Tokenized Assets Arrive on Tezos L2 as Midas Joins Etherlink
2025-07-16 12:19:31
Main Idea
Etherlink's ecosystem is expanding with new Liquid Yield Token (LYT) products, mMEV and mRe7YIELD, as part of its institutional-grade asset tokenization platform, while discrepancies in reported Total Value Locked (TVL) data exist.
Key Points
1. Etherlink has introduced two new products: mMEV, following a yield strategy by MEV Capital, and mRe7YIELD, tracking short-term US Treasuries.
2. Reported Total Value Locked (TVL) is close to $350 million, but DefiLlama data shows nearly $190 million.
3. Etherlink is a non-custodial, EVM-compatible L2 blockchain built on Tezos Smart Rollups, designed for scalability and composability.
4. Dennis Dinkelmeyer, CEO at Midas, highlights Etherlink's role in providing secure, self-custodied exposure to institutional-grade products.
5. Etherlink's TVL has grown significantly from $1.45 million on March 1st to over $45 million, with features like gaming & NFTs, cross-chain liquidity, and .etherlink domains.
Description
The integration is a showcase of the platform’s ongoing commitment to creating infrastructure for financial systems that anyone can access, by ensuring compliance and offering composable yield products. This also creates a path for further fusions of Liquid Yield Tokens (LYTs) into Etherlink’s ecosystem, offering various use cases that include collateralized lending, risk tranching, and portfolio management. Midas’ New Collaboration According to a press release shared with CryptoPotato , the ins...
Latest News
- Ripple’s XRP Failed in January: Can It Succeed in July?2025-07-17 11:04:36
- Ethereum Hits 152M Active Wallets, Gains 50% in 4 Weeks2025-07-17 10:27:19
- Shiba Inu (SHIB) Spikes 15% Weekly – So Why Are Most Holders Still Losing?2025-07-17 10:26:45
- TRX Gears Up for Breakout as Tron Inc. Goes Public—Is $0.32 the Launch Point?2025-07-17 08:50:23
- XRP Comes 7% Away From New ATH, BTC Price Stopped at $120K: Market Watch2025-07-17 08:31:57