Ex-Cardano Project MELD Closes Amid Suspicious Circumstances

MELD was on a roll with a string of new developments. Investors pulled the plug amid bizarre circumstances. Members of the Cardano community call foul play. MELD positioned itself as a non-custodial DeFi protocol designed to bridge crypto with traditional finance through multi-chain staking, borrowing, and banking integrations. However, the project’s appeal has waned amid prolonged uncertainty over its ties to Cardano, which initially funded its development. On Thursday, MELD founder Ken Olling abruptly announced the project’s closure, catching the community off guard. This unexpected decision comes despite recent strides in development, leaving many questioning what truly led to

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