MELD is the first DeFi, unmanaged, banking protocol that allows users to easily and securely borrow cryptocurrencies and fiat currencies and pledge MELD tokens for APY. Crypto assets can be used as collateral to secure low-interest loans in fiat currency without losing the private key. MELD allows users to use their cryptocurrency to borrow the cash they need immediately, while still maintaining full control of their crypto portfolio for future value.