MELD’s $1B ISPO highlights emerging use cases for Cardano, crypto fundraising

MELD’s $1B ISPO highlights emerging use cases for Cardano, crypto fundraising

DeFi banking protocol MELD recently made headlines for attracting more than $1 billion worth of staked Cardano (ADA) to its protocol through a novel funding mechanism called an initial stake pool offering, or ISPO, marking an important innovation in how early adopters support 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: An 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 is currently the only known project to employ an ISPO even though the concept had been previously proposed elsewhere.

Blockchain projects raised billions of dollars in funding in 2017 and 2018 before regulatory crackdowns and a brutal crypto bear market put an end to the mania. Source: 3TS Capital

Why Cardano?

Achieving financial efficiency

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