Everstake and Midas announced the launch of mEVUSD, a USDC-denominated tokenized investment strategy developed with Apollo Crypto. The product is designed for institutional clients in the European Union and selected jurisdictions and aims to provide regulated access to onchain yields.
Everstake, a global provider of non-custodial staking and yield infrastructure, provides the technology layer for the strategy. Midas, a platform for on-chain tokenized investment products, provides the issuance environment and regulatory framework. Apollo Crypto, a digital asset investment firm specializing in DeFi strategies, manages the portfolio and monitors risks.
mEVUSD converts inactive stablecoin balances into a structured return strategy. The system integrates Everstake’s software tools with controlled smart contracts from Midas, giving wallets and administrators access to the strategy through a simple API. Apollo Crypto manages positions in the major DeFi protocols including Aave, Morpho and Pendle, with a focus on over-collateralized lending and basic trading.
The product is only available to institutional clients and excludes users from the United States, United Kingdom, Canada, China, Australia, Iran and other sanctioned jurisdictions.
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