The announced strategic partnership between Cudos and MELD is to compliment each other’s protocol and deliver an innovative and revolutionary financial service to the crypto community. Both MELD and Cudos are focusing on providing a better mining experience with simple and efficient infrastructure for deploying miners in the cloud.
With MELDapp wallet integration into Cudos’s crypto mining infrastructure, users will be able to allocate crypto budgets to pay for cloud-based mining deployments swiftly and without any hassle. This integration will also help the users to specify their budgets for mining and low costs compute times in the cloud.
What the Partnership is Offering?
The collaboration is dedicated to offering better financial development for the future. Cudos’ functioning API will support the integration of the MELDapp, supporting the ease of asset transfer to its network along with enabling web 3.0 connectivity. On top of this, the Cudos network will deliver technical documentation to integrate the Cudos API ane network, recognizing and supporting MELD protocol tokens including its native $MELD, wrapped ones like $mBTC and $mETH, and even its own versions of stablecoins pegged to the largest fiat ($mUSD, $mEUR, $mYEN).
On the other hand, MELD is keen on offering an interface into the Cudos network API from the MELDapp wallets. This will provide MELDapp users access to the Cudos cloud mining service. MELD protocol will also announce its digital assets and payment functionality to its partner Cudos network. The reveal is dedicated to purchasing on-chain and off-chain cloud mining resources
Both Protocols are set to work together for the development of additional financial instruments related to cloud mining and how they can use their interfaces for the betterment of the crypto community.
About Cudos
Cudos is a blockchain network that works on both layer 1 and layer 2. Designed to be run by the community, the network ensures dilution of power through decentralization and creates permissionless access to high-performance computing without compromising scalability. With access from 145 countries and boasts a sizable user base (over 250,000 users), the network is now powering the metaverse with its unique contribution in DeFi, NFTs, and gaming experiences to enable the vision of a decentralized Web 3.0.
Cudos is an interoperable open-source platform geared towards providing the right infrastructure needed to comply with the extreme computing requirements for today’s and tomorrow’s fully immersive gamified digital worlds. The powerhouse of the Cudos network is their native utility token CUDOS. This native utility token does not only work as a prominent wielder of the network’s potential but also offers a decent annual yield and liquidity for stakers and holders. The network provides secure and complete layer 2 blockchains, offering a cost-effective alternative to the extreme demands of cloud providers.
About MELD
The MELD network is dedicated to providing the crypto community control over their financial lives and having complete access to financial instruments that are available to professionals. The network focuses on providing financial freedom with its long-term goal of enabling 2 billion individuals worldwide that are underbanked or are without access to banking services to access the tools that MELD is offering.
MELD understands that the unbanked are paying the highest fees, getting the worst customer service, and they are the ones that are having the most problems and strive 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. This reduces the pressure of fulfilling and falling slave to different platforms and their terms and conditions.
MELD covers all forms of banking and financial services, including basic savings, lending, and borrowing up to a collateralized debt position (CDP) with cryptocurrency. MELD has it all and is providing its users with the functions they need to cope with the fast pace decentralized world.
