Midas Capital To Bring Fuse Pools To BNB Ecosystem
Firstly, Midas Capital To Bring Fuse Pools To BNB Ecosystem. Users can now build custom and isolated lending and borrowing pools to create their own money markets and unlock the full potential of their assets. The BNB chain was one of the top choices for deployment of Midas Capital’s Fuse pools because of the deep liquidity and scalability of the BNB chain, which enabled by cheap and fast transactions. Lending and Borrowing is critical DeFi infrastructure for any ecosystem and the Midas Capital protocol will bring additional value to the ecosystem by enabling the average investor to create or utilize money markets for a wider range of assets.
Bringing Midas Pools To BNB Ecosystem
Whether you’re DeFi user, a DAO, or a Treasury, you can use Midas to earn yield, collateralize, or lend tokens. Through true decentralization, users can create isolated lending and borrowing pools for any group of assets. Pool creators can customize a variety of parameters (interest rate models, collateral factors) without affecting other pools in the market. Once a pool created, users can supply capital, create their own money market for lending and borrowing, and even launch liquidity mining campaigns through Fuse.
As the world goes multi-chain, they also want to give users a chance to build own pools across multiple chains. They need allies that can make the market decentralized for the average investor. Therefore, we are starting with BNB due to its high liquidity, ultra-fast trading, and support for high-performance dApps.
The initial launch will include predetermined pools of several protocols, more information on them will be given in the upcoming announcements.
ERC-4626
From the get-go, users will be able to utilize the new tokenized vault standard — ERC4626! Combined with the Flywheel contract, it allows deposits of the yield-bearing assets (ie. LP tokens, xTokens, etc.) into a Fuse pool and still earn rewards while using the asset as collateral.
About BNB Chain
Firstly, BNB Chain one of the most popular blockchains in the world, dedicates to delivering its core infrastructure necessary for future public adoption, and always remains as a community-first and open-source ecosystem built on a permissionless and decentralized environment.
About Midas Capital
Midas Capital is a new DAO within the Tribe DAO ecosystem, bringing Rari Capital’s Fuse pools to EVM compatible blockchains. Fuse a permissionless money market that allows anyone to create customized and isolated pools for lending and borrowing any asset. Pool creators have the flexibility to modify various parameters (interest rate curves, oracles, collateral factors,) according to their risk appetite.
