Midas Launches mBTC Offering 4% Yield on Bitcoin Holdings

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Midas Launches mBTC Offering 4% Yield on Bitcoin Holdings In a significant development within the decentralized finance (DeFi) landscape, Midas, a prominent tokenization protocol, has unveiled its latest product: mBTC.

According to The Block, mBTC is a wrapped Bitcoin offering that provides a 4% yield on Bitcoin-denominated assets.

By creating wrapped versions of Bitcoin that can interact with DeFi protocols, Midas is facilitating the integration of Bitcoin into more complex financial instruments and strategies, promoting greater adoption and utility.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaUnited States

Topics: Midas Mbtc Users Holders Opportunities Regulatory Yield Bitcoin Defi Ecosystem Assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 12:18:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 935 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23223963

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About BitcoinWorld

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