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Mero
Mero, formerly Backd, was an Ethereum-based protocol for reactive liquidity. It enabled liquidity pools and tools intended to help borrowers on Aave and Compound earn yield while protecting loans from liquidation. The protocol was officially shut down on July 4, 2024.
Distributed
Description
Mero (previously Backd) operated Ethereum liquidity pools for assets including DAI, ETH, USDC, USDT, and FRAX. Its reactive-liquidity offering supported collateral top-ups and debt repayments for borrowers on Aave and Compound, with keeper bots protecting registered liquidity providers from liquidation. Mero announced that its front end would be deprecated, deposits would cease, and the protocol would officially shut down on July 4, 2024; users were instructed to withdraw funds by January 1, 2025 or interact with contracts directly thereafter.Grant Funding
VC Funding
None
2022
$0
$3.5M