Midas Capital Brings Isolated Pools to BNB
At Midas Capital, we are building a future where the average investor can access isolated money markets and put any digital assets to work. Today, we move one step closer to this future and are excited to announce the launch of Midas Capital isolated pools on the BNB blockchain.
Users can now build custom and isolated lending and borrowing pools to create their own money markets and unlock the full potential of their assets. The BNB chain was one of the top choices for deployment of Midas Capital’s isolated pools because of the deep liquidity and scalability of the BNB chain, which is enabled by cheap and fast transactions. Lending and Borrowing is critical DeFi infrastructure for any ecosystem and the Midas Capital protocol will bring additional value to the ecosystem by enabling the average investor to create or utilize money markets for a wider range of assets.
Bringing Midas Pools To The BNB Ecosystem
Whether you’re an individual DeFi user, a DAO, or a Treasury, you can use Midas to earn yield, collateralize, or lend your favorite tokens. Through true decentralization, users can create isolated lending and borrowing pools for any group of assets. Pool creators can customize a variety of parameters (interest rate models, collateral factors) without affecting other pools in the market. Once a pool is created, users can supply capital, create their own money market for lending and borrowing, and even launch liquidity mining campaigns through Midas pools.
As the world goes multi-chain, we also want to give our users a chance to build their own pools across multiple chains in the ecosystem. We need allies that can make the market decentralized for the average investor, therefore, we are starting with BNB due to its high liquidity, ultra-fast trading, and support for high-performance dApps.
The initial launch will include predetermined pools of several protocols, more information on them will be given in the upcoming announcements.
ERC-4626
From the get-go, users will be able to utilize the new tokenized vault standard — ERC4626! Combined with the Flywheel contract, it allows deposits of the yield-bearing assets (ie. LP tokens, xTokens, etc.) into a Midas pool and still earn rewards while using the asset as collateral.
About Midas Capital
Midas Capital is bringing isolated and customizable money markets to EVM-compatible blockchains. Enabling users, DAOs, and protocols to create customized and isolated pools for lending and borrowing any asset, Midas is building a cross-chain ecosystem that democratizes money markets. Pool creators have the flexibility to modify pool parameters (interest rate curves, oracles, collateral factors, pool fee, etc.) according to their risk appetite. With isolated pools, Midas offers stellar features for large-scale institutions, protocols, and traditional investors.
