Recap

July has been another foundational month, with a big focus on mGLO and mGLOBAL distribution and growth. We also introduced the Midas Portfolio Page, announced a speaker, and saw an update to Midas' Ledger integration.

If May was about laying rails, June was about riding them as we surpassed $500M in TVL! But the number is a byproduct, not the story. The story is distribution: mGLOBAL went live as collateral on Aave Horizon, mGLO launched on Base and on Robinhood Chain.

May was a foundations month. Most of the work sat below the surface: laying the rails for the products coming next, hardening security across the stack, and the partnerships groundwork that decides what the rest of the year looks like.

DeFi faced a difficult month in April. 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.

The past month has been the most significant in Midas' history. We closed a $50M Series A, launched Midas Staked Liquidity, shipped the Attestation Engine, brought five new onchain investment products to market, and hosted the first edition of The Clearing House in Cannes.