Midas Capital Brings Isolated Pools to Moonbeam
Expanding the Midas ecosystem, we are excited to announce the launch of Midas Capital pools on the Moonbeam ecosystem.
The integration will help users unlock the full potential of their assets through customized and isolated lending and borrowing pools. Moonbeam is a smart contract platform for cross-chain connected applications that unite assets and functionality from many blockchains. The addition of Moonbeam to the Midas Capital ecosystem will help users be a part of an environment that combines vast interoperability with familiar Ethereum-style wallets and addresses built on the power of Polkadot.
Building A Customizable Cross-Chain Infrastructure
Midas aims to build a highly rewarding ecosystem across chains for both developers and investors. For our developer-facing strategy, we are building a cross-chain native application using the best tooling available (Nomad, Connext, and LiFi) that has a fully integrated approach to building code, tooling, governance, product, and tokenomics. Our expertise allows us to consider the difficulties and tradeoffs of cross-chain development from the beginning and mitigate them upfront. We plan to contribute our dev tooling and mindshare back to the community.
Moreover, to maximize the potential of money markets for pool creators and investors through an external strategy, we are leveraging bridgehead chains, which are EVM chains sitting on top of a non-EVM environment. This will allow us to tap into the underlying ecosystems through the native cross-chain protocols and design of these chains, and create money markets that combine EVM assets with non-EVM assets.
To fully utilize the power of the Polkadot ecosystem, we plan to build XCM connections into our smart contracts that allow unique assets and yield-generating opportunities to be directly integrated into our lending pools.
As we democratize money markets for all, we offer:
- Users the opportunity to use any yield-bearing asset as collateral while continuing to earn rewards
- Developers a white-label solution for all major DeFi primitives with the ability to be integrated on any interface through the Midas SDK
- Pool builders to create their own money markets with customized parameters for any asset of their choosing, across chains and ecosystems
- A cross-chain ecosystem that offers stellar features for both the large-scale institutions and single investors
Bringing Midas Pools To The Moonbeam Ecosystem
With isolated money markets, Midas Capital enables individual users, DAOs, and treasuries to earn yield, collateralize, and lend all the top assets in the ecosystem. With a truly decentralized model, pool builders can build their own pools with custom parameters. Once an isolated pool is created, users can build their own money markets for lending, borrowing, and liquidity mining.
The integration with Moonbeam is a substantial boost to the Midas Capital ecosystem, where we are providing our users to maximize their returns across chains and assets. With Moonbeam as our ally, users at Midas can now enjoy a scalable and rewarding ecosystem.
The initial launch will include predetermined pools of several protocols; more information on them will be given in the upcoming announcements.
ERC-4626
Midas Capital also utilizes the new tokenized vault standard — ERC-4626, which is a standard to optimize and unify the technical parameters of yield-bearing vaults. It provides a standard API for tokenized yield-bearing vaults, lowering the integration effort and unlocking access to yield in various applications with little specialized effort.
When used in combination with the Flywheel contract, it enables the deposits of the yield-bearing assets like LP tokens and staked tokens into a pool where users can still earn rewards while using the asset as collateral.
About the Moonbeam Network
Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.
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.
