Midas in April 2026 | Recap
DeFi faced a difficult month in April. Security incidents across the sector reinforced why robust controls matter, and gave us reason to raise our already above-average standards further. Security dominated the public picture, but the building continued in the background: new products, feature improvements, integrations and new partnerships all moved forward in April.
I. Midas Response to the rsETH/KelpDAO Incident
On April 18, 10:10 PM CET, KelpDAO disclosed a security incident involving rsETH. As a precautionary measure, Midas paused all mToken minting and redemptions across the platform, and progressively restored services over the following days.
The full timeline of our response:
- Apr 18, 10:16 PM CET: Paused all mToken minting and redemptions
- Apr 18, 11:50 PM CET: Temporarily paused LayerZero OFT bridging
- Apr 19, 11:44 AM CET: Started to progressively re-enable standard minting and redemptions across all mTokens
- Apr 21, 10:18 AM CET: Resumed minting and standard redemptions across the majority of mTokens
- Apr 28, 11:44 AM CET: Re-enabled LayerZero OFT bridging, upgraded from 3/3 to 4/4 DVN configuration
Beyond the immediate response, we have continued strengthening our security measurements across the stack. Bridge configurations, monitoring, and incident response procedures have all been reviewed and reinforced, and further improvements are being rolled out over the coming weeks.
II. We are Hiring
We are scaling the team across engineering, operations, security, and growth. If you want to help build the standard for onchain investment products, the open roles are below.
We're hiring for:
– Onchain Operations Associate/Manager
– Senior Full Stack Developer
– Lead Security Engineer
– Social Media DeFi Wizard
Apply: https://wellfound.com/company/midas-10
Meet the team: https://midas.app/about
III. New Product Launches and Updates
Two new mTokens went live in April, expanding the range of strategies available onchain through Midas.
- mRe7ETH on OP Mainnet.Midas has partnered with @Re7Labs to launch mRe7ETH, tokenising Re7 Labs' ETH Yield Strategy on OP Mainnet.
The market-neutral strategy seeks to generate ETH-denominated returns, subject to the risks inherent in DeFi protocols.
Re7 Labs is acting as the appointed strategy manager while the @Optimism Foundation is seeding the strategy with an initial investment.
Access mRe7ETH → http://midas.app/mRe7ETH - mROX is a new onchain investment product built with @Rockaway_X, a $2B AUM digital asset firm and one of the largest onchain liquidity providers in DeFi, serving as the dedicated strategy manager.
mROX invests in market-neutral, USD-denominated strategies across digital assets, with a focus on onchain DeFi opportunities.
Explore mROX → http://midas.app/mROX - mMEV will be discontinued on 10 May. Following the launch of mROX with RockawayX as dedicated strategy manager, mMEV is being wound down to avoid redundancy. Holders are advised to withdraw and reinvest in mROX, which carries the same strategy.
Withdraw → https://midas.app/mmev
Reinvest → https://midas.app/mrox
IV. Symbiotic Joins the Open Liquidity Architecture
Symbiotic Instant Liquidity is now part of the Midas Open Liquidity Architecture, with mGLOBAL as the first mToken supported. Coming soon!
Learn more in Symbiotic's X article: https://x.com/symbioticfi/status/2049154661454643478
V. Featured in the Keyrock x Securitize Tokenisation Report
Midas was featured in The $400T Future of Tokenised Assets, a joint research report from Keyrock and Securitize mapping how tokenised assets scale from $27B to trillions. Dennis joined Keyrock and RWA.xyz for the accompanying webinar to discuss what distribution looks like for tokenised assets at scale.
Dennis joined Keyrock and RWA.xyz for the accompanying webinar to discuss what distribution looks like for tokenised assets at scale.The full recording is available on Keyrock's webinar page: keyrock.com/webinars
VI. Integrations
April brought new integrations across the stack. Midas went live in Ledger Wallet, Strata added mTokens as a new tranching venue, and Pendle picked up the resulting tranches within a day.
- @Ledger Wallet users can now access mTBILL and mHYPER directly from the Discover section, putting institutional-grade onchain investment products one click away from full self-custody.
- mHYPER tranched on Strata. Strata Markets split mHYPER into a senior tranche (srmHYPER) and a junior tranche (jrmHYPER), giving holders two distinct risk profiles on the same underlying strategy.
- Strata's mHYPER tranches live on Pendle. Within a day, srmHYPER and jrmHYPER were listed on Pendle, opening up yield trading on both tranches with a 2 July 2026 maturity.
- mM1-USD tranched on Strata. mM1-USD, managed by M1 Capital, was added to Strata Markets with the same tranche structure: srmM1-USD for protected exposure, jrmM1-USD for leveraged upside
About Midas
Midas is a platform for composable onchain investment products. It gives investors exposure to institutional strategies, run by professional strategy managers, through its performance-linked mTokens. These tokens offer full transparency, instant redemptions, and native composability across DeFi. To date, Midas has powered over $1.7B in asset issuance and paid out $37M in yield.