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Friday, December 9, 2022
HomeCryptocurrencyMidas.Investments CeDeFi Migrated to Ethereum (ETH) Blockchain

Midas.Investments CeDeFi Migrated to Ethereum (ETH) Blockchain

Contents

  • Midas.Investments CeDeFi platform’s token migrates to Ethereum (ETH)
  • Cellular utility to go stay in Q1, 2023

Midas.Investments (MIDAS), a new-generation multi-currency yield farming machine, shares the small print of its migration to Ethereum (ETH) and unveils its upcoming plans.

Midas.Investments CeDeFi platform’s token migrates to Ethereum (ETH)

In line with the official assertion shared by its staff, Midas.Investments, a multi-product ecosystem for yield farming, moved its core native asset MIDAS to Ethereum (ETH) from Fantom (FTM).

Beforehand, the token was engaged on Fantom (FTM), an EVM-compatible blockchain. With migration towards Ethereum (ETH), the staff of Midas.Investments is concentrated on integrating its design right into a extra sturdy and thriving DeFi platform.

This, in flip, will permit Midas.Investments shoppers to entry the most important liquidity ecosystem in Web3, to maximise the utility of its MIDAS token and to work together with numerous dApps on Ethereum (ETH).

Midas CEO and founder Iakov Levin is worked up by the impact this migration may need on the sustainability and interoperability of his protocol:

Given the energetic improvement of the Ethereum ecosystem — together with the rising variety of decentralized functions and drawing in customers and builders — our staff has determined emigrate MIDAS from Fantom to Ethereum. This migration will open up new alternatives for the continued improvement of the $MIDAS token within the DeFi ecosystem, additional increasing its utility.

As such, Midas.Investments’ core token MIDAS was swapped to the eponymous Ethereum-based ERC-20 asset.

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Cellular utility to go stay in Q1, 2023

Moreover technical developments, the brand new announcement will maximize the rewards of MIDAS token holders as a result of enlarged liquidity influx into its mechanisms.

Following this launch, the staff of Midas.Investments is about to introduce new merchandise beneath its umbrella, together with a decentralized finance protocol (DeFi).

Additionally, MIDAS holders will introduce new methods for CeDeFi swimming pools and have a say in approving new partnerships with Web3 and Web2 initiatives.

In Q1, 2023, the staff of Midas.Investments goes to unveil its personal cellular utility for retail customers.

By This autumn, 2022, Midas.Investments and MIDAS tokens smashed by way of the 7,000-staker milestone. Additionally, its market capitalization is now standing above the $100,000,00 mark. Regardless of markets nonetheless being trapped in a painful recession, the online quantity of funds staked exceeds $70 million in USD equal.

BitcoinMasterNews

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