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Midas App
Information by Research TrustFinance
Midas Investments was a platform founded in 2018 that provided retail investors with access to automated crypto-investment strategies. Its primary service involved users depositing cryptocurrencies like Bitcoin, Ethereum, and various stablecoins, which Midas would then deploy into DeFi protocols and other investment vehicles to generate yields. The company's mission was to simplify passive income generation from digital assets. However, following significant financial losses incurred from the collapses of Celsius and FTX in 2022, the company announced the closure of its platform on December 27, 2022, and initiated a plan to restructure and compensate its users.
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