Midas Capital Brings Isolated Lending To Evmos
Taking another step towards building a democratized multi-chain money market ecosystem, we are delighted to announce that Midas has integrated with Evmos.
As we bring isolated money markets to Evmos, pool participants will be able to unlock the full potential of their assets by lending, borrowing, and collateralizing a variety of assets. At Midas, Evmos was the ideal choice for our next integration due to its highly scalable nature in bringing the world of Ethereum-based applications and assets to Cosmos. While developers can build diverse applications with Evmos, users can enjoy higher rewards and incentives. With money markets on Evmos, Midas will be able to bring exceptional value for investors, protocols, and developers.
Bringing Midas Pools To Evmos
Evmos is an EVM-based blockchain in the Cosmos ecosystem that enables developers to seamlessly build apps in Solidity and Vyper, much like in the Ethereum ecosystem, while they utilize the features of Cosmos. Built to provide a novel and unified experience, Evmos expands the functionality of the EVM by enabling cross-chain applications that tap the liquidity and user bases of multiple blockchain ecosystems.
Therefore, with isolated money markets, users on Evmos can participate in lending/borrowing pools and enable various strategies. The integration with the Evmos ecosystem is a stepping stone for our vision of providing a multi-chain opportunity for users to put their assets to work and maximize returns. With Evmos, users can enjoy a super-fast and rewarding ecosystem.
The initial launch of Evmos on Midas Capital will include pre-determined pools of several protocols; more information on them will be given in the upcoming announcements.
Endless Opportunities With Midas Capital
Midas Capital leverages the ERC-4626 tokenized vault standard to provide additional yield-generating opportunities to users. Through the standard, diverse platforms can integrate seamlessly, unlocking access to yield for users with minimal effort. In Midas, users can utilize supported LP tokens to generate additional yield. When users collateralize the supported LP assets in the pool, Midas automatically redeposits them into various strategies for autocompounding rewards. Therefore, users can accrue additional yield on their deposits even when using them as collateral.
Moreover, Midas Capital is enabling users across chains to access the liquidity of their staked assets and use them as collateral to borrow other assets from the money markets. As the Evmos ecosystem gears up for liquid staking, the Midas platform has a robust and battle-tested infrastructure already in place. With multiple pools across chains already supporting liquid staked tokens as collateral, users on Evmos will soon be able to seamlessly collateralize their position and earn additional yield while their original staked assets continue to earn rewards.
With a chain-agnostic SDK, Midas will enable developers and projects on Evmos to offer isolated money markets to their users right in their front end. With the chain-agnostic Midas SDK, developers can manage, create, and interact with Midas pools on their own platforms. The SDK provides all functionality of Midas pools to the users without them having to interact with Midas directly.
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.
