Midas and LeadBlock: Pioneering the mTBILL-Backed Lending Market on Morpho Blue

In decentralized finance’s (DeFi) ever-evolving landscape, finding innovative ways to secure and enhance yields remains a top priority for savvy investors. That’s why we at Midas, in collaboration with LeadBlock Partners, are thrilled to unveil the mTBILL/USDC lending market and LeadBlock-managed USDC RWA MetaMorpho vault on Morpho Blue.

The mTBILL/USDC market is a strategic approach to leveraging U.S. Treasury Bills for enhanced yields. Managed by LeadBlock, the USDC RWA MetaMorpho Vault enables users to put their USDC to work, earning the risk-free rate of return alongside DeFi yield.
This introduction of a yield-bearing stablecoin into a top decentralised money market grants lower and more consistent stablecoin lending rates, while offering a medium for capital-efficient borrowing.

Introducing Morpho Blue

Morpho Blue blends traditional finance principles with cutting-edge innovation. Its isolated money markets enable verified, overcollateralized mTBILL suppliers to confidently borrow USDC. The unique design also facilitates exceptional lending rate splits, offering users a competitive loan-to-value (LTV) ratio within a stable, dollar-denominated environment.

Further, Morpho Blue paves the way for the seamless creation of MetaMorpho Vaults, which are directly integrated with Morpho Blue lending markets. These vaults consolidate various USDC-utilizing markets (or markets with the same loan token) into a curated, risk-managed yield strategy.

Instead of juggling multiple positions, Morpho users can earn passive income by depositing idle USDC into the LeadBlock USDC RWA Vault, accessing both U.S. Treasury and DeFi-sourced yields.

Why We Chose Morpho

• High LTV Lending: Morpho enables Midas users to collateralize mTBILL for USDC loans at over 90% LTV, offering the most stable rates available in DeFi.
• Enhanced Yield: For those looking to maximize their USDC’s potential, Morpho presents a risk-managed pathway to an enhanced yield, backed by a regulatory-compliant, yield-bearing token in mTBILL.
• Top-Notch Security: With measures like Liquidation Loan-to-Value (LLTV), adaptive interest rate models, and market selection for risk management, users enjoy a secure investment environment.

Who can invest?

While the mTBILL token is only available to verified Midas users outside the U.S., the LeadBlock USDC RWA MetaMorpho vault is available to all Morpho users and USDC holders.

Keen to Learn More?

This announcement only scratches the surface of what we're offering. If you're intrigued by the potential of this pioneering venture and wish to explore how it can benefit your investment strategy, don’t hesitate to reach out! Contact us at: https://midas.app/

To check out the new vault, visit: https://app.morpho.org/vault?vault=0x4cA0E178c94f039d7F202E09d8d1a655Ed3fb6b6

For more information on Midas and the mTBILL token, navigate to https://midas.app/, or contact us via team@midas.app.

For a technical deep dive, visit our documentation at https://midas-docs.gitbook.io/midas-docs.