Midas Monthly Highlights: July 2022
Welcome to the July 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 August. You can also join our Twitter, Discord, and Telegram communities to stay up to date.
July 2022 Highlights
Adding Moonbeam To The Midas Ecosystem
In July, we integrated the Moonbeam platform into the Midas ecosystem. The addition of Moonbeam will help users be a part of a scalable environment built on Polkadot. This sets up Midas’ vision of creating a multi-chain ecosystem, enabling users, DAOs, and protocols to create their isolated money markets with complete customizability, keeping control in their hands.
Midas aims to build a highly rewarding ecosystem across chains for both developers and investors. With Moonbeam as an ally, we will be able to offer unique assets and yield-generating opportunities that will be directly integrated into our pools.
Jarvis Network’s jFIAT Pool Receives Liquidity
With an aim to seed liquidity for the jFIAT pool, Jarvis Network presented a proposal to their community to mint additional jBRL. The proposal received an exceptional response from the community, with over 97% of the community members voting to mint $220K worth of jBRL to seed the jFIAT pool.
The pool has been seeded with the newly minted jBRL, and Midas users can now participate in the jFIAT money market. We have also published a handy guide to get you started with the pool.
Leveraging ERC-4626 To Maximize Returns: AMA With Jarvis Protocol
Dominik Hell — Lead Strategist at Midas Capital, sat down with Pascal Tallarida, Founder of Jarvis Network for an interactive AMA. The topics covered in the AMA were the Jarvis jFIAT pool, how Midas Capital is using ERC-4626 to enable users to supercharge their investments and earn an additional yield on their LP tokens while using them as collateral, and upcoming features for partners and users.
Track The Midas Ecosystem On DeFiLlama
Midas Capital is now live on DeFiLlama, and users can track the Midas ecosystem on BNB Chain, Moonbeam, and other upcoming ecosystems. The platform will offer details about the chains Midas is live on, the total platform TVL, the tokens available on the platform, and the borrowed capital from the pools.
What To Look Forward To In August
Much like July, August is going to be another exciting month for Midas Capital, its partners, and its users. With the recent addition of Moonbeam, we will be integrating with new ecosystems, enabling users, DAOs, and protocols to start creating their money markets across chains and assets.
Follow us to stay updated.
See you in August!
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.
