This integration is a showcase of the platform’s ongoing commitment to creating financial systems infrastructure that anyone can access by ensuring compliance and providing configurable yield products.
This also creates a path for liquid yield tokens (LYTS) to further fuse into the ecosystem of etherlinks, including various use cases. Secured lending, risk transcing, and portfolio management.
Midas’ new collaboration
According to a shared press release cryptopotatoFacility-grade asset tokenization platforms are steadily developing with EtherLink. The focus is to create a secure, transparent and efficient structure that allows investors to access the performance of selected reference strategies through tokenized formats.
After starting Mtbill’s Mbasis, which tracks the Crypto funding rate performance and short-term US Treasury, has introduced two new products: MMEV and MRE7YIELD.
The former follows a yield strategy by digital asset manager MEV Capital, and the latter does the same, but RE7 Capital is an investment company specializing in Defi Hight and Liquid Alpha Strategies.
According to information from Midas, when printing The website, reported total value lock (TVL), is nearly $350 million. However, Defillama’s data draws a different picture. Almost $190 million.
Etherlink as the backbone
The L2 blockchain is built on Tezos smart rollup, with the potential for non-resistant, Ethereum virtual machine (EVM) competition, and offers developers favorable terms in terms of transaction costs and confirmation times.
“Etherlink provides the scalability and complexity needed to fully deliver a structured, compliant strategy in a chain. With MMEV and MRE7YIELD, we are expanding our safe, independent exposure to institutional grade products.” – Dennis Dinkelmeyer, CEO of Midas
David Relkin, head of Defi at Nomadic Labs, the core team behind Tezos, said: essential Steps to bring wholesale finance to a complete chain.
This timing coincides with the notable progress achieved by the blockchain, growing from $1.45 million on March 1 to TVL, which is now over $45 million as of today.
This is just one use case that Etherlink boasts about. It also includes the fluidity and support of the game and cross-chains passing through bridges such as NFTS, layerzero and bifröst. .etherlink domain etc.