- IOHK and MELD are collaborating to resolve a problem on the Cardano testnet.
- MELD is delaying the mainnet launch to maintain person property secure.
- IOHK states that it’s dedicated to supporting DApp and DeFi initiatives constructing on Cardano.
Analysis and improvement agency Blockchain Enter Output Hong Kong (IOHK) has introduced a collaboration with MELD, a DeFi protocol primarily based on the Cardano blockchain, to handle a problem affecting the processing of Cardano transactions on the pre-prod testnet.
In a tweet, IOHK mentioned it was working intently with the MELD workforce to discover a resolution to the problem and appreciated that MELD introduced it to their consideration. The collaboration comes after MELD recognized the subject throughout an in-depth safety evaluation of its blockchain lending and borrowing protocol.
MELD beforehand delayed launching its protocol on the mainnet till the problem was resolved to make sure the security of person property. Moreover, MELD has confirmed that it’s collaborating with Enter Output World (IOG) on testing with the following iteration of Node software program to raised perceive how they could collectively handle the problem. Additionally they confirmed that they would supply additional suggestions on progress in April.
IOHK’s announcement underscores the corporate’s dedication as a Cardano companion to resolve any points that will influence the Cardano blockchain platform and its customers. IOHK expressed appreciation for MELD’s efforts to convey the matter to their consideration. MELD, for its half, additionally acknowledged the assist of IOG engineers.
The corporate added that it is usually exploring a number of quick and medium time period options for its improvement or its intention to launch on Cardano. MELD additional acknowledged that it’ll open up its sensible contracts and as soon as an answer that sufficiently mitigates the issue is in place, it can make the mandatory changes to its codebase and launch it on the mainnet.
IOHK additional acknowledged that it all the time appreciates collaborating with responsibly constructed DApp and DeFi initiatives on Cardano and can proceed to assist MELD throughout its journey in direction of mainnet launch.
