Midas has begun gradually resuming the minting and redemption of all mTokens.
Foresight News reports that Midas has announced the gradual resumption of standard minting and redemption services for all mToken. While awaiting further communication with Aave and KelpDAO, it is expected that all issuance and redemption will return to normal operations by the end of the day.
Previously, due to the rsETH incident, Midas stopped LayerZero OFT cross-chain services today at 5:15 (22:15 yesterday Central European Time). This measure was a standard protocol in response to market volatility and to protect users' interests. Midas stated that it will continue to monitor the situation and provide updates through official channels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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