Why Midas is a Competitor to #ONDO
Here's a side-by-side comparison:
Aspect. Ondo Finance
Midas 👇
1️⃣Core product
ONDO USDY (retail Treasuries-backed stablecoin); OUSG (institutional)
MIDAS stUSD token is 100% backed by U.S. Treasuries
Midas works as follows:
The quantile-quantile relation is smoothed by a linear spline-fit. This is meant to reduce the impact of variability in the data, especially on the tails of the data.
2️⃣Yield (APY)
ONDO 4.00% to 5.3% APY for non-US investors by backing it with short-term U.S. treasuries.
MIDAS target; auto-compounding
Examples of Midas yields
mXRP: Targets up to 10% APY for XRP holders, with potential for higher returns through additional DeFi integrations.
mBASIS: its APY was around 17.33%%, but this fluctuates;
Other strategies : shows an average APY of 13.87% across its tracked pools. Other token-specific yields can also vary, such as the 10.05% APY for its Bitcoin Strategy. Only 9 pools tracking via dflm
3️⃣BACKING
ONDO: U.S. Treasuries, bank deposits, repos
MIDAS: A New Yield-Bearing Stablecoin Investing in U.S. Treasuries
4️⃣DeFi Integrations
Aave, Uniswap, Compound; 24/7 redeem
MakerDAO, Uniswap, Aave; very very huge expansions planned in Q4 2025
5️⃣Target Users
ONDO
Institutions + qualified retail
That means ONDO has higher chance for institutional game but Midas focus on retails users that's very very bullish for us
MIDAS DeFi natives (lower min. deposits)
How does Midas Yielder work?
Midas Investments is a yield aggregator that aims to maximize the yield for its users by utilizing a plethora of different strategies across DeFi. These strategies include yield farming (liquidity providing) and using yield-bearing assets to compound net yield.
Midas is everyone game not just for whale o🐋 or institutional fade at your own risk 🧘
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