As a part of our thorough security analysis of the lending and borrowing protocol, MELD has identified an issue with the way transaction processing is handled on Cardano, and how it impacts the MELD protocol that could disrupt key parts of MELD’s protocol. The security of user assets remains our highest priority and as such, we will hold off the launch of our protocol to the main net until we are fully confident users’ funds will not be put at risk.
We are currently collaborating with IOG on testing with the next iteration of the node software to better understand how we might jointly address this. We’ll be able to offer the MELD community further feedback on progress on this during April. We appreciate IOG engineers’ support on this.
We are also looking at a number of short and medium term solutions for our development or plans to launch on Cardano. For the time being we will open source our smart contracts and once there is a solution in place that sufficiently mitigates the issue, we will make the required adjustments to our code base and launch on mainnet. #Cardano