Midas wants to turn the fixed-income products it issues and that are managed by Wellington into collateral for Aave lending.
The proposal has been posted on the Aave governance forum, with the goal of being included in Aave Horizon.
mWIN is a tokenized fixed-income portfolio whose underlying assets include CLOs, CMBS, RMBS, ABS, and investment-grade corporate bonds.
It is only available to whitelisted institutions and qualified investors.
In short, it’s about moving a traditional fixed-income portfolio on-chain and then using it as collateral inside a lending protocol.
In the list of DeFi lending collateral, traditional fixed-income portfolios aren’t very common yet.
The proposal has been posted on the Aave governance forum, with the goal of being included in Aave Horizon.
mWIN is a tokenized fixed-income portfolio whose underlying assets include CLOs, CMBS, RMBS, ABS, and investment-grade corporate bonds.
It is only available to whitelisted institutions and qualified investors.
In short, it’s about moving a traditional fixed-income portfolio on-chain and then using it as collateral inside a lending protocol.
In the list of DeFi lending collateral, traditional fixed-income portfolios aren’t very common yet.