🔄Atomic Redemption

Atomic liquidity for DeFi integrations.

Atomic redemptions

Token	Redemption (Target)	Capacity (live)
mTBILL	50%	Link
mBASIS	10%	Link
mBTC	10%	Link
mEdge	10%	Link
mMEV	10%	Link

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

Token	Atomic Redemption	2 Days	7 Days
mTBILL	50%	100%	100%
mBASIS	10%	50%	100%
mBTC	10%	50%	100%
mEdge	10%	50%	100%
mMEV	10%	50%	100%