Midas Capital brings isolated and customizable money markets to EVM compatible blockchains. By enabling users, DAOs and protocols to create individual and isolated pools to lend and borrow any asset, Midas is creating a cross-chain ecosystem that democratizes money markets.
The work of Midas Capital
The creators of the Midas Capital pool can change the pool parameters (interest rate curves, oracles, collateral factors, pool fees, etc.), according to their risk appetite. With isolated pools, Midas offers great opportunities for large organizations, protocols and traditional investors.
The main elements of the system:
| Midas Capital Protocol | a DeFi protocol, built by using smart contracts and running autonomously on EVM-compatible blockchains to use crypto assets to create and implement revenue generating strategies. |
| Midas Capital portal | a web application that provides easy-to-use tools for interacting with the decentralized protocol. This interface is one of many ways to interact with smart contracts. |
| Infrastructure team | the founding team of MidasCapital, which will lead the protocol to full decentralization. |
| Midas DAO management | a governance structure that will govern Midas Capital through the “M” token. |
Midas SDK - an off-chain toolkit for interacting with the Midas protocol, allowing developers to easily integrate permissionless pools into their own applications.
As an interface to a cross-chain protocol, MidasSdk is configured to run seamlessly across all chains and allows developers to analyze the available infrastructure of each chain as well as deployed contracts on that chain. These values are available directly through the generated SDK for the selected chain with which the SDK is instantiated.
What is "liquidation"?
Position liquidation is a key aspect of any borrowing and lending protocol. The team offers features for getting potential liquidations as well as for actually running liquidations.
Although their own bots are launched to ensure smooth liquidations, users are also interested in the same, so that each liquidation is a good source of profit. The source code of the liquidation bots is completely open source and uses the SDK to a large extent. Users can pay and run their own bots.