# About Midas

Midas is a platform for composable onchain investment products. It enables strategy managers to turn institutional strategies into tokens that offer investors full transparency, instant redemptions, and native composability across DeFi.

#### Midas Products

Midas products (mTokens) are financial instruments that are issued with clearly defined investor rights, onchain transparency, and robust operational controls. They are not stablecoins or DeFi vaults. Each mToken tracks an underlying reference portfolio managed by appointed strategy managers, such as BlackRock, Hyperithm and Edge Capital, with ongoing oversight of risk parameters and performance. Its value, expressed as a Net Asset Value (NAV),  fluctuates in line with the performance of this reference portfolio, which can increase or decrease in value. 

Midas products are designed around three principles:

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#### Liquidity

Midas' Open Liquidity Architecture solves one of the biggest challenges for tokenised assets: instant liquidity without compromise. MSL (Midas Staked Liquidity) sits at the core of this architecture, delivering atomic redemptions with no cash drag, no settlement risk, and no third-party dependency. Learn more about the [Open Liqudity Architecture](/liquidity-and-composability/open-liquidity-architecture.md) and [MSL](/liquidity-and-composability/midas-staked-liquidity-msl.md).
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#### **Transparency**

Midas' Attestation Engine provides continuous, verifiable onchain reporting for every mToken, covering holdings, NAV, and performance. All data is published regularly onchain, giving investors and protocols full visibility into underlying assets at any time. Learn more about [Midas’ Attestation Engine](/transparency/the-midas-attestation-engine.md).
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#### **Composability**

mTokens are natively compatible with DeFi protocols, usable as collateral on lending markets, in liquidity pools, and across onchain strategies.
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#### The Midas Ecosystem

Midas sits at the centre of onchain financial markets, connecting institutional strategy managers, DeFi protocols, and investors by providing access to onchain investment products.

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