Just a few days ago we covered how anyone can now create and manage their own ‘equity-like’ portfolios here. Crypto moves fast though and earlier this week Melon Protocol, featured in the previous article, announced a ‘merger’ with another protocol offering deposits - Rari Capital.
By integrating with each other, the two protocols will allow their customers to run both directional strategies (i.e. stocks) and ‘credit’ strategies, which users can create and deploy. It’s hard to think of any traditional financial player that would allow you to do both.
Such ‘mergers’ are a testament to how easy it is for crypto-native projects to pivot, innovate and collaborate. Moreover, to create a positive economic loop, each protocol will be ‘airdropping’ (i.e. gifting) their tokens to the users of the other protocol respectively. This creates a strong economic loyalty across both user bases and is similar to a share swap with the only difference that users benefit from it too!