Midas, a financial tokenization platform, said it is introducing two tokenized investment products in Etherlink, a layer 2 -compatible overposition system with Ethereum for faster and faster transactions, built with the Tix block chain.
The new products, MMEV and MRE7YIELD, are designed to offer opportunities in decentralized finances (Defi) and are monitored by MEV Capital and Re7 Capital, respectively, each acting as designated risks manager, according to a press release from Wednesday.
The movement is based on the previous products of Midas, Mbasis and MTBill, which have attracted $ 11 million together in the total value blocked (TVL) In Etherlink from its introduction. These tokenized certificates track financial strategies through ERC-20 tokens, which allows users to maintain exposure through intelligent contracts without permission and without permission while retaining compliance supervision.
The new products follow a similar model. MMEV offers exposure to arbitration and neutral opportunities in the market in blockchain ecosystems, while Mre7yield tracks diversified definition performance strategies. In both cases, investors avoid dealing with multiple intermediaries or regional regulations through the execution of strategies through a single transaction in the chain.
Etherlink, with its rapid confirmation times and insignificant transaction rates, has seen recent network updates, including almost moments of retirement.
What once required to be hired through multiple layers of intermediaries, each governed by their own local regulations, can soon be executed through a single smart contract call, said David Reluchain, head of Defi in Nomadic Labs, a group of tez developers working in Etherlink.
“Products such as MMEV and MRE7YIELD finally make advanced yield cultivation strategies accessible to institutional investors. We see them as an important step to take finance to wholesale to the chain,” said Crimin in the statement.
For MIDAS, Etherlink provides the ideal environment for scalable financial applications, where strategies can be composed directly in loans, automated market manufacturing and structured vaults with minimum general expenses and maximum accessibility, said Dennis Dinkelmeyer, CEO of Midas
“Etherlink offers the scalability and composability necessary to carry structured and compatible strategies completely in the chain. With MMEV and MRE7YIELD, we are expanding safe and self -opposition exposure to institutional grade products.” Dinkelmeyer said in a statement.
