🌟Introduction to mBASIS
Midas Basis Trading Token (mBASIS) is a permissionless yield-bearing token tracking a delta-neutral basis trading strategy.
mBASIS Design
The mBASIS token represents exposure to a bankruptcy-protected vehicle, investing stablecoins into an SPC that executes a delta-neutral basis trading strategy. A top-tier asset manager executes the strategy.
Holders of mBASIS accumulate value from the interest earned while enjoying the full suite of DeFi platforms, services, and strategies via a permissionless ERC-20 token.
The strategy takes advantage of profitable crypto basis positions during bull cycles when markets are in contango. The mBASIS token differentiates itself through its actively managed approach that dynamically allocates basis positions in the major large-caps (BTC & ETH), while also incorporating yield from the top 20 altcoins. This meaningfully enhances the return profile, with market-neutral returns between 20% and 40% observed in past bull cycles. During declining markets, the strategy adjusts to reverse basis trading, taking advantage of backwardation of the yield curve, or allocates into US T-Bills via Midas’s core product, mTBILL.
mBASIS Features
Institutional Grade
Institutional Asset Managers. Midas selected a top-tier asset manager for mBASIS: a leading global alternative investment management platform specializing in digital assets. They have deep expertise in crypto markets and deliver institutional-grade governance, controls, and risk management to mBASIS.
Licensed Asset Managers execute the strategy and fiduciary duties agreements, which always require them to act in your best interest.
Bankruptcy Protection. Your investment is held within a Special Purpose Company (SPC). This means that the asset manager does not own your assets, and your investment is protected in the unlikely event of a default from the asset manager or Midas.
Transparent and verified reporting. The investment portfolio and the mBASIS growth evolution are available and updated weekly on Midas’ website. A regulated and independent fund administrator shares daily reports to guarantee the validity of this data.
Daily Subscription and Redemptions. Investors can purchase mBASIS daily by transferring USDC, with tokens typically delivered within 5 business days. Redemptions are also processed daily, with USDC returned within 30 days. Redemptions will be progressively processed faster.
Market Agnostic Design. While basis trading typically performs well in bull markets due to positive funding rates, mBASIS's unique design allows it to adapt to bear markets by reversing the position or trading into complementary investment options such as mTBILL, a permissionless token tracking short-dated US Treasuries. This adaptability ensures that it remains attractive under varying market conditions.
DeFi Composability
Non-custodial permissionless ERC-20 token. You can view and hold mBASIS in your wallet, use it as collateral, or freely transfer it.
Weekly auto-compounding. No need to claim your yield: the price of mBASIS is adjusted weekly to reflect your earned interests. Those interests are reinvested automatically. This means you can use mBASIS as collateral without renouncing its native yield.
Availability. mBASIS is available on the Ethereum network to any eligible investor.
Regulatory Compliant
The mBASIS token fully complies with European securities regulations.
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