defirisk.co
rubric v1.7.0

Collateralization under stress

Midas's assessment for RD-F-068 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Not applicable — Midas has no on-chain collateral pool subject to the 50%-drop stress simulation. mToken backing is off-chain: T-bills held by Maerki Baumann & Co. AG (Switzerland), BTC/ETH by Fortuna Custody, CEX positions for mBASIS. No Compound/Aave-style on-chain collateral pool. PD-024 non-lending factor-flip applies.

Sources #

  • Internal
    Midas protocol profile §7 — external dependencies.research/protocols/midas/00-profile.md §7 — off-chain custodian structure (Maerki Baumann, Fortuna Custody, BlackRock fund exposure for mTBILL)retrieved 2026-05-16

Methodology #

Determine whether under curator-defined stress scenario (top-3 collateral assets drop 50%), protocol net collateralization falls below 110%.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol midas factor RD-F-068 score not_applicable collected_at 2026-05-16 09:34:55