what's Meridian?

Meridian is an onchain institutional credit infrastructure protocol built on Avalanche. It provides structured credit vaults, credit default swaps with AMM pricing, cross-chain margin functionality, and operates as a unified protocol across three layers. The protocol enables composable smart contracts to bring traditional institutional credit primitives onchain, facilitating advanced DeFi mechanisms for credit markets in a decentralized environment.

Meridian won top prize in Avalanche's Build games competition in March 2026.