Midas
1.3K posts

Midas
@MidasRWA
The Standard for Onchain Investment Products. Full transparency. Instant redemptions. Native composability. Backed by @rre @creandum @hiFramework @cbventures







As an additional precautionary step, Midas is temporarily pausing LayerZero OFT bridging while the root cause of the KelpDAO / rsETH incident is identified. We will continue to provide updates through our official channels.







Tokenisation solved issuance. Distribution is next, across a $400T+ asset market. What does the route to adoption look like? Our next webinar explains all. April 21 4pm CEST @DeanKD_, @RWA_xyz @DennisMidas, @MidasRWA With @AllBusinessPump @0xbenharvey x.com/i/broadcasts/1…

Midas has started to progressively re-enable standard minting and redemptions across all mTokens. We expect all issuance and redemptions to resume by end of day, in line with standard operations, pending communication from Aave and KelpDAO. Yesterday at 10:15 PM CET, all mToken minting and redemptions were halted as a precautionary measure in response to the rsETH incident. This follows our standard response protocol to protect user interests during periods of market disruption. We will continue to monitor the situation and share updates through our official channels.

As an additional precautionary step, Midas is temporarily pausing LayerZero OFT bridging while the root cause of the KelpDAO / rsETH incident is identified. We will continue to provide updates through our official channels.

As a precautionary measure in response to the ongoing KelpDAO / rsETH incident, Midas has paused all mToken minting and redemptions. Midas smart contracts are unaffected. We are monitoring the situation and will share updates on our official channels as they develop.











