IOHK Joins Forces with MELD to Tackle Cardano Transaction Issue

• IOHK and MELD collaborate to address an issue on the Cardano testnet.
• MELD delays mainnet launch to ensure the security of user assets.
• IOHK states it is committed to supporting DApp and DeFi projects building on Cardano.

Blockchain research and development company Input Output Hong Kong (IOHK) has announced a collaboration with MELD, a DeFi protocol built on the Cardano blockchain, to address an issue affecting Cardano transaction processing on the preprod testnet.

We are working closely with the MELD team on a solution to the issue currently impacting Cardano transaction processing on the preprod testnet. We appreciate that MELD has brought this issue to our attention. https://t.co/rkkHc1FcR5

— Input Output (@InputOutputHK) April 6, 2023

In a tweet, IOHK stated that they were working closely with the MELD team to find a solution to the issue and appreciated that MELD had brought it to their attention. The collaboration comes after MELD identified the issue during a thorough security analysis of its lending and borrowing protocol on the blockchain.

MELD had previously delayed the launch of its protocol on the mainnet until the issue was resolved to en…

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