Mero’s reactive liquidity is growing! Today we are excited to announce that debt repayments are now live in addition to collateral top-ups. Meaning, liquidity on Mero can react to user-defined conditions and autonomously shift between aggregating yield, topping up collateral, or repaying debt. In this post we’ll cover how Mero…

Uncapped pools are here! After months of capped liquidity pools and the completion of 3 additional security audits, Mero is now in Phase II. Existing liquidity providers should now migrate their liquidity to the new uncapped pools. Migrating your liquidity Current LPs must migrate their liquidity to uncapped pools which are newly deployed…

Today we are saying goodbye to Backd and welcoming our new brand name, Mero (pronounced mair-oh). Since our early stages of development our team, community, and vision have evolved to a point where we have outgrown our original name, Backd. By rebranding to Mero we can build a brand that…

Today we are excited to announce that Backd has secured over $3.5 million in our latest funding round led by Advanced Blockchain AG and participants including Spartan Group, Maven 11 Capital, Struck Crypto, Apollo Capital, and Divergence Ventures. …

The Backd protocol is live on Ethereum mainnet! Users can start earning yield by providing liquidity into Backd’s yield-aggregating liquidity pools. As Backd brings reactive liquidity to DeFi, new protocol components and features will continue to unlock following the Phase I launch. Phase I: Yield Phase I of the Backd launch, enables liquidity…

Over the last year the cryptocurrency market has experienced a parabolic increase in the demand for leverage. Many traders and institutions want to maximize their exposure to speculative cryptocurrency assets. Although difficult to measure, the notional value of the cryptocurrency derivatives market is estimated to be around 5 times that…

The Backd protocol has been deployed on Kovan testnet. Through testnet, users can simulate core protocol functions such as providing liquidity and registering collateral top-ups. This blog post will serve as a quick introduction and guide to Backd on testnet. For extensive information on Backd testnet, refer to the docs. Providing liquidity on Backd testnet

Keepers are an integral part of Backd’s reactive liquidity. A keeper is an off-chain bot that monitors registered Action positions and reports eligible Actions to the Backd smart contract. The Backd smart contract handles users’ funds and executes Actions when needed. Keepers collect a percent of the generated protocol fee…

Through the development of protocols such as AMMs and money markets, DeFi has become sustainably more liquid. However, it is often inept to a user’s capital. Static or single-utility liquidity pools dominate networks causing liquidity fragmentation and excessive opportunity costs for users. Users are forced to manually delegate liquidity between…