MELD’s $1B ISPO highlights emerging use cases for Cardano, crypto fundraising
Roughly 40,000 participants staked nearly 620 million ADA as part of MELD’s first-ever initial stake pool offering, which concluded on Oct. 27. 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....
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The initial stake pool offering has seen significant uptake, with one of the four GENS pools being nearly fully committed in just two days. On Dec. 15, Genius Yield, a decentralized automated market maker and liquidity management protocol built on the Cardano (ADA) blockchain, announced the launch of its initial stake pool offering, or ISPO. The fundraising will continue for six months until June 15, 2022. At the time of publication, more than 95.8 million ADA, worth approximately $118 million at the time of writing, have been delegated to the stake pools. In an ISPO, blockchain....
Flickto is the decentralized launchpad that is bringing media financing to the Cardano blockchain. This first-of-its-kind project is giving users the ability to fund media projects while making massive returns in the process. Less than two months in, Flickto has recorded tremendous success with over 4.5 million ADA already staked in its ISPO across over 530 delegators. The project brings the average person closer to the financing process of media projects and puts the power in their hands for which projects get funded. So instead of a few people calling the shots at a high level, Flickto....
Cardano-based accelerator program Genius X continues to attract ADA delegators after the launch of its ISPO. Cardano-based accelerator program Genius X has seen more than $105 million worth of ADA delegated to its initial stake pool offering (ISPO).This comes after the firm’s decentralized automated market maker and liquidity management protocol Genius Yield completed its ISPO on May 10, with over 14,500 delegators staking 270 million ADA across four official stake pools, making it one of the biggest ISPOs within the Cardano ecosystem.Genius Yield is a Cardano-based DeFi protocol that....
The Crypto Biz newsletter is delivered weekly to your inbox. Join the mailing list to stay up-to-date on the week's biggest business stories. Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding mechanism allowing users to access early-stage crypto startups shined the spotlight on Cardano’s massive community. One of Latin America’s biggest crypto exchanges raised $50 million in private funding to expand its operations. 1inch Network raised another $175 million from leading crypto venture....
Blockchain-based subscription startup Revuto is expanding its staking pools to eight, allowing Cardano users to have an opportunity to participate in the newly launched ISPO, a fundraising mechanism that allows delegators of a Proof-of-Stake (PoS) network to divert staking rewards towards a project of their choice and get project tokens in return. According to a […]