Midas has begun to gradually resume all mToken minting and redemption operations.

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According to Foresight News , Midas has announced that it has begun to gradually resume standard minting and redemption operations for all mTokens. While awaiting further communication with Aave and KelpDAO, all issuances and redemptions are expected to be back to normal by the end of the day.

Previously, affected by the rsETH incident, Midas suspended LayerZero OFT cross-chain services at 5:15 AM today (10:15 PM CET yesterday). This move is a standard response protocol to address market volatility and protect user interests. Midas stated that it will continue to monitor the situation and release updates through official channels.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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