Founded in 2018, Midas Investments aimed to simplify passive income generation from cryptocurrencies for both novice and experienced investors. The platform offered various automated, yield-generating investment strategies and portfolios by utilizing decentralized finance (DeFi) protocols and staking. However, in December 2022, the company announced the closure of its platform, citing a significant balance sheet deficit of over $50 million (63.3% of assets under management) incurred from the collapses of FTX and Celsius earlier that year. The company's team has since stated they are pivoting to a new project focused on decentralized asset management.

Founded in

United States