Atomic Redemption
Atomic liquidity for DeFi integrations.
Atomic redemptions
mTBILL
50%
mBASIS
10%
mBTC
10%
mEdge
10%
mMEV
10%
Shared Redemption Capacity
Across all tokens, Midas has implemented shared liquidity pool for atomic redemptions. This novel approach allows for capital efficient redemption across all Liquid Yield Tokens (LYT), which unlocks DeFi use-cases that otherwise would require expensive subsidies to achieve liquidity pool in Dexes.
The instant redemption facility is constantly updated to maintain the liquidity for the lending market. For example, if a user redeems $1mn from the instant liquidity contract, the facility will be updated to top-up this proportion from the asset reserve (i.e. move $1mn additional in liquidity).
Detailed Liquidity Profile
The liquidity composition targeted by each token can be viewed below. Live values are accessible on https://midas.app/transparency
mTBILL
50%
100%
100%
mBASIS
10%
50%
100%
mBTC
10%
50%
100%
mEdge
10%
50%
100%
mMEV
10%
50%
100%
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