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Thanks for the list, I've tried to answer them below. We have done so much for cardano.

MELD
MELD
Telegram
05 Apr 2023, 10:45
Thanks for the list, I’ve tried to answer them below. We have done so much for cardano. We spent $1m last year for development of the Cardano core blockchain to get to level where we can deploy our protocol on it. We have been working closely with IOG and CP from the earliest days. Lending and borrowing on Cardano is very difficult due to the UTXO model, speed of Cardanos TPS and the fact that most interactions happen off chain in a batcher (just like all other projects). A agree, doing the bridge first was a very bad idea. Our previous CTO felt this was more important than lending & borrowing. Our goal is to launch a profitable lending and borrowing protocol coving crypt and fiat. You goal is NOT to be a cardano cheerleader at the expense of our success. We are in testnet with Cardano landing and borrowing, After summer with EVM lending & borrowing. Unless you think the bull market will happen in September (it won’t) then we will be ready. EMI is happening, we have staff, we have purchased and are customising the banking stack, the mobile app is under development. We have connectivity to the backend for fiat already. There is nothing anyone can say to stop people from calling this a rug, even after we launch the wallet and bank, people will call it a rug. This is just the nature of trolls in crypto. If are going to pull a rug, you don’t do any of things we are doing like invest in 3rd party software, hire banking staff, engage visa for a debit card. These are not things you do if you plan on running away. In the end we will always have detractors, we have since the day we were announced. It will not change regardless of the success we have. Most of these concerns are completely unfounded and more FUD and noise than anything. If you want to worry about something, worry than the US will ban crypto on and off ramps, worry that the EU is trying to bank non-custodial wallet use. Worry that the USD is loosing its position as a receiver currency with no clear replacement. But worrying that MELD is not Cardano maxi enough is a waste of words.