Tokenization platform Midas has launched two new structured yield products—mMEV and mRe7YIELD—on Etherlink, Tezos' high-speed Layer 2 solution, following the success of earlier offerings that attracted $11 million in total value locked (TVL). The expansion leverages Etherlink's sub-500 millisecond transaction finality, negligible fees, and decentralized sequencing to address institutional DeFi challenges like latency and compliance.
mMEV provides exposure to MEV Capital's market-neutral arbitrage strategies, while mRe7YIELD tracks Re7 Capital's diversified yield farming. Both are packaged as ERC-20 tokens, enabling self-custodied access via permissionless contracts with institutional risk oversight. Midas CEO Dennis Dinkelmeyer emphasized Etherlink's role in delivering scalability and composability without compromising security, calling it critical for bridging traditional finance with on-chain strategies.
The move builds on Midas' existing Etherlink-based products, mBASIS and mTBILL, which secured the $11 million TVL milestone earlier this year. David Relkin of Nomadic Labs noted these developments mark a step toward bringing wholesale finance fully on-chain, reducing reliance on intermediaries and regional regulatory hurdles.
