Midas Monthly Highlights: August 2022
Welcome to the August edition of the monthly newsletter of Midas Capital. The newsletter shares monthly updates about what’s happening at Midas Capital and what users can expect in September. You can also join our Twitter, Discord, and Telegram communities to stay up to date.
August 2022 Highlights
Midas Capital Integrates With The Polygon Ecosystem
In August, we integrated Polygon into the Midas ecosystem to offer customizable and isolated lending/borrowing markets. This integration is another step towards Midas Capital’s vision of building a highly scalable multi-chain ecosystem, enabling protocols to create isolated money markets with extensively customizable pool parameters and diverse use cases. Through these pools, users will be able to earn interest on their deposits and participate in various yield-generating strategies.
Midas Is Now Live On DappRadar
Midas Capital is now live on DappRadar, and the platform is currently tracking the Midas ecosystem on BNB Chain, Moonbeam, and Polygon. Users can track the key metrics of Midas, including the available chains, active pools, number of users, transactions, and total volume.
Upcoming Pools
As we integrate with new ecosystems, multiple pools are being established to enable Midas users to be a part of a scalable ecosystem. Recently, Jarvis Network initiated a proposal to seed liquidity in the Jarvis jFIAT pool on Polygon, which received an overwhelming response from the community. As a result, the jFIAT pool has received liquidity of over 1 million. Mimo Labs has also initiated a proposal to create a Mimo pool on Polygon. Moreover, Qi DAO’s proposals to seed liquidity into Jarvis jFIAT lending pools on BNB Chain and Polygon and the Ellipsis x DotDot lending pools on BNB Chain and Polygon have also passed. Now, users will be able to borrow MAI against their collateral and earn yield on MAI deposits.
Build Seamlessly With Midas SDK
At Midas, we aim to provide a foundational layer to protocols and projects that want to offer cross-chain money markets to their users on their frontend. With the Midas SDK, developers can seamlessly integrate permissionless pools into their own applications with the interaction with Midas happening in the backend. Users can interact with the pools directly on the platform’s interface without needing to visit Midas’ app at all.
Exciting Opportunities With ERC-4626 Tokenized Vault Standard
To create a scalable ecosystem with other protocols and blockchains, Midas is leveraging the ERC-4626 tokenized vault standard. The standard has been created to unify the technical parameters of yield-bearing vaults, making development, integration, and interoperability easier for vaults. We have created a handy guide on ERC-4626 for users to understand how the standard works and how Midas is offering exciting opportunities to its users through it. Users can also download a detailed infographic to know more about the standard visually.
What To Look Forward To In September
As we bid adieu to August, we are extremely excited for September. It is surely going to be another exciting month for Midas Capital, its partners, and its users. As we integrate Polygon and other major ecosystems to Midas, we are enabling users, DAOs, and protocols to start creating their money markets across chains and assets.
Follow us to stay updated.
See you in September!
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 both large-scale institutions, protocols, and traditional investors.
