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Review on Midas.Investments by je-te jette

Revainrating 5 out of 5

Great experience with Midas so far *****

I learned about Midas in a reddit post about defi/cefi. I had already dabbled with the CeDefi with celsius/nexo, and the lesser known hodlnaut/youhodler, so I was not completely on the fence but pretty skeptical, the rates were simply too good to be true as the competitor’s seemed way lower. I made my way to the discord and asked many questions, got answers every time, watched all the videos on the youtube channel before I understood what their approach was, how they were able to get those yields, and got comfortable enough to put some coins there. Tried withdrawing, everything worked fine, so I added some more. And then… with fireblocks integration, KYC coming, and the responses from all the team ; well I feel very safe in Midas now.



I love the simple interface, nothing less, nothing more. I especially enjoy the swap system, super intuitive, very fast ; some small fees but no spread/slippage in real time, it’s a very appreciated way to rebalance the portfiolo quickly and efficiently.

Rewards are daily, no lockups, no tiers rates, everything I like. And well, the rates are unmatched (23% for ETH ? Come on… Probably will be lower someday but still) . Especially for the Midas token itself, that the team buybacks every week to help sustain growth : Even though it did a x4 since I started buying it, its MC is still super small and it feels like an underrated gem at the moment (that you can stake for 30%, which doesn’t hurt)



I like that the team is very responsive, and often post educational posts and videos about crypto and investments in general, it feels genuine and of quality ; everyday something new to read or discover. I like the referral system too, more yields on top of yields. And the one thing that sold me was actually the concept itself, that was something I had been looking in the space since the beginning of defi : being able to put my tokens in a safe place where a team of experts work to get the best APY from the crypto world, without having anything to do myself to reap the rewards. It feels really good.



To be transparent and list the things I like less :

- It can take some time to get in touch with customer support chat, they always respond though, with adequate help, and there are lots of people to help in discord too.

- Also, I wish It was possible to deposit stables using BSC or TRX chains, eth ga fees are a pain. Luckily BUSD is still a possibility for cheap transfers.

- Finally, I didn’t really like the connection system at first, but after taking some time to set it up, one 2fa for the gmail adress and another 2fa on the midas website, now i’m ok with it.



Overall i’m very happy with the platform, the team, the token, the community ; and excited to see where it all goes from here. Cheers!

Pros
  • Interface
  • Rates
  • Community
  • Team
  • Vision
Cons
  • No L2 transfers

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