then hinting that its cardano issue
what is true ?
$MELD
To all the Fudders saying Meld hasn't built on Cardano, you can now go through and check for yourself.
Meld's dapp is now open source, and it is the most robust Cardano dapp I have seen.
github.com/MELD-labs/card…
I don't know how to argue with you lol.
I don't bury myself in diplomatic style of arguing things
To cut straight - meld team is incompetent to build on cardano so they put forward lame excuse to move into AVAX sub net ( evm - easier to fork geth & code solidity)
I suspect Meld might come up with more excuses in the future or just slow down building on Cardano, the massive red flag was the conversion of $ada to usdc a few weeks ago🚩🚩🚩🚩luckily we have top projects like $LQ $aada $cblp $flac and many morr coming.
It's not. Liqwid & aada built around these constraints already
The solution is the fee market. IOG not gonna implement it anytime soon
It's a meld excuse to bail out from cardano
Ok so what I'm hearing is that Meld have bought up the congestion issue, which has been known about but a solution has been on the back burner, and will require work to agree on a solution and put something in place.
12/ As for projects leaving, these are different cases
MELD: could be a management issue (rife in IT), Hai was the tech lead and once he left (hard to know why) have other team members got enough of skills?
Issue: propagation of knowledge within team and hiring good "Hai clones"
$LQ and $AADA and $INDY should should shut down protocols !
Because MELD found 'big issue' which might affect whole cardano lending- borrowing, CDP protocols.
IOG is saying its testnet issue, meld is clearly saying its mainnet issue.
$ADA
So $MELD building fully EVM execution subnet on AVAX. ( Like @Milkomeda_com but in AVAX with MELD as gas fees )
This might be bullish for the token pump. I will update about this.
But i am almost sure their cardano plans are fully dropped
$MELD
Hey @MELD_Defi What was the issue?
Meld will launch of MELDapp Wallet and MELD L1 Blockchain Mainnet on MAY 3rd
Who wants to bet with me that an issue raised by MELD and 'looking into' by IOG ( IOG not gonna make this bold move imo ) is nothing but implementing fee markets on cardano ( i agree lack of fee markets is an issue for Oracle price feed and sized liquidation)
$ADA #crypto
Correct and wait for IOG implement the Transaction tiere d pricing . The problem is not new . forum.cardano.org/t/further-impr…
The initial cardano mainnet release is 3rd May. This will involve wallet, bridging etc. In June / July will be bank accounts on cardano mainnet. Initial plan was L&B on cardano after summer. This depends on cardano and IOG, who have a dedicated team set up to sort issue
No. Meld has built on cardano, testnet can be used. Meld are building their own chain using consensus of avalanche. Where Meld is the native token. Meld will run two full protocols, one on Meld blockchain and one on cardano. The meld wallet will support many blockcains/tokens.
I think the concern is around a bottleneck for liquidations. They are still targeting a Cardano audience though from what I can tell. I'm happy to have variety in lending protocols.
My BIGGEST issue is they took investors money in the cardano ecosystem to go build their DAPP on AVAX?? 🤷🏾♂️🤷🏾♂️🤷🏾♂️ WTH! Smh!
The answer is simple. They're unable to build on Cardano. Before SCs, they thought they could, but they can't. Lack of technical knowledge.
BTW this plan is actually fucked up. ETH L2s are going to eat this old-school alt L1 sidechain narrative (avax or dot) for breakfast.
It is better for cardano community to stop bleeding from meld. Better they just moved somewhere and never launch on cardano. Their staking dapp so buggy, not gonna surprise their main app will be have so much flaw and will be easily hacked.
Can anyone explain to me why exactly $MELD is budling their own $AVAX subnet ?
I am all ears 👂
$MELD $ADA #crypto
Reddit Post
Hey folks, just wanted to leave these two tweets on MELD working with IOHK to improve the next iteration of node software:
https://twitter.com/meld_defi/status/1643996800561594374?s=46&t=mWL1C6EAU_0_qYUCWsMPxw
https://twitter.com/inputoutputhk/status/1643997216154210306?s=46&t=mWL1C6EAU_0_qYUCWsMPxw
2/2 Interestingly, the limitations also might have some positive sides. I don't think those flash loan attacks are a good feature. Maybe it's not so bad to make them more risky and have less incentives for this kind of things.
What they say is like saying "cars can't swim", more than 100 years after cars have been invented.
Yes, maybe you can't do your ETH flash loan liquidation attack on Cardano but this doesn't make DeFi impossible, just gives some limits and needs some safety margins.
1/2
What they say is like saying "cars can't swim", more than 100 years after cars have been invented.
Yes, maybe you can't do your ETH flash loan liquidation attack on Cardano but this doesn't make DeFi impossible, just gives some limits and needs some safety margins.
1/2