Midas.Investments is happy to announce a partnership with Coffin Finance, a fully decentralized, capital-efficient, partially collateralized stablecoin protocol on the Fantom Opera Network.
We look forward to working closely with the Coffin Finance team to bring additional liquidity to the Fantom Opera Network and contribute to the Fantom Blockchain and Fantom Opera community. During the initial phase, Midas will provide liquidity depth to Coffin Finance’s trading pairs (COFFIN/FTM and CoUSD/USDC) to bootstrap its economy and create a flourishing market.
Additionally, Midas will run a marketing campaign on behalf of Coffin Finance to boost its initial liquidity after the protocol relaunch. The partnership will result in several joint marketing activities, further contributing to the development of the Fantom Blockchain while increasing its utility.
The partnership with Coffin Finance is one of the various investment strategies being employed to diversify our holdings among diverse instruments and DeFi protocols. This specific partnership is aimed at holding a material portion of governance tokens COFFIN, giving Midas a voice in the future of the protocol’s development. Midas continues to evaluate investment opportunities with high-growth potential in their pre-launch stage.
About Midas.Investments
Midas.Investments is a custodial crypto-investment platform with the mission to provide passive income streams to its users. The platform generates yield through hedged strategies utilizing multiple investment instruments such as lending and borrowing, hedged token farming, DeFi yield vaults, and concentrated liquidity provider on Uniswap V3.
Midas.Investments intends to become a gateway between centralized and decentralized finance while also providing DeFi market exposure to investors and users.
