Despite recent volatility in ETH prices, mBASIS has been unaffected. As a fully hedged delta-neutral strategy, assets are protected against price movements.
Today, we processed $550K in redemptions as the protocol operates as expected. Instant liquidity remains at $2.2M and is rebalanced daily.
Full transparency on instant redemptions is always available at midas.app/mbasis
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❗️ Disclaimer: Midas-issued tokens are not available to US & UK persons and entities, or those from sanctioned jurisdictions. Past performance is no indicator of future returns.
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