Midas Investments: Achieving financial freedom via passive income using Centralized Decentralized…


Like many others, I first discovered the world of crypto during the height of the COVID-19 pandemic. Throughout that summer of 2020, I found myself diving deeper and deeper into the crypto rabbit hole. Countless blog posts, YouTube videos, and podcasts began to flourish and tell tales of a trustless revolution powered by the blockchain. At the time, many crypto veterans had already experienced one or more bear markets, and so there was cautious optimism in the content being churned out, however, one thing was clear, there was momentum building outside of the speculative nature of this burgeoning technology.

I was excited not only by the intrinsic nature of cryptography but also by the various applications that could be built on a trustless blockchain infrastructure. There were rumblings of various types of such applications, however, DeFi summer was upon us in the summer of 2020, and this sparked the next wave of excitement in the crypto space. I did as much research as I could in a weekend to understand the basic inner workings of DeFi and bought BTC and ETH to immerse myself and get some skin in the game. I spent quite a bit of time evaluating various crypto exchanges, both centralized and decentralized, but quickly realized that my time would be better spent assessing platforms that generated yield on your crypto passively. The possibility that one could generate passive income, much like a savings account at a bank, albeit at rates significantly higher than the typical 0.5%-2.0%, was mind-boggling. Thus began my hunt for the perfect balance of risk and reward for my crypto.

The balance of risk and reward in how you choose to hold your crypto assets can be placed on a spectrum. On one end, you have the maximally conservative strategy of cold storing your crypto assets on a hardware wallet. This gives you the peace of mind that your assets cannot be stolen online. The downside of this strategy is that your crypto assets cannot generate any passive yield. On the other end of the spectrum is the maximally risky strategy of exposing your crypto assets (and ownership via keys) to entities or smart contracts that will enable you to generate passive yield. Although this strategy is on the riskier end of the spectrum (with higher reward), certain metrics can be used to mitigate the risk when choosing a particular passively yield generation strategy.

And so I began my search for a home for my crypto assets. I researched the most well-known (and well-advertised) platforms that were centralized: BlockFi, Celsius, Crypto.com, Nexo, Binance, and Gemini to name a few. I also researched the more technically involved DeFi strategies including Aave, Yearn Finance, and providing liquidity on Uniswap and Curve Finance. However, it wasn’t until I had dug quite deep into the rabbit hole, that I discovered a true diamond in the rough platform called Midas Investments. Midas Investments combines the user-friendliness of centralized finance platforms with the powerful yield generation capability of decentralized finance. The Midas Investments team fuses both aspects seamlessly to provide the best of both worlds in what is known as Centralized Decentralized Finance (CeDeFi).

The yield rates Midas Investments offered at first seemed too good to be true. I read more about their origin story, track record, team, security, and the internal investment strategies they use. I was pleasantly surprised that they have a consistently trustworthy history with no rug pulls (over 4 years to date) and a devoted customer base as witnessed in their community social media channels and online reviews. The Midas Investments team is highly transparent including a charismatic CEO (Trevor) and a very helpful Community Manager (Anya). They put out regular updates via blog posts and YouTube videos. Digging deeper, one could also find a detailed overview of the strategies the Midas team uses to generate such high yields. Their consideration of security is also worth mentioning as they are constantly soliciting feedback for improvement on how to tighten security and reduce the risk for their clients. The Midas team is a well-oiled machine of DeFi experts who work around the clock to get you the best yield rates by tracking down the latest alpha in the DeFi world. It’s quite a compelling value proposition.

The other interesting aspect is the MIDAS token which is the internal cryptocurrency used on the platform. Users have the option of earning in MIDAS token which gives them a significant boost in yield rates (even more so than the sky-high base rates Midas already offers). Unlike many other internal tokens used on other platforms, the tokenomics of the MIDAS token are very friendly to token holders. For example, a buyback program drives a constant demand for the token pushing up the price in the long term. This is quite refreshing to see as the incentives for earning and holding the token are both convincing. Additionally, the internal swap feature on the Midas platform allows you to quickly convert your MIDAS tokens to any other coin offered on the platform, all at very competitive swap rates.

In conclusion, the Midas Investments platform is a highly recommended option for those who want to achieve financial freedom at an accelerated pace. Once you have some crypto assets purchased on an exchange, it is worth putting a portion into the Midas platform and slowly scaling in to accustom yourself to the platform. Seeing the daily updates on your yield is quite rewarding, literally, and will most likely convince you to continue investing with them. Although there are some risks, as there are with any similar platform, the Midas Investments team has done a solid job of ensuring transparency and consideration for their customers. The future of finance will most certainly be fueled by DeFi, however, simplicity and great user experience are critical in enabling this future. Midas Investments is pioneering a fantastic solution through its version of CeDeFi. This is a rocket that you want to get a seat on sooner than later. To the moon!

-The Ellimist Vs Crayak

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