- IOHK and MELD are collaborating to resolve the Cardano testnet downside.
- MELD delays the launch of the principle community to make sure the safety of consumer belongings.
- IOHK says it’s dedicated to supporting DApp and DeFi tasks powered by Cardano.
Blockchain analysis and growth firm Enter Output Hong Kong (IOHK) has introduced a collaboration with MELD, a DeFi protocol constructed on the Cardano blockchain, to deal with a problem affecting Cardano transaction processing on the pre-test community.
In a tweet, IOHK mentioned it was working carefully with the MELD group to discover a resolution to the issue and appreciated MELD bringing it to their consideration. The collaboration started after MELD recognized dysfunction performing an in-depth safety evaluation of its lending and borrowing protocol on the blockchain.
MELD beforehand delayed the launch of its protocol on the mainnet till the difficulty was resolved to make sure the safety of consumer belongings. Moreover, MELD confirmed that they’re working with Enter Output International (IOG) to check the subsequent iteration of the node software program to higher perceive how they’ll work collectively to resolve this downside. In addition they confirmed that they may present additional suggestions on progress in April.
IOHK’s announcement highlights the corporate’s dedication as a Cardano accomplice to deal with any points which will have an effect on the Cardano blockchain platform and its customers. IOHK expressed its appreciation for MELD’s efforts to convey this situation to their consideration. For its half, MELD additionally acknowledged the assist of the IOG engineers.
The corporate added that also they are exploring a number of short- and medium-term options for his or her growth or plans to launch on Cardano. MELD additionally said that they are going to be utilizing open supply sensible contracts and as soon as an answer is made that mitigates the issue sufficient, they may make the required modifications to the codebase and launch it on the mainnet.
IOHK additionally said that it at all times values cooperation with DApp and DeFi tasks within the accountable growth of Cardano, and can proceed to assist MELD on its method to the mainnet launch.
