The collaboration between Midas and Etherlink strengthens Tezos' DeFi ecosystem, attracting new participants and investors through the launch of new tokens.
Midas and Etherlink Partnership
The strategic partnership between Midas and Etherlink aims to integrate tokenized financial assets into the Tezos ecosystem, drawing attention from institutional investors.
Launch of New Tokens
As part of the collaboration, Midas launches two new tokens—mBASIS and mTBILL—on the Etherlink platform. These products have achieved a total value locked of $11 million. The integration targets both DeFi users and institutional investors interested in on-chain exposure to traditional financial strategies.
Future Prospects for Tezos Ecosystem
Among the immediate outcomes of the partnership is expected increased activity on Etherlink, as well as enhanced staking and liquidity channels involving DeFi protocols like IguanaDEX and Superlend. Further announcements are anticipated, which may alter the DeFi tokenization landscape with efficient and compliant solutions.
The Midas and Etherlink partnership marks a significant step in the development of the Tezos DeFi ecosystem and demonstrates the growing interest in asset tokenization for institutional investors.
