Meridian Project Introduction, Team, Financing and News

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RD Popularity Index

2727.03% (24h)

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Project Rank: 5438/15432

RD Growth Index

672.18% (24h)

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Project Rank: 5903/15432

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Related News

Sep 24, 2024

The Movement ecological DeFi project Meridian has completed a $4 million seed round financing, led by ParaFi Capital and Borderless Capital

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Details

Meridian is a decentralized finance (DeFi) protocol suite offering a range of non-custodial services including stablecoin, trading, and lending. Its core products include: Meridian Mint, a borrowing protocol that allows users to borrow the USD-pegged stablecoin USDM against overcollateralized positions; Meridian Swap, a decentralized exchange for trading ERC-20 tokens in automated market maker (AMM) pools; and Meridian Trade, a platform for perpetual contract trading. Meridian's smart contract codebase is a direct fork of the battle-tested Liquity and GMX protocols, designed to provide high capital efficiency, zero borrowing interest, and censorship-resistant financial infrastructure. The protocol emphasizes permissionlessness, trustlessness, and full decentralization, with all operations executed automatically by smart contracts.

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Founded:

2023