The common problem of AMM DEXes currently is their sub-optimal use of funds. Most assets are mainly reserved for liquidity pools, without earning meaningful returns. This is just like a bank having all of its assets lying idle without earning any interest.
Midas team has been working on an AMM DEX that aims to solve this problem. This DEX will reserve a sufficient portion of liquidity for swapping needs of all users. The remaining shall be allocated to Midas Vault to generate yield from optimal investment strategies on the Binance Smart Chain DeFi ecosystem.
MiDEX shall use MDS as the governance token.
More details on MiDEX shall be announced soon.
Last modified 8mo ago
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