- This results in an increase in the availability of compliant and composable tokens for use in decentralized financial applications.
- The partnership opens the door for further in-depth integrations of LYTs into the Etherlink ecosystem, which in turn unlocks use cases.
The tokenization platform Midas, which is built for institutional use, is continuing its expansion on Etherlink, which is an Ethereum Virtual Machine (EVM) compliant Layer 2 blockchain that is based on Tezos Smart Rollup technology. Midas has now introduced two new flagship products on the Etherlink mainnet, mMEV and mRe7YIELD, further expanding its on-chain services. These additions come after the debut of mBASIS and mTBILL, which were previous flagship products.
Through this agreement, Midas’ compliance tokenization infrastructure is brought to one of the L2 environments that is both the quickest and most cost-effective. This results in an increase in the availability of compliant and composable tokens for use in decentralized financial applications.
Composability at Scale: Midas on Etherlink
Tokenized certificates are issued by Midas. These certificates are intended to monitor the effectiveness of strategies by means of ERC-20 tokens that are entirely self-custodied. With the use of permissionless smart contracts and a solid compliance and issuance infrastructure, these tokens are intended to provide users with transparent, on-chain access to structured financial strategies.
The fact that mBASIS and mTBILL have already reached a total value locked (TVL) of $11 million on Etherlink demonstrates that there is a demand in the market for liquid and verifiable exposure to both conventional and digital yield techniques.
mMEV, which is intended to represent market-neutral DeFi possibilities and structured yield strategies deployed across blockchain ecosystems, and mRe7YIELD, which is meant to reflect diverse, market-neutral DeFi yield strategies, have also been introduced to this ecosystem. Both MEV Capital and Re7 Capital, in their respective capacities as Risk Managers, are responsible for monitoring these strategies. This ensures that institutional-level supervision is maintained while maintaining the native composability of DeFi (Decentralized Finance).
Why Etherlink
Etherlink is a non-custodial, EVM-compatible Layer 2 that is based on Tezos Smart Rollups. It provides developers with confirmation speeds of less than 500 milliseconds and transaction costs that are much lower than $0. Etherlink, in contrast to typical L2s, publishes state commitments to Tezos L1 with a latency of just 8 seconds. This provides a mix of speed, security, and decentralization.
David Relkin, Head of DeFi at Nomadic Labs stated:
“Products like mMEV and mRE7YIELD finally make advanced yield farming strategies accessible to institutional investors. We view them as one important step toward bringing wholesale finance fully on-chain. What once required contracting through multiple layers of intermediaries — each governed by their own local regulations — may soon be executed through a single smart contract call.”
Its open governance style and transparent, fraud-proof procedures guarantee that the progress of the protocol reflects the consensus of the community, which makes it a platform for decentralized finance innovation that is both one of a kind and exceptionally robust.
The appropriate framework for scalable financial applications is provided by Etherlink for Midas. This environment allows for the composition of strategies straight into lending, automated market making, and structured vaults with little overhead and maximum accessibility.
Dennis Dinkelmeyer, CEO at Midas stated:
“Etherlink offers the scalability and composability needed to bring structured, compliant strategies fully on-chain. With mMEV and mRe7YIELD, we’re expanding secure, self-custodied exposure to institutional-grade products.”
Not only does the timing coincide with substantial momentum in the Etherlink ecosystem, but the total value locked has also surpassed $40 million in the most recent few months. The rapid growth of the platform and its increasing acceptance are shown by recent network upgrades and improvements to the bridge infrastructure. These improvements include quick withdrawals, which cut the amount of time it takes to withdraw funds from 15 days to less than a minute.
A Strategic Alignment of Infrastructure
It is a reflection of Midas’s dedication to deploying on infrastructure that supports open financial systems, where anybody may access compliant, composable yield instruments at low cost and fast speed. This integration underscores that commitment.
The partnership opens the door for further in-depth integrations of LYTs into the Etherlink ecosystem, which in turn unlocks use cases ranging from risk tranching and collateralized lending to portfolio management based on smart contracts.
The tokenization platform Midas is responsible for the development of institutional-grade financial products on the open web. Combining TradFi-grade standards with DeFi composability, its ERC-20 tokens are organized to monitor dedicated strategies with verifiable on-chain performance. This allows them to be used in a variety of applications. Midas is supported by prominent investors like as Framework Ventures, BlockTower Capital, and GSR, and it collaborates with regulated custodians to guarantee robust compliance and risk controls.
Based on the Tezos Smart Rollups technology, Etherlink is a Layer 2 blockchain that is compatible with the Ethereum Virtual Machine. It provides developers the ability to migrate users and deploy any EVM codebase without any complications and include assets from Ethereum and other chains that are interoperable, which enables interaction and asset transfers across without any interruptions across several networks.
Disclaimer
This announcement is for informational purposes only and does not constitute investment advice or an offer to sell or buy any financial instrument. Midas-issued tokens are not available to U.S. or U.K. persons or to residents of sanctioned jurisdictions. Past performance is not indicative of future results. Claims are subordinated and may be at risk in insolvency. Full legal terms available at: https://docs.midas.app/resources/legal-documents/investment-disclaimer
