Midas mTBILL

MTBILL Price

About Midas mTBILL (mtbill)

Midas mTBILL is a permissionless, yield-bearing token designed to provide investors with on-chain exposure to the performance of short-dated US Treasury Bills.

• Institutional Grade Exposure: Tracks a reference portfolio of US Treasury Bills managed by institutional strategy managers like BlackRock.
• Atomic Liquidity: Utilizes an Open Liquidity Architecture and Midas Staked Liquidity (MSL) to enable instant redemptions without yield dilution.
• DeFi Native Composability: Functions as a natively composable asset that can be used as collateral or for yield strategies across multiple decentralized finance protocols.

What Is Midas mTBILL

Midas mTBILL is a tokenized investment product that brings the yield and stability of US government debt to the blockchain. Unlike traditional stablecoins, it is a yield-bearing instrument where the value is expressed as a Net Asset Value (NAV) that fluctuates based on the performance of the underlying reference portfolio.

Value moves through the system by tracking the interest and price changes of short-dated US Treasury Bills. The token is "put to work" within the Midas ecosystem by allowing strategy managers to tokenize institutional strategies, which investors can then hold to earn yield. As the ecosystem grows, Midas aims to scale by expanding its liquidity architecture and integrating with a wider range of DeFi protocols, increasing the utility and demand for mTokens.

What Makes Midas mTBILL Unique

• Permissionless Access: Offers institutional-style treasury exposure in a permissionless format, lowering the barrier to entry for on-chain investors.
• Open Liquidity Architecture: Solves the liquidity challenge for Real World Assets by providing instant redemption capacity without the need for high cash reserves that would otherwise drag down yield.
• Attestation Engine: Provides continuous, verifiable on-chain reporting for holdings and performance, ensuring high levels of transparency compared to traditional off-chain investment vehicles.

What Can You Use Midas mTBILL for?

Midas mTBILL is pegged to US Treasury Bills. Its use cases are defined by its role as a digital representation of sovereign debt:

1. Value retention: The asset allows users to hold a digital, on-chain representation of US Treasury Bills, which may reduce exposure to broader crypto-market volatility by providing a stable, dollar-denominated store of value.
2. Yield generation: Users can earn yield derived from the interest payments of the underlying US Treasury Bills. The source mentions that yield is generated through the performance of the reference portfolio managed by institutional managers like BlackRock.
3. Cross-border settlement / value transfer: It provides a mechanism for the international transfer of US Treasury Bill value, enabling global trade and remittances with the efficiency of blockchain technology.
4. Collateralization: Midas mTBILL is designed for use as collateral within borrowing and lending protocols. It is integrated with platforms like Morpho and Euler, allowing users to leverage their treasury holdings for further on-chain strategies.

How Does Midas mTBILL Work?

Midas mTBILL operates through a legal and technical framework that tokenizes interest-bearing assets. When an investor acquires mTBILL, the underlying funds are used to purchase short-dated US Treasury Bills, which are held by regulated custodians. The token itself is a smart-contract-based representation of a claim on this portfolio.

The system uses an Attestation Engine to regularly publish portfolio data on-chain. To ensure liquidity, Midas employs Midas Staked Liquidity (MSL), which enables atomic redemptions. As an application utility token, users may incur protocol service fees when interacting with the Midas platform or specific DeFi integrations, rather than network gas fees which are paid in the native asset of the host blockchain.

Team Info and Investors

Midas is supported by a range of institutional strategy managers including BlackRock, Hyperithm, and Edge Capital, who oversee the risk parameters and performance of the underlying portfolios. The project has received backing from prominent venture capital firms and strategic partners such as Framework Ventures, Coinbase Ventures, and Ledger. Governance is handled through institutional oversight and risk management frameworks described in the project's documentation.

Where can you buy Midas mTBILL?

MTBILL tokens have stopped trading 10 days ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Midas mTBILL (MTBILL)?

The trading volume of Midas mTBILL (MTBILL) is $1.20 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Midas mTBILL (MTBILL)?

Midas mTBILL (MTBILL) reached an all-time high of $1.06 and an all-time low of $0.9370. It’s now trading 0.00% below that peak and 13.60% above its lowest price.

What is the market cap of Midas mTBILL (MTBILL)?

Market capitalization of Midas mTBILL (MTBILL) is $53,970,398 and is ranked #417 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MTBILL tokens (51 Million tokens are tradable on the market today).

What is the fully diluted valuation of Midas mTBILL (MTBILL)?

The fully diluted valuation (FDV) of Midas mTBILL (MTBILL) is $53,970,398. This is a statistical representation of the maximum market cap, assuming total number of 51 Million ETH tokens are in circulation today.

How does the price performance of Midas mTBILL compare against its peers?

With a price increase of 0.10% in the last 7 days, Midas mTBILL (MTBILL) is outperforming the global cryptocurrency market which is down -2.20%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Midas mTBILL (MTBILL) to MetaMask?

Adding Midas mTBILL (MTBILL) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MTBILL as a token. You can copy MTBILL’s contract address (0xdd629e5241cbc5919847783e6c96b2de4754e438) and import it manually, or if you've installed MetaMask's chrome extension, add MTBILL to MetaMask with one click on CoinGecko.

Add MTBILL to MetaMask.