Midas Capital Partners With Transfero. The BNB ecosystem at Midas Capital is expanding with the launch of the Transfero Stables pool. The pool will enable users to borrow BRZ, a stablecoin pegged to the Brazilian Real. With this pool, users can collateralize and borrow blue chip crypto assets such as BTC, ETH, and BNB with BRZ and enable various strategies.
This will be the first DeFi money market enabling users to borrow and collateralize a Brazilian Real stablecoin. For users who want to operate with the Brazilian Real as their base currency, they can now do so without needing to consider FX swap rates between the Brazilian Real and USD.
About the pool
Initial pool structure:
Collateral: BTC (70% LTV), ETH (70% LTV), 3BRL (80% LTV), MAI (70% LTV), BRZ (70% LTV), WBNB (70% LTV)
Borrowable: BRZ, BTC, ETH, MAI, WBNB
Access The Pool
Pushing Down Borders With BRZ
The BRZ token, which was the first stablecoin in the world to be pegged to the Brazilian real, is empowering Brazilian users to be a part of the crypto ecosystem through their native currency. This allows users to operate directly in Brazilian Real without needing to consider Brazilian Real and USD price movements. The BRZ token is built-up on top of Ethereum, Solana, BNB Chain, Polygon, and many more chains, offering an unparalleled opportunity for a multi-chain ecosystem.
With the Midas pool, Brazilian users will be able to borrow their native currency against their blue chip assets, such as BTC, ETH, and BNB, or collateralize their native currency against these blue chip assets. The pool on BNB may just be the beginning of Transfero’s partnership with Midas, and in the future, we may see a multi-chain ecosystem with many other local markets available for users to borrow and earn yield with.
About Transfero
Specializing in offering financial solutions using Blockchain technology, Transfero was created with the aim of facilitating the entry of investors into this new global financial system. In addition to offering resource management services, purchase/sale of cryptos, and payment processing, among others, Transfero also contributes to the popularization of crypto assets through a free online financial education platform. The platform has a global presence, with specialized partnerships to transform the crypto market in Latin America.
About Midas Capital
Midas Capital bringing isolated and customizable money markets to EVM-compatible blockchains. Enabling users, DAOs, & protocols to create customized and isolated pools for lending and borrowing any asset. The Midas is building a cross-chain ecosystem that democratizes money markets. Pool creators have the flexibility to modify pool parameters according to their risk appetite. With isolated pools, Midas offers stellar features for large-scale institutions, protocols, and traditional investors.
