Midas presents the Proof of Liquidity, revealing addresses for $91 mil AUM (out of $145 mil) and the decomposition across other parts of portfolio
by Iakov «Trevor» Levin,
CEO of Midas.InvestmentsThis is the most important announcement I made this year.
Three months ago Midas launched the first-in-industry investment reports that would reveal the major part of our portfolio and yield generation. And now we understand that the market demands the next level of transparency as we approach the platform audit.
Today we are revealing the proof of liquidity, which is the list of addresses for Midas’ DeFi public portfolio. It states every strategy that we included in the investment report in the previous month.
Every position in this report is fully liquid and can be used as the source for withdrawals. And this is the reason why we never had issues with withdrawals in the last 8 months. Other positions in our portfolio are fully liquid as well and do not use leverage or lending to negate any bank-run scenario.
Midas team spent a lot of hours discussing what we can reveal to be protected from the operational side and investment alpha side. Therefore, we are not revealing our alpha DeFi positions, trading desk (which is located mostly in Bybit and Deribit) and operational wallets.
Midas team is targeting 3rd party audit by the end of the year to verify the remaining assets without exposing our wallets to additional systematic risks.
Please, note that the addresses’ snapshot is made on the 15th of November and due to our regular portfolio optimization we might change either strategies or addresses.
In the future, our goal with transparency is to set the industry standards for building accessible efficient investment products that are fully transparent. We want you to know the yield sources and want to democratize all the incredible opportunities of DeFi and crypto overall across the world.
This is the link for our proof of liquidity: https://wiki.midas.investments/resources/proof-of-liquidity
