One of the first dApps, designed from the ground up for cross-chain, Midas Capital is teaming up with cross-chain leaders in the field to create a native cross-chain application that will connect EVM chains through Fuse pools.
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How does Midas Capital work?
Midas Capital provides money markets for everyone, as well as lending and borrowing pools for any asset. Create your own lending and borrowing pools for any group of assets that are isolated from other pools and assets within the protocol. Use any asset as collateral and optimize the capital efficiency of your assets.
Terms of use:
| 1. | Users can connect their wallets by selecting the “Connect wallet” button. MetaMask and WalletConnect are suitable for us. |
| 2. | Once connected, users will see "Supply balance" and "Loan balance". After you select a pool that matches your asset and options selection, you will see a screen with two sides: "Offer" and "Loan". |
| 3. | Select the asset you want to bet. Enable permissions for the Fuse protocol to interact with your asset by confirming the transaction. |
| 4. | On the main dashboard, you will see that the Supply Balance is filled with the equivalent (in dollars) of your newly delivered asset. |
Fuse allows any user to create their own lending/borrowing pool with any crypto token that oracle has, backed by Midas Capital (Chainlink, Sushiswap). It is important to note that any token can be listed in Pancakeswap/Sushiswap, which can then be used in the pool.
The Midas Capital portal displays "Verified" and "Unverified" pools. "Proven" pools have been proposed to management and approved by the community.
Getting started with BNB
The developers have integrated the BNB chain into the Midas ecosystem and have taken the first step in building a multi-chain ecosystem. The high liquidity and scalability of the BNB network made it an ideal choice for Midas' first ecosystem ally. Users, DAOs, and protocols can use Midas to generate income, secure or provide their favorite tokens in the ecosystem.
Members of the Midas core team recently participated in an AMA with Risedle, a decentralized leveraged token market protocol. Members of both teams answered community questions about the Fuse Leveraged token. The Risedle Protocol will soon launch a token, using Fuse on the BNB chain, to be built on top of a pool at Midas Capital.