Follow the smart money.
【@MidasRWA Yield Series｜Part 2】
💰 mMEV Yield Strategy (1): fxSAVE
What is $mMEV?
A yield-generating token issued by Midas, utilizing a dynamically managed strategy carefully crafted by @MEVCapital. Actively allocates collateral between DeFi protocols to achieve the highest yields and other incentive opportunities.
TLDR: Wealth management for clients, helping you find safe mining opportunities and potential points projects.
Borrowing the format from @yourquantguy, I have also organized a Google Sheet for the mMEV strategy to help everyone quickly grasp the operational logic of MEV Capital 👇
📊 Google Sheets link:
Recently, mMEV deployed approximately $7.7 million into fxSAVE.
The following text begins.
@protocol_fx Project Introduction:
1. A decentralized perpetual trading platform offering up to 7x leverage for BTC/ETH.
2. Special opening mechanism: 0 funding rate, only charges 0.1% opening/closing fee.
3. If LTV > 88%, the system automatically "rebalances" to reduce positions to a safe range (charges 2.5% fee).
📽 For detailed opening/closing lightning loan operations, please watch the explanation by @22333D:
🛡 fxUSD stability pool (fxSP):
1. $fxUSD is a decentralized stablecoin fully collateralized by stETH + WBTC.
Underlying asset public addresses: 0xfd3a6540e21d0e285f88fbfd904883b23e08f5c8
0x250893ca4ba5d05626c785e8da758026928fcd24
2. fxSP can earn:
✅ stETH interest
✅ F(x) leverage trading platform transaction fee dividends
✅ @aave USDC deposit earnings
💎 fxSAVE
1. fxSAVE = an auto-compounding version of the fxUSD stability pool.
2. Can perform circular loans at @MorphoLabs; previously, mMEV had done this but exited.
🔐 Code Audit:
Conducted 12 audits - 100% of the deployed code has been audited.
Audit report:
🧐 Currently, fxSAVE APY is 10.09%. Is there a chance to further increase yields?
The shorting feature is about to launch; if going long can yield 10% APY, then adding shorting profits in the future, APY⬆️⬆️ is not impossible 😁
(NFA, DYOR)
Tagging some good friends supporting @protocol_fx & @MidasRWA:
@xivankon
@taowang1
@ViNc2453
@hzl123331
@pendle_grandma
@ChrisYagao
@KazumaxCrypto
@Wiggin_Han
@RIFF404
@jimcurrywang
@ChesterLin16
@Cwish_CS
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