Convert Midas mBASIS MBASIS to Resupply USD REUSD

At Midas, we believe investing should be as open, accessible, and transparent as the internet itself. Our mission is to pioneer internet native investing, bringing investment-grade assets to the open web. By leveraging blockchain technology, we remove the traditional barriers that have long restricted access to high-quality financial products, making them available to everyone. Midas is built for the decentralized future, where secure and compliant investment opportunities are available with just a click—open, permissionless, and built for the web.

A decentralized stablecoin backed by Collateralized Debt Positions (CDP), leveraging the liquidity and stability of lending markets. The Resupply stablecoin is backed by other stablecoins that are earning interest on other lending markets. Designed to maximize yield returns by having the borrow rate always be half the lending rate being earned, half the risk-free rate, or two percent, whichever is greater. Emissions are designed for long-term sustainability by directing at three groups: the insurance pool, voting incentives, and directly at borrowers. The revenue that borrowers generate will directly correlate with the emissions directed towards them. The more revenue a borrower generates for Resupply, the greater the share of emissions it will receive. Targeted platforms for launch are Curve Lend and Fraxlend.