Hello everyone, if you’ve followed my other posts, you’ll know that I have been a big fan of Midas Investments and there has been a lot of new changes they’re making that will assuredly impact the way that people invest on the Midas platform and potentially onboard a lot of new people into the Midas ecosystem. I’m going to go into some detail about what the changes are going to be, and the reasons why it makes me more bullish on Midas in general. But first, a recap of what Midas Investments is…

An Introduction to Midas

Similar to other investment platforms, Midas Investments is a crypto-investment platform where you can earn passive income on a wide variety of different cryptocurrencies. But what sets it apart from other platforms? The exchange APY rates. With no lock-up periods, they still continue to offer some of the market’s best native returns (or even significantly higher with their Midas Boost), which are compounded and added daily. In mid-October they announced another rate change update which saw improvements across all the major assets:

For comparison, you can see from their latest September Investment Report that the rates were slightly lower. I highly recommend that you check all of their investments reports if you’re curious as to how Midas is able to generate these returns and how they are able to mitigate risk. I’ve written articles about these reports in the past, and by comparison you can see that the Midas team is constantly analyzing market trends in order to find the highest margins at risk-reduced rates.

As a platform Midas is now going through their 3rd bear market, and they have consistently provided returns that are higher than any non-custodial platform out there. Despite the market crashes over the last few months, Midas has had an exponential level of new capital that has come in, which has ultimately caused them to reformulate and de-risk their strategies again and again in order to provide consistent and stable returns.

Going Mainstream on Ethereum

Apart from their increased rate changes, perhaps the change that I’m most excited about is the $MIDAS tokens’ migration to Ethereum Mainnet. I really don’t think it was necessary to give justifications as to why, but on October 26th they gave a full breakdown comparison for why migrating to Ethereum as opposed to Fantom would be incredibly lucrative, and they announced that this migration would happen in early November 2022.

Personally I think that this move should have done months ago, but I’m incredibly excited as Ethereum and all of its layer 2’s can open up $MIDAS to an insane number of different applications. This leads me to the next change I’m excited about…

$MIDAS token changes

I’ve gone over the $MIDAS token and its tokenomics in the past, but with some added utility changes and given its continued positive price action, my bullish sentiment hasn’t waned:

One of the key utility changes to the $MIDAS token is Midas Investments’ introduction to a boosted tier system which has rolled out as of October 28th. If you’re unfamiliar with boosted tiers, there’s many other platforms like Nexo which allow users to gain increased yields if they have a certain percentage of their portfolio held in their native $NEXO token. Similarly with Midas, users will be able to get an increased yield rate with $MIDAS boost if they have the corresponding percentage of $MIDAS held on the platform:

This new tier system will most likely reduce $MIDAS’ selling pressure drastically as it will will encourage users to not only hold onto more $MIDAS, but to also choose to receive their yield payouts in $MIDAS instead of the native core asset.

Conclusion

I’m in the middle of writing an update to my Best Places to Earn Stablecoins on your Stablecoins, all 10%+APY, without algos, lock-ups, or altcoins article from a couple of months ago, and spoiler alert, I’m sure that Midas is going to be on there. If you haven’t tried out Midas yet but are interested, please consider supporting my blog and using my affiliate link: https://midas.investments?p=0191.

Given the fact that prior to these changes $MIDAS had already been doing extremely well compared to the general crypto-market, I remain even more bullish for Midas’ future once these changes start to take place. For even more positive news, I highly recommend checking out $MIDAS’ newly released whitepaper, where they give an outlined roadmap of what they plan to do with the Midas ecosystem all the way into Q3 2023.

Thanks for taking the time to read this and be sure to follow me on twitter (https://twitter.com/CryptosWith) to get all of my latest analyses and updates.

Disclaimer: And as a final reminder, this is not financial advice and this is for educational and entertainment purposes only. Please as always, do your own research and find what investments are best for you. Cheers everyone!