Midas msyrupUSDp
Midas msyrupUSDp USD is a pre-deposit vault that enables users to participate early in Midas’s msyrupUSDp strategy on the upcoming Plasma blockchain. The vault is structured to reflect the reference yield generated when msyrupUSDp is used as collateral in Plasma’s institutional credit markets, enabling participants to gain relevant exposure before mainnet launch. Rewards are distributed via a Merkle distribution, of which XPL in TGE date; drip rewards are distributed in the form of msyrupUSDp and realized at the end of each drip season. This design allows eligible users to participate early, benefit from composability once the Plasma ecosystem goes live, and receive incentives supporting the adoption of msyrupUSDp as core stablecoin collateral.
Overview
Midas msyrupUSDp USD is a pre-deposit vault that enables users to participate early in Midas’s msyrupUSDp strategy on the upcoming Plasma blockchain. The vault is structured to reflect the reference yield generated when msyrupUSDp is used as collateral in Plasma’s institutional credit markets, enabling participants to gain relevant exposure before mainnet launch. Rewards are distributed via a Merkle distribution, of which XPL in TGE date; drip rewards are distributed in the form of msyrupUSDp and realized at the end of each drip season. This design allows eligible users to participate early, benefit from composability once the Plasma ecosystem goes live, and receive incentives supporting the adoption of msyrupUSDp as core stablecoin collateral.
- Ecosystem
- Ethereum
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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