Midas.Investments Switches To Ethereum To Bolster Its Offerings
According to an official update, Midas.Investments, one of the topmost CeDeFi platforms has recently finished a migration process for its token’s ($MIDAS) infrastructural domicile from Fantom to the Ethereum blockchain. This cardinal decision is a move in the direction of improvement, as it aims to spike Midas’ number of users and, consequently, the token’s TVL (Total Value Locked).
Midas.Investments combines both CeFi and DeFi to solve various crypto investment problems. As a growing company, the persistent crypto turbulence spurred it to improve its products and dynamics, thus resulting in its decision to migrate to the Ethereum blockchain.
Five Main Features To Watch After The Migration To Ethereum
After the switch is completed, Midas users will get access to both new and upgraded offerings that include Staking, Midas Boost Tiers, Payout Split, Liquidity, and Governance: a combo of various investor-friendly improvements.
Staking: This gives MIDAS token holders the ability to earn 27.4% APY on their $MIDAS when staked directly on Midas’ platform. Soon, Midas Investment will launch a decentralized app where users will be able to stake $MIDAS directly with a smart contract.
Midas Boost Tiers: A five-level system of Base, Bronze, Silver, Gold, and Diamond, which gives continuous greater opportunities for users to boost APYs. Diamond Boost = 30% increase to APR.
MIDAS Payout Split: A never-seen-before — an amount equal to 10% of total platform payouts is used for $MIDAS buybacks from the open market. Since the launch of Payout Split, 155,000+ $MIDAS tokens have been repurchased by Midas.
Liquidity Management: Midas plans to follow the DeFi bribe strategy using other DEXs’ or protocols governance tokens to increase the APY of
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