The Standard for Onchain Investment Products. Full transparency. Instant redemptions. Native composability. Backed by @rre @creandum @hiFramework @cbventures
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Joined January 2024
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Earlier this year, we introduced our Standard Incident Response Protocol. It sets out how Midas responds to security threats, third-party exploits and market anomalies that could affect Midas' products and investors.
Yesterday, we applied it in full:
1. Activation: our monitoring and security partners flagged unusual onchain activity.
2. Safeguarding: as a precaution, we paused instant redemptions, and new investments where needed. Standard redemptions and pricing ran throughout.
3. Investigation: the team and strategy managers initiated an immediate investigation to determine the scope of the alert.
4. Restoration: functions came back progressively, only once the underlying assets, price oracles and smart contracts had each been verified.
5. Communication: status updates were shared here and on each product page, and we kept partners and investors informed directly.
We take these steps to protect the interests of our investors and partners, so that in moments of market stress, every decision follows a process defined in advance.
Read the full protocol: docs.midas.app/security/stan…
Midas assets were unaffected by yesterday’s events. Our team followed the Standard Incident Response Protocol and kept partners and investors informed throughout.
Over the same period, mTokens saw net inflows, a reflection of the trust of our ecosystem in the quality of our products.
Update: following the activation of our Standard Incident Response Protocol earlier today, Midas has begun progressively resuming instant redemptions for mTokens.
The current status of each product is available on its page at midas.app/products.
We will continue to monitor the situation closely and provide further updates here.
Update: following the activation of our Standard Incident Response Protocol earlier today, Midas has begun progressively resuming instant redemptions for mTokens.
The current status of each product is available on its page at midas.app/products.
We will continue to monitor the situation closely and provide further updates here.
As a precautionary measure in response to a potential security incident in the wider market, Midas has temporarily paused instant redemptions for mTokens, in line with our Standard Incident Response Protocol.
Midas smart contracts are unaffected. Standard redemptions and product pricing continue to operate as normal.
We are monitoring the situation. Updates will follow here as they develop.
As a precautionary measure in response to a potential security incident in the wider market, Midas has temporarily paused instant redemptions for mTokens, in line with our Standard Incident Response Protocol.
Midas smart contracts are unaffected. Standard redemptions and product pricing continue to operate as normal.
We are monitoring the situation. Updates will follow here as they develop.
More information on our process: docs.midas.app/security/stan…
mGLO is now part of @symbioticfi 's Liquid Lane:
mGLO (issued by @MidasRWA) redemption windows per year: 12
mGLO exit windows on Liquid Lane through @kpk_io vault: ~2.6M (one every @Ethereum block)
Still fine to wait for redemption. But if you’d rather not → tinyurl.com/mglo-usdc
Transparency Snapshot: Top 10 TVL
🔷 $214.97M in White Label Vaults
🔷 $173.52M in mGLO
🔷 $77.50M in mTBILL
🔷 $66.07M in mF-ONE
🔷 $33.36M in mGLOBAL
🔷 $31.24M in MSL
🔷 $29.12M in mHYPER
🔷 $23.47M in mHyperBTC
🔷 $19.43M in mM1-USD
🔷 $12.92M in mROX
All details: midas.app/transparency
Transparency Snapshot: Top 10 TVL
🔷 $230.80M in White Label Vaults
🔷 $119.02M in mGLO
🔷 $76.38M in mTBILL
🔷 $65.64M in mF-ONE
🔷 $34.06M in mGLOBAL
🔷 $31.51M in mHYPER
🔷 $31.16M in MSL
🔷 $30.30M in mWIN
🔷 $29.48M in mHyperBTC
🔷 $26.25M in mM1-USD
All details: midas.app/transparency
Independent research on mGLO from @Vault_St.
Legal structure, portfolio composition, NAV mechanics, redemption terms and the technical stack behind it.
@FasanaraCapital runs the strategy: short-dated SME trade receivables and digital invoices from fintech originators.
Full report: app.vaultstreet.com/research…
New research is live: mGLO - Midas × @FasanaraCapital GDADF Strategy, tokenized by @MidasRWA
Onchain access to Fasanara Capital's private credit strategy: short-dated SME trade receivables & digital invoices from fintech originators.
$119M+ onchain, now part of the CARRY Vault.
Midas retweeted
Tokenisation search volume through the roof 👀. Good times
Average TradFi Joe : What are these people doing?
Us: What is your take on the best oracle design for RWA PT looping?
Yea we still got some work to do, but it's getting there 🤣
Midas retweeted
Tokenized assets are more useful when you can do more than just trade them.
On Theorem, asset pages now show what you can do with an asset in DeFi, starting with @GearboxProtocol.
For @MidasRWA’s mGLOBAL, users can jump directly from Theorem to Gearbox to open a leveraged position and further boost their yield.
The integration is now live on @ethereum:
eth.theorem.markets/markets/…
The Clearing House II: Singapore
Asset management, lending, tokenisation and traditional finance in one room.
Enjoy a look at the atmosphere below.
Thank you to everyone who joined us.
Next up: TCH III London
tch.midas.app
Our CEO @DennisMidas on what it takes for more traditional assets to come onchain.
On stage at @stblcnsummit:
Most assets will come onchain eventually. For now, onchain markets are still a fraction of the size of traditional ones, and liquidity is a big part of why.
Making it easier for investors to get in and out is where we spend a lot of our time at Midas.
Thanks @stblcnsummit for having me. Full keynote below.
Today, @Vault_St launches CARRY, its second vault after primeUSD, combining leveraged exposure to RWAs with delta-neutral strategies.
The CARRY portfolio includes mGLOBAL and mWIN, linked to the performance of strategies run by @FasanaraCapital and @Wellington_Mgmt.
Composable onchain investment products are purposefully built to be used this way.
Read the full X article: nitter.cf/Vault_St/status/210820…
Introducing CARRY: 12%+ target yield from leveraged RWAs by @MidasRWA @Figure @SuperstateInc @Bitwise
Midas retweeted
The Clearing House is in full motion.
Ideas meet, capital moves, and the market clears.
The Clearing House II: Singapore is a wrap.
Leaders from asset management, lending, tokenisation and traditional finance came together to discuss how onchain financial markets get built.
Thank you to everyone who joined us.
More upcoming editions: tch.midas.app
Stay vigilant! Security starts with knowing who you're talking to.
Check any Telegram, LinkedIn or X handle with Midas Verify to confirm it belongs to a current team member.
We will never ask for funds, private keys or passwords via DM.
→ midas.app/verify
