Midas, a protocol to issue tokens with the yield supported by US treasury bills and other assets, introduced liquid yield tokens (LYT) linked to decentralized financial funds (DEFI) actively and at the end of MEV Capital (DEFI), starting with Edge Capital, Re7 Capital and Mev Capital Mev Capital.
At the end of last year, Midas received regulatory approval to issue basic tokens and US treasury bills in Liechtenstein, allowing passports across Germany and Europe.
The tokenization manufacturers in the native crypto and focusing arena has seen the need for alternatives bearing the yield to stablecoins established like USDT de Tether and USDC de Circle, which keep the interest generated by the reserves.
Addes following Midas products reflect the evolution of market conditions. For example, the company tokenized in the company tokenized, based on a BlackRock monetary market fund, was introduced when interest rates were around 5% and the DEFI markets were much lower, around 2 %.
The subsequent addition of a cash token and transport provided yields last year by more than 20%, but market trends in reverse, said Midas CEO Dennis Dinkelmeyer. The new product LYT is targeting yields up to 20%, he said.
“We have teamed up with the best in industry such as Edge Capital, Re7 Capital and Mev Capital with other big names to come,” said Dinkelmeyer in an interview. “These fund managers are really experts with regard to yield, whether with large T, basic transactions or other sources of return such as market manufacturing and arbitration.”
The Midas tokenization platform allows a large audience exposure to these tokens with a problem with one click and an exchange process, said Dinkelmeyer. “In addition, tokens can be used as a guarantee in DEFI, starting with EULER and MORPHO with more to follow.”
