Midas, a protocol to emit tokens with yield supported by American treasury bills and other assets, introduced a blockchain -based private credit product, with the help of the director of institutional assets Fasanara and natives of Crypto Morpho and Steakhouse, companies announced on Friday.
The MF-One of Midas, a native Blockchain native investment certificate, is structured to follow the Fa-One Fund in Fasanara composed of allocations in original Fintech debts, Loans to SMEs, the credit supported in real estate and neutral digital strategies Delta.
Qualified investors can collateralize MF-One in a Morpho MF-One / USDC market and borrow the liquidity of the USDC supplied to the USDC chests organized by Steakhouse, according to a press release. This allows customers to borrow stablecoins against their assets and obtain the effectiveness of capital while maintaining an exhibition to a credit strategy.
In February, Midas introduced liquid yield tokens (Lyt) linked to actively managed and decentralized finance (Challenge) Funds, starting with Edge Capital, Re7 Capital and Mev Capital.
The launch of the MF-One is supported by the participation of the main DEFIs and the institutions, in particular: Parket Capital, GSR, Hardcore Labs, Sumcap and Cian.
