MidasDAO Returns As Midas.Finance

The DeFi concept has spread far and wide in numerous crypto circles. At a time like this, Midas.Finance (formerly known as MidasDAO) has revealed itself as a unique project on the Avalanche Network that follows the pioneering principles of DeFi X. It is based on Protocol Owned Liquidity (POL) and owns most of its liquidity due to the bond mechanism.

Midas is a DeFi protocol that allows you to delve into Play-to-Earn (P2E) gaming, Yield aggregators, Metaverse, its self-owned ecosystem, and a wide range of significant investments options.

Distinctive Features of Midas.Finance DeFi X

• Midas.Finance is a one-of-a-kind automated treasury growth that enjoys a continuous movement of revenues that come from Metaverse, P2E, Yield farming that serves as a perpetual reward for every single holder.
• The rules are simple in Midas.Finance ecosystem. Participants create THRONE Node in return, the team invests and gives back revenues to creators in the form of buybacks. Midas treasury is capable of allocating Node yields for Node token holders.
• THRONE nodes provide holders and other participants with exclusive access to the network’s wide range of DeFi protocols. All the investments are under the management of the Midas team and experienced advisors
• This venture allows passive income generation irrespective of the market conditions. People can start minting nodes despite having a small amount available to them.

Overview of Tokenomics

The core component of the Midas.Finance is a CROWN token. It is also the primary token of the Midas.Finance ecosystem whose staked version is symbolised as sCROWN. When a person ends up staking CROWN, they lock CROWN and get an equal amount of sCROWN tokens in return whose balance goes up every 8 hours automatically. sCROWN is also known as the profit accruing token available in Midas protocol.

THRONE is the wrapped version of CROWN symbolised by wCROWN. Being a wrapped token,THRONE signifies the exact price of the CROWN token along with its rebase. The value of THRONE also keeps increasing with time.

About the unique bond mechanism we mentioned earlier, it is a process of trading a liquidity provider share with the protocol to obtain CROWN. So, bonding is giving up the LP share you hold to get CROWN as compensation for it.

THRONE nodes and Node Tiers

What makes Midas so distinctive is its tradeable yield-bearing NFTs. These are virtual nodes that can be purchased directly from the protocol using THRONE tokens. Holders of THRONE node NFT get the opportunity to indulge in various investment vehicles provided by the Midas team and receive continuous yields.

Once you buy a node, you end up supplying the treasury with THRONE tokens. The ROI is scaled with its tier that is kept proportional to the principle tokens invested in the first place. Available THRONE Nodes tiers are as follows:

• Zeus

150 THRONE, reward rises by 1.7% each day equivalent to 2.55 THRONE

• Athena

100 THRONE, reward rises by 1.3% each day equivalent to 1.3 THRONE

• Ares

50 THRONE, reward rises by 1% each day equivalent to 0.50 THRONE 

• Apollo

10 THRONE, reward rises by 0.85% each day equivalent to 0.085 THRONE

• Hermes

2 THRONE, reward rises by 0.65% each day equivalent to 0.013 THRONE

Factors impacting the final reward calculation are node revenue, token price, number of nodes, protocol revenue, etc. For the project’s long-term sustainability, the yield might decrease and increase at any certain point.

Competitors vs Midas.Finance

To gain an edge in the competitive DeFi protocol space, Midas.Finance has new DApps.developed from scratch by its ambitious team of developers. Introducing nodes as NFTs was a revolutionary effort by the Midas team which ended up putting them on the map.

Upgradeability and tradeability of nodes on NFT marketplaces is another feature that makes Midas stronger than its direct competitors like Univ, Power nodes, Thor, and some others.

Conclusion

Sharing revenue with holders through its buyback and Burn Pools is the main reason for its continuous growth and consistent project development. Their roadmap is focused on creating more utility and demand in the upcoming phases. No other project in the market has these attributes.