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Forex Markets & Non-US Centric DeFi

Since Midas enables pool creators to set up custom and isolated money markets with a variety of supported assets, the platform can have multiple Forex markets running simultaneously across multiple chains.
Therefore, the pools enable users to:
  • Collateralize Blue Chip Assets For Native Currencies: These pools allow users to utilise their blue chip assets, such as wBTC, wETH, BNB, MATIC, and many others, to borrow their native currencies without selling their original assets.
      • Chain: Polygon
      • Supported Assets: WMATIC, WBTC, WETH, jAUD, jCAD, jCHF, jCHY, jEUR, jGBP, jJPY, jKRW, jMXN, jNZD, jPHP, jPLN, jSEK, jSGD, MAI, 2EUR (PAR) LP, 2EUR (EURT) LP, 2JPY LP, 2NZD LP, agEURjEUR LP, jCAD+CADC LP, jSGD+XSGD LP, am3CRV
  • Explore Non-USD Markets: Users can also explore other markets without reliance on USD-based tokens. This also creates an inclusive ecosystem where users can deposit their non-USD tokens as well and borrow other key assets without taking the USD stablecoin route.
  • Enable Forex Trading: Midas pools enable seamless on-chain Forex trading with a variety of assets. In our jFIAT pool on Polygon, for example, users can easily get exposure to a variety of currencies, including EUR, GBP, CNY, CHF, and MXN.
Currently, Midas supports the following Forex Markets:
    • Chain: BNB Chain
    • Supported Assets: 2BRL LP, BUSD, WBNB, ETH, jBRL, jCHF, jCHF-BUSD, BTCB, jEUR
  • Mimo Par
    • Chain: Polygon
    • Supported Assets: PAR,USDC, MIMO, FRAX, WMATIC, DAI, MIMO80-PAR20 BLP, G-UNI USDC-PAR Vault, jEUR-PAR