MELD’s $1B ISPO highlights emerging use cases for Cardano, crypto fundraising -Breaking
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Recent headlines about DeFi’s banking protocol MELD attracted more than $1 Billion worth of staked (ADAThe protocol was funded by an innovative funding scheme called an initial stakepool offering (or ISPO). This innovation is important in terms of how early adopters help blockchain startups. Cointelegraph had the opportunity to connect with MELD CEO Ken Olling to discuss the significance of the ISPO as well as Cardano’s role in facilitating widescale participation in the stake pools.
ISPO overview
The ISPO is a novel way for investors and other early adopters to support a project by delegating cryptocurrency to public stake pools in exchange for the project’s tokens. MELD currently employs an ISPO, even though it was proposed previously elsewhere.
Cardano: Why?
Financial efficiency
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