Enter Output Hong Kong (IOHK), a blockchain analysis and growth enterprise, has partnered with MELD, a DeFi protocol based mostly on the Cardano blockchain.
The purpose of this collaboration is to repair an issue that’s hurting Cardano transaction processing on the preprod testnet.
In a tweet, IOHK expressed gratitude to MELD for bringing the problem to their discover and indicated it’s working carefully with the MELD staff to resolve the issue.
MELD found the vulnerability after a complete safety examination of its lending and borrowing protocol on the blockchain, which led to the partnership between the 2 corporations.
Up to now, MELD has postponed the deployment of its protocol on the mainnet till the issue might be fastened to ensure the security of person property.
As well as, MELD indicated that it’s working with Enter Output International (IOG) to check the following technology of the node software program to grasp higher how they might collectively repair the issue.
MELD additionally indicated they might remark extra on the progress made all through April.
The notification made by IOHK underscores the corporate’s dedication as a Cardano companion to repair any issues which will have an effect on the Cardano blockchain platform and the customers of that platform.
IOHK communicated their gratitude to MELD for the efforts to deliver the matter to their discover. MELD, for its half, expressed appreciation to the IOG engineers for his or her assist.
The enterprise additionally stated they had been investigating a number of short-term and medium-term choices for his or her growth or their intentions to debut on Cardano.
MELD additional claimed they might open-source their sensible contracts, and when an answer is in place that adequately mitigates the issue, they might make the mandatory revisions to its code base and deploy on the mainnet.
MELD additionally introduced that they might open-source their sensible contracts.
As well as, IOHK has indicated that they all the time respect cooperation with DeFi tasks constructed ethically on Cardano and would proceed to help MELD all through their path to deploy its mainnet.