what's midas?
Midas is a blockchain-based financial infrastructure project focused on real-world assets (RWA). It aims to make institutional-grade financial products accessible on the open web while upholding traditional finance standards of compliance and control. The platform issues tokenized assets such as mTBILL, mFARM, and others, enabling users to access yields and liquidity through integrations with DeFi protocols like Pendle. Midas has raised significant funding, including $8.75 million in a seed round, and has achieved over $500M in TVL as a leading RWA issuer. It operates on networks like Ethereum and Plume, offering products for fixed-term yields and strategy-linked rewards.
Midas plans token launch in 2026.
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x.com/midasrwaHas minted over $1.7B in total assets
Sponsors Stable Summit IV as a Platinum Sponsor in Cannes on March 27-28, 2026. CEO Dennis Dinkelmeyer speaks about scaling asset tokenization and building composable onchain investment products.
Posted transparency reports on their website regarding solvency of underlying funds and collateral repo market.
Reached $14.7 million in borrows against $16.9 million worth of mf-ONE collateral on Morpho, with borrowers paying over 20% APR.
Plans to launch token in 2026.
Integrated with Vesu for looping functionality (up to 9.6x leverage) and Ekubo Protocol for liquidity provision on Starknet.
Achieved over $20M in TVL through its RWA credit line on Monad.
Midas is listed among top projects in the tokenization of TradFi (stocks and funds) sector for 2026, alongside BlackRock's BUIDL, Ondo, Backed Finance, and RobinHood.
Rockaway_X partners with Kamino, Exponent Finance, and MidasRWA to launch risk-curated RWA vaults on Solana, announced at Breakpoint 2025.
Midas achieves $0.8M in 30-day revenue with +280% year-to-date growth, ranking among top 10 RWA projects by revenue performance according to December 2025 metrics.
Three Midas vaults (mEDGE, Re7 Yield, and Apollo) rank as the top 3 performing USD vaults over the last 90 days among vaults with TVL above $10M, curated by EdgeCapitalMgmt, Re7Capital, and ApolloCryptoFM respectively.
The vault ranks in the top 3 performing USD vaults over the last 90 days with TVL above $10M.
Ranked as one of the top 3 performing USD vaults over the last 90 days among vaults with TVL above $10M.
Fasanara holds $24m exposure to First Brands bankruptcy involving $2.5b fraudulent collateral, modeled as 100% loss by Steakhouse. Holders should expect another markdown beyond October valuations, and some borrowers are 4% from liquidation.
The NAV decline stems from $24m exposure to First Brands bankruptcy where first lien debt trades at 7.5ยข on the dollar, and another markdown is expected as current valuation only includes October data. Steakhouse models 100% loss scenario with some Morpho borrowers 4% from liquidation.
The vault drew down by approximately 2% following a private credit loan default, but no lenders suffered losses due to risk management by curator SteakhouseFi, and overall performance remains at +4% since inception.
mF-ONE vault draws down 2% in private credit event, though remains up 4% overall and Steakhouse Finance curator ensures zero impact to lenders across mF-ONE markets.
NAV valuation update results in 2% decline, with a $1M holder reporting 4% performance gains over 5 months.
mFARM vault took NAV hit during sUSDX fallout on Silo resulting in 3% redemption haircut, while mHYPER vault received controversial press regarding fund allocation during Stream bonanza.
USD(mHYPER) and USD(mAPOLLO) pools go live on Penpie Voting Market with $1,000 USDC incentives each, offering 38% and 34% APR respectively for vlPNP voters.
$2,000 USDC deposited as voting incentives on Penpie Voting Market, split between USD(mHYPER) at 38% APR ($1,000) and USD(mAPOLLO) at 34% APR ($1,000) for vlPNP voters.
Midas builds on Etherlink, the EVM compatibility layer for Tezos, with plans to bring new on-chain assets and resources to the platform.
MidasRWA platform is backed by Framework Ventures, BlockTower Capital, and GSR, and currently manages $163.4M in distributed asset value across three assets (including mF-ONE) with 3,116 holders and $247.4M in monthly transfer volume.
Listed as one of 10 leading RWA platforms, mTBILL operates under the German Electronic Securities Act on Ethereum and Plume networks, with parent platform Midas RWA managing $163.4M in distributed asset value, 3,116 holders, and $247.4M monthly transfer volume.
mAPOLLO Pendle pool goes live on Equilibria, delivering 24%+ boosted APY with vePENDLE amplification and accepting USDC, USDT, DAI, USDS deposits.
msyrupUSDp vault launches on Equilibria with full vePENDLE boost on Plasma, built on Maple Finance's syrupUSDT strategy for stablecoin deposits with boosted APY.
msyrupUSDp is now available on Equilibria with vePENDLE boost, allowing users to deposit directly or migrate existing Pendle LP positions to access boosted APY on the Plasma network.
A new Pendle pool for msyrupUSDp launches on Ethereum with a maturity date of February 26th.
Two new Pendle v2 pools launch this week on Ethereum: Midas mAPOLLO and Midas mHYPER, both with 29-JAN maturity dates.
Launches on Etherlink (Tezos EVM layer) with tokenized T-bills and basis-trade token products, plans to introduce fund-strategy products and private-credit RWAs.
Midas mHYPER pool goes live on Equilibria with 25% boosted Pendle APY and multi-protocol rewards from Ethena, Cap Labs, Almanak, USDai, Lighter, and Theo.
Midas expands its yield-bearing XRP product, mXRP, to BNB Chain through a Lista DAO integration, providing access to 480,000 XRP holders on BNB Chain for DeFi earning opportunities.
mF-ONE ranks as one of the two fastest growing tokenized assets in the past 90 days.
Midas deploys as a new market on Boros platform alongside Gaib, Yuzu, Term, Plume, and YieldNest.
Partners with Re7Labs to launch mRe7SOL, the first EVM-based Solana managed yield strategy on Katana network, accessible via Turtle platform with exposure to multiple SOL-native yield opportunities including Sushi and Morpho.
mRe7SOL partners with MidasRWA for tokenization and offers diversified SOL-native yield exposure across Sushi, Morpho, and fixed yield strategies on Katana, accessible via turtle.xyz.
Integrated with Re7 Capital to provide access to Bitcoin Institutional Yield Fund, adding new Pendle Finance pools: USD (Midas mRe7BTC) and USD (Midas mRe7yield).
Elixir, one of the largest holders, disposed of mF-ONE holdings amid broader DeFi contagion tied to Stream Finance collapse. The token has no instant liquidity with a month-long redemption cycle and faces criticism over transparency.
mF-ONE operates with a month-long redemption cycle and no instant liquidity, faces transparency concerns, and Elixir disposed of their large mF-ONE holdings to other parties amid the broader DeFi contagion event involving Stream Finance's $93M hole.
MF-ONE ranks as the 3rd fastest growing tokenized fund in the $100M-$1B supply range among major competitors including Superstate, Fidelity, Circle, and Ondo Finance products.
Three Midas products (mTBILL, mEDGE, mMEV) face heavy TVL outflows ranging from 46-57% over 7 days but remain stable and pegged.
mRe7YIELD token launches on Equilibria platform with maximum vePENDLE boost, offering over 20% boosted Pendle APY for diversified stablecoin yield strategies.
Assets under management expanded from nearly $18M to $1B since January 1st.
MEV moves funds to cover Midas vault redemptions after Elixir and Stream exposure, with transparency page listing over twice the assets shown on Debank and no team communication during the crisis.
mHYPER vault faces bankruptcy clawback risk from Stream fraud allegations related to large xUSD position, with withdrawal warning issued as courts could socialize losses under MiCA/German regulatory framework.
Midas integration on Katana goes live with support for SOL, uSOL from Universal, and jitoSOL from Jito for lending, borrowing, swapping, and vault operations.
A DeFi vault protocol clarifies no exposure to mMEV and warns users of potential illiquidity periods as market conditions resolve.
Rootstock Institutional announces Phase 1 partnership with Midas, LayerBank, and Solv at Permissionless NYC (September 2025) to connect institutions to on-chain lending and collateral markets on Bitcoin. Midas provides structured credit pools offering 1-2% yields for corporate treasuries holding BTC-denominated stable assets.
Plasma boosted lane launches with mHYPER USD pools reaching 23% APY via 230% vePENDLE boost, with WXPL rewards available on Merkl and points from six integrated protocols.
MTBILL and MF-ONE rank among the fastest growing Real World Asset tokens based on 30-day TVL growth.
Listed as one of the fastest growing Real World Asset tokens by 30-day TVL growth, associated with Midas.
MTBILL is listed among the fastest growing Real World Asset (RWA) projects based on 30-day TVL growth percentage.
Looping strategies using mBASIS collateral on Etherlink generate yields past 100% APR. The USDC vault shows 90% utilization and maintains consistent 25%+ APR over recent weeks.
MoreMarkets adds ETH, USD, and BTC Earn accounts on Hyperliquid DeFi, with MEV Capital-curated vaults audited by Midas.
mevBTC now live on Equilibria with 250% vePENDLE boost, curated by MEV Capital to track BTC-dominated DeFi yield strategies.
Integration with Equilibria launches with 250% vePENDLE effect, offering boosted APY for mevBTC deposits on Pendle Finance.
Redemption Pool liquidity increases, re-enabling loop strategies for mBASIS and mEDGE products.
MidasRWA has increased Redemption Pool liquidity, making mBASIS and mEDGE loop strategies available again.
Hyperithm now allocates liquidity directly without relying on Midas instant redemption pool. Two trading pairs (mHYPER/USDC and PT-mHYPER) are re-listed.
mMEV/USDC liquidity pool launches on Curve Finance via Etherlink with Votemarket incentive campaigns and CRV gauge voting now live.
Partners with Axelar and Hyperithm to launch mXRP, the first fully composable XRP yield token on XRPL that bridges XRP yields to EVM DeFi, with XRP TVL increasing +15% in 24 hours.
mF-ONE on Ethereum records 940% TVL increase since July, tracking a yield strategy operated by institutional asset manager Fasanara Digital.
mF-ONE grew from 0 to over $190M since August.
New mevBTC pool goes live on Pendle Finance ETH network.
New mMEV liquidity pool launches on Pendle Finance Ethereum network alongside mevBTC and other assets.
mHYPER pool TVL approaches 1.5M with $WXPL rewards now claimable on Merkl, adding another yield source to the 19% boosted Pendle APY.
Public concern raised about mHYPER token's ability to handle mass withdrawals, questioning the "liquid yield token" claim.
USD (Midas mHYPER) boosted pool launches on Plasma with Equilibria's 250% vePENDLE boost, delivering 26% APY and points across six protocols: Hyperbeat, Ethena, Cap Labs, Almanak, USDai, and Lighter.
Featured in article about RWA strategies on Morpho protocol alongside sACRED and AA_FalconXUSDC as a tokenized yield-bearing asset for collateralization and stablecoin borrowing.
Redemption times have improved compared to previous periods, representing an operational enhancement to the platform.
mevBTC is added as a new yield source for yoBTC, tracking BTC strategies managed by MEV Capital with $18m TVL and 9.99% APY target.
Integration with yoBTC adds mevBTC as yield source, tracking BTC strategies by MEV Capital with $18m TVL and 9.99% APY target.
Midas mMEV and mEDGE pools launch on Pendle Ethereum on May 28.
Risk managers create yield-bearing stablecoins on the platform with USDC deployed to Morpho/Euler vaults, as users recursively borrow USDC against these stablecoins to increase exposure, raising health concerns about this leveraged system.
Integration on Etherlink platform offers 10X leveraged MidasRWA tokens at up to 140% APR, passive USDC lending at 24% APY, and leveraged Curve pools at up to 66% APR through Re7Labs.
yoUSD integrates mAPOLLO as a new yield source for its platform.
mAPOLLO is integrated as a new yield source for yoUSD by MidasRWA.
splUSD launches on Equilibria backed by Midas infrastructure with up to 250% vePENDLE boost and boosted WXPL rewards via Merkl for liquidity providers.
Midas USD launches mFARM liquidity pool on Penpie platform with $1.17M TVL, offering loyalty points from 4 protocols plus boosted PENDLE rewards.
USD(mFARM) pool on Penpie reaches $1.17M in TVL, offering loyalty points from 4 protocols alongside boosted PENDLE rewards for LP token deposits.
Boosted USD(mFARM) pool launches on Penpie offering 22% APY in PENDLE rewards plus 8 different boosted loyalty points for LP deposits.
USD (mFARM) launches on Equilibria offering up to 250% vePENDLE boost potential and multi-protocol point rewards for liquidity providers.
Penpie voting incentive program updated with $6,250 USDC total allocation: USD(mEDGE) receives $5,250 at 57% APR while USD(mAPOLLO) reduced to $1,000 at 21% APR.
Ranks #8 among top 10 projects by TVL growth in September 2025 with +232% increase.
mBTC looping on Rootstock integrates with LayerBank UI for direct mint and wrapping, offering up to 135% BTC-denominated yield through automated looping.
Incentive program on Penpie voting market expands to $8,700 USDC with USD(mEDGE) pool at $4,700/47% APR and USD(mAPOLLO) pool at $4,000/58% APR.
The TVL for mF-ONE on Ethereum increases approximately 760% since July, with the product tracking Fasanara Capital's institutional yield strategy.
Partnership with Farm Capital and Plasma Foundation to seed Plasma USDT0 MetaVault on Term Finance platform.
The Axelar partnership is about to reach its 6.5M XRP funding cap within a couple of days, indicating strong market demand.
New USDC reward incentives totaling $7,350 launched on Penpie Voting Market with mEDGE offering 78% APR and mAPOLLO offering 61% APR.
Partners with Axelar to launch $mXRP token, enabling XRP holders to access onchain yield strategies via XRPL EVM.
Partnership with Farm Capital launches mFARM pool offering 22.9% APY plus additional reward points, reaching $3.4M in total value locked.
Ranks #2 among top weekly TVL movers, indicating significant recent total value locked growth.
New $7,500 USDC incentive program launches on Penpie voting market with 73% APR for USD(mEDGE) pool and 54% APR for USD(mAPOLLO) pool targeting vlPNP voters.
Technical problems during launch allow early contract deposits, resulting in $200M capacity filled before official launch time with poor communication about $xpl rewards.
The partnership vault with Maple Finance and Plasma goes live September 16th at 9:00 AM ET with XPL rewards, marking the final deposit opportunity before Plasma mainnet beta launch.
New partnership with Maple Finance and Plasma Foundation brings syrupUSDT to Plasma platform with $200 million initial capacity.
Maple Finance partners with Plasma Foundation and MidasRWA to launch syrupUSDT on Plasma network with $200m initial supply cap.
$5,000 USDC in fresh incentives arrives on Equilibria's mHYPER pool with Hyperithm and MidasRWA backing, targeting vlEQB holders for voting rewards.
The boosted USD (mAPOLLO) pool goes live on Penpie platform, allowing users to deposit Pendle LP tokens for 19% APY plus ResolvLabs Points rewards.