Midas News: Bear Market, Midas' future, Your investments
hello and welcome to midas investments youtube channel this is the channel for those who seek financial independence through long-term investments in cryptocurrencies my name is anya i'm midas investment community manager and today we have our ceo trevor with us hi trevor how are you doing hi anya uh hi uh all the viewers uh thank you for recording this video uh i i was waiting for quite some time for it yeah how are you doing yeah i'm doing great and i'm super excited for this video today because this is the video about all of the things that had happened in the crypto market how it affected midas and what are our general plans for future so it's kind of like a sum up of everything that happened because recent weeks in crypto were pretty tough for everyone and a lot of crypto newbies who are just coming into the into the industry and into the investing in cryptocurrencies they're like super um you know they're encountering some unexpected things going on okay so one of the most major things that happened during this period is actually luna used t crash what are your thoughts on that it's it's definitely one of the most painful events for the whole crypto market uh definitely the most painful in my whole crypto career and i really feel that this will uh this will remain like a huge scar on everyone who jumped into crypto during uh during the previous cycle we could call already the previous uh previous cycle and uh no one uh expected this but basically the main reason why why it happened uh in the first place is strictly the design of the luna musd protocols so basically when you have two heavily correlated assets uh which basically uh where one of which is supposed to be stable uh but backed with the another uh volatile altcoin asset it can create a really huge correlation between those two assets and this is why we saw such an intense luna burning and such an intense lunar market cap growth as as the coin and uh obviously uh considering all the retail crypto investors and even professional investors uh we all have similar cognitive biases within our brain and one of the strongest ones that affect us in crypto is tendency thinking which basically creates the illusion of how things went in the past they will uh continue in time forever and this is why we have all this um panic states uh and we have all those euphoria states because our brain thinks like hey in the bitcoin grew like in the recent six months uh like this amount and uh it will continue forever but basically uh with the huge market cap off luna huge uh amount of deposits in anchor protocol uh provided by fixed rates created the uh false illusion that this mechanism will work and will be sustainable even after any certain attacks on the protocol and we saw how some of our investment team really thought that uh luna will not survive the first deepak which it got like one year ago but they managed to recover pretty pretty decently and then after this they purchased btc in their portfolio and so on and yeah it did not save them and uh there are some rumors on the coordinated attack and so on but the the main reason is not the uh coordinated attack uh is not like the bad intentions of the market it's like um when the reality does not fit the actual when the model and the reality are separated like we got with the anchor these things collapse and the reality tries to flood all the [ __ ] away on the lies all the lies from the protocol yeah yeah okay thank you very much for sharing your thoughts on that and um well as you've said uh this thing has left scar a lot of scars in investors hearts so basically we have a lot of new investors coming to midas investments and they already experienced this luna crash and they're obviously very you know uh worried about their investments now and you know like they see that uh up to the recent point we had um 20 on stables as well as well as anchor head also 20 so the yields are kind of the same so people are always asking what is the difference and how can i be sure that uh the same thing is not going to happen to midas yeah so uh basically uh when we look on the anchor so uh the the first on thinking on on the systems itself any fixed system where where you cannot change parameters where parameters are not adapted to reality fast enough or has some lags in it or has some it brings uh what i call lies in in reality so basically the fixed rate of of anchor protocol was really far away from the reality uh but it created the intense uh amount of hype intense amount of euphoria intense amount of tendency thinking uh and the false proof of this protocol uh in this case the uh fixed rate was something like a marketing mechanism and uh when there was a possibility to create the death spiral the market as the larger uh substance of a lot of really amazing high iq players with algorithmic strats and and so on uh they saw this opportunity uh where you can break the system and uh for those who who love taleb you have fragile systems and anti-fragile systems so in terms of fragile systems they are easily broken and they need to be fixed and they and uh when you have the mechanisms where where you have like um something that is not adaptive it just breaks uh and and this is why all the fixed rates that are not adapted can be broken like like the car or like the like basically any any fixed stuff uh the way we do things in midas we treat ourselves as the anti-fragile system and this is why we we have been here for four years and uh on the outside you see us reducing rates but on the inside we are adapting our portfolio like during the last month we i think we changed our portfolio three times and this is this was really really intense uh because we had to reevaluate the market uh a few times uh already and we just recreate the new strategies see how things are changing see what the reality present now what risks unfolds and what risks uh stop being in place like for for example with the huge deliverage huge amount of liquidations on the uh on the market you see a lot of new opportunities coming so this is like the how forest is getting burned but uh on all of the ashes the new forest appears so this is and i i really think that this is like the really uh great metaphor for all the markets uh because uh basically the markets are driven by the uh expectations and then uh euphoria and this euphoria means that it is really really not tied up to reality uh one of the main criterias for this is the combination of liquidity and market cap of the coin for example uh and we currently see that for many uh even layer one altcoins and blockchains there are not enough liquidity to support all the market cap like all the value of of the of the coins and this is the things we we try to look in our investment strategies so basically what we do in midas we adapt to the current market uh during the last six months we did a tremendous job on uh creating our own infrastructure getting new amazing members to the team and uh yeah basically adapting to any conditions of the market to be sure that we are uh that we can fulfill the the the promises that we give and obligations that we have before investors but in some ways and this is what happened like a week ago when we had to reduce the rates we had to reduce the rates because uh otherwise it would imply the the lies for for midas which basically increases the uh the chance of our mechanism like going in some bad state which we do not want to happen our main goal for right now is like uh build build new amazing things during this uh really flat market state that we might see for the next few few months yeah so you basically already covered my next question i had about how high this is doing after the crash uh but thank you much for elaborating that and uh actually you know like since we're like some people say that we're entering the bear market and um you're saying that we're trying to build an unbreakable system that's going to survive in all of the circumstances also it's not it's not it's not unbreakable uh anker tried to build unbreakable system and and this like uh any uh system that that is positioned itself as an unbreakable uh will will get broken like uh combination yeah it's it's just uh just a clarification communism thought that they are unbreakable yeah it's just uh it's it's adaptive you know it's it's life and uh you need you need to suffer a little bit but learn from your mistakes get new experience and become better yeah it's a part of the journey okay so that was the wrong word choice but um might as well become an adaptive system that's gonna help every single thing that might happen um okay so actually um and this like this is where as some say we're entering the bear markets like what are the main sources of yields um in the current uh market phase i i was i was in the crypto conference uh basically yeah yesterday and one of the speakers called uh with a really vast experience in crypto market uh he said that this is not the beer market it's steady beer market yet so like yeah i like expeditions yeah so uh there could be another really uh really harsh things uh to to happen uh but yeah yeah just just to not keep everyone in in such a positive life uh but still you know what are the main sources of filth in this marketplace like uh six months ago uh there was a huge markets opportunity on uh some sorts of talk and farming and there were some amazing trends and uh amazing narratives in the in the d5 market like uh certain protocols certain uh certain possibilities and so on so the token farming was one of the best thing you could you could do in order uh with a really uh site to risk profile and uh hatch portfolio and so on and this is why you see uh a lot of different coins on our on our platform because they were part of those narratives back then uh then obviously we saw the decline in this phase and uh with this we changed our portfolio to where it's uh towards stablecoin uh farming it's it's not uh we do not have a portfolio like usd and so on because it didn't pass our due diligence but we got a lot of algorithmic stable coins over collateralized stable coins and there were a lot of opportunities where the creators of those stable coins created such mechanisms that allowed you to produce uh a sustainable amount of field during these times then obviously uh luna came and uh it create a shock wave on all of these stable coins and algorithmic stable coins and even uh even usdt and this is why we made the decision on deleveraging all the usdt from our portfolio uh temporarily uh probably and we are thinking about getting it back it opens up a few strategies for us for sure uh but yeah and all the algorithmic stable coin got really uh huge volatility and so on so we exited it uh prior once the lunar thing started to unfold we exited all our algorithmic position so uh and and the recent two weeks we search for new uh for new opportunities in order to produce yield and and so on so uh my current view on on the yields in in d5 is that uh the token farming is that and will be that until the new protocols emerge you know the burned forest and we really need to wait uh for some some new protocol superior that solve the current problems of the uh of the crypto market and uh we're already contacting with a few uh d5 protocols that are in the building phase uh that aims to fix the uh the problem for example of landing market so the the things we saw a lot of hacks on the rari pools and and and this type of stuff uh recently uh those guys uh sea lord protocol s-i-l-o uh which are really in the huge deep building phase they're really amazing guys and we are waiting for uh this project to unfold and they're creating isolated isolated lending markets basically what unicef did for uh liquidity providing and market making and uh we'll see how it will fit our strategies and and so on so uh we're waiting for the new d5 protocols in order for uh new governance phase starting to unfold uh another thing that we are currently heavily looking is driving and uh basically there is a mechanism where you as the d5 protocol can purchase liquidity uh through the governance tokens and you have two ways you can purchase uh governance tokens uh directly like convex and both for yourself in order to deploy liquidity this is what we plan to do in terms of midas coin uh really really soon and uh another way you can do this you can bribe other holders of those governance tokens in order for you to um get the liquidity you want but without spending too much funds and the main like uh the the main users of this uh things were were luna actually uh forex finance and uh another another major guys where liquid c is really really important so this is uh so you by holding this governance tokens yeah you can basically earn yields but not in the uh token farming and by token farming i mean uh you deposit liquidity and you receive insensitives by the protocol for it this thing really not sustainable in this market situation so uh generally speaking uh we are looking for all the ways we can produce yields not from token farming and uh in the current state it's uh it creates new possibilities with such things as options for example you have a few major d5 protocols that allows you to have a fully covered option calls in in the certain ranges and we have our own uh strategies built on there a bit and other basically only there a bit and uh what else uh another things this beside options is the uh uni swap three liquidity providing we developed the uh uni slot three uh liquid supervising tool uh back in the autumn actually but we uh after testing it we we saw that impermanent losses were too high for those market volatility now when we got a really huge intense volatility and the market will decay a little bit and and will have some flat lines i really feel that uni swap three algorithms could be really really amazing and uh yeah so uh also we are partnering up with uh with some uh investment team that developed the algorithmic tool for liquidity providing on unit swap two so basically like they are searching for all the uh market pairs for uni swap two and create the strategy of allocating liquidity to to this stuff so we we are heading towards a lot of a lot of directions and uh i really feel that the only way to uh to produce yield is uh simply creating something on top of d5 protocols and this this leads us to the vision of of cd5 where where you have the basic blocks and in d5 you already have all the basic blocks you have options you have lending you have lending gives you the leverage possibility and shorting possibility uh as isolated lazing pockets uh also give you the shorting possibilities you have the liquidity providing which which can generate fees uh and there are also some instruments to hatch impermanent laws so it's it it becomes like like the science uh before that you could simply pick uh make a due diligence and pick the protocols that you feel uh would work uh during this narrative but now you need to create the strategies ourselves and then this is what we do yeah i think uh i i got much much broader view from this question next two questions i had but it's amazing uh get bring them bring them to you yeah there is still one part that you didn't answer so um basically could you please um tell us a little bit more about what's going on in uh the investment team in general do you have any like changes like what is actually going on there sure uh so uh the first thing that that we how was the team doing uh obviously we're really really uh engaged in in all this activity we have a lot of a lot of changes that we need to implement a lot of uh a lot of other stuff that that that we do yeah but but they are really motivated and uh what and another great two things that motivate us the first thing is that we finally get our infrastructure uh ready we have our portfolio tracker we have our all uh algorithmic stuff going on uh we have a great layer of uh asset management within the uh within the positions uh algorithmic uh landings and and and so on so it's like it things became much easier to operate and manage and this opens up a lot more resources for us to think and to create these strategies and to to think what we can bring uh what we can bring to to the market additionally and then list on our platform maybe and uh show it to our uh investors and this is basically one of the main focuses of investment team currently is creating uh something new in order to show uh to midas or establish into uh into some investment product or even establishing the d5 protocol uh that we will tie it side up to to midas it's totally possible so uh another thing that motivates us a lot are the new members of the investment team uh we have the great new dfi analyst uh that helped us to recreate the portfolio and and so on we just got the new consultant for our investment team and i hope to join our team in the future uh but now she is like on the eighth month of pregnancy or even on the ninth month of spring yeah yeah and she uh she has like 15 years in uh trade fly like traditional finances and she was the asset manager uh within the the bank and uh yeah and uh meanwhile she was building the uh the d5 protocol uh on solana and created d5 strategies and so on and uh overall she operated like two two billion dollars of uh assets under her and the team so we we really feel that uh she can become a really valuable person for us to realize the to make uh cd5 vision happen and so on and uh obviously uh another another guy and i i really think that we should announce him uh later on in the in the community is our the new sea level that we got on board uh a huge uh executive with a really tremendous experience in building enterprise solutions and he he really got the got the things going uh and invite us and um yeah so we are really pumped up and motivated and uh finally establishing the cd5 vision and we see how we are really really close to solving the uh the task of transparent wealth management built on top of d5 but accessible for the retail user uh which is which was not really uh seen before and we are testing all the hypotheses and you will see the results pretty pretty soon wow that sounds super exciting actually and very inspiring so i just can't wait to see all of the results and i'm pretty sure um it's gonna be awesome um okay so you also have partly covered the next question that they had but uh if we can just uh go all over uh the instrument the investment products that you're developing right now uh as the part of the cdfi like concept sure sure okay where do i start uh so uh first of all uh i really feel that uh that in order to to create something valuable on top of d5 you need to uh create the combinations uh in in d5 create algorithmic combinations on top of d5 and uh boosted up with the uh other possibilities that c5 is giving to you for example like basically derivative exchanges and options and all this amazing stuff this is the field of our hypothesis right now and and uh basically what products um we already uh got a lot of amazing products that we got uh first of all we have the major uh trend algorithmic bot that basically trades once per per three months uh showing which trend happens and basically it sold for ethereum it it showed uh that ethereum is doomed at uh 3800 which basically it's it gives us some certainty on how they manage strategies within the d5 because basically it gives us the certainty uh in which and opens up the possibility to establish for example liquidity pools where the impermanent loss is basically creating more yield for the certain asset so basically like uh if if you open okay i will not dive into this uh really really hot but uh okay what what else uh we we are heavily developing the trenches system and and the trenches is like uh the way to separate risk for the really risky and juicy investment product so basically you you can you can see that liquidity pools uh for for example for some token farming can produce like 100 percent uh apr uh on on their strategies but they also have some risks building it and what trenches allow to do is to separate the risk in order for some part to receive fixed rates and on the other side uh another investor receiving all those juicy uh apr and uh willing to uh willing to have this major upside while on the other hand the guy uh just receives his stable yield uh with a really backed up profits and uh really really transparent one this is the way to separate risks basically uh we're also creating the driving strategy where you accumulate context uh and uh uh and curve tokens in order to establish the mechanism of producing yield from from the driving currently it gives like 35 percent apr on on this strategy and if we apply trenches to it if we apply smart contracts in it it can create a really uh deep and amazing complex uh system where where basically you have multi layers of receiving yield like you're receiving yield from the bribes from the liquidity pools from the trenches and and so on uh another uh products that we are heavily looking at is basically the light in the field of developing or forking even uh some d5 products and investment products i really feel that we have the amazing opportunity to create the first d5 investment products that could go retail uh what that means is like there is the possibility uh to hold a token which basically is the algorithm on liquidity pools to leverage to have two leverage on ethereum for example so the price of the token moves twice as fast as as the price of the ethereum uh but the the main problem with it is that it does not have any liquidity so we can create this token and become the liquidity for this token and just cover this issue for usage of this investment instrument and give our users this investment instrument uh prior the uh the bullish market which which can be really really efficient in terms of reducing wealth and having upsides and and so on then uh when you have such tokens that allows you to uh basically go long or go short on ethereum or btc or whatever on my desk platform you can create various portfolios of various uh various amazing stuff that can combine your own perspective of the market and obviously we will not forget about uh all our algorithmic and trending stuff that that we do on the sideways our our c5 way uh which basically uh allows you to uh earn money on the flat market earn money on the volatile market and so on so basically what what else what else i really feel that uh i can go in much more details but uh i i would i would like not it's okay so basically we're gonna give our investors a lot of different opportunities to earn on a lot of different markets and like the stages yeah uh we will see how it will go uh i definitely we are currently uh evaluating uh our investment products that we did not use our ourselves because uh it was too risky to hold in our portfolio when we produced a stable fixed yield we need to make sure that we do not have the exposure to some do some huge risky stuff uh but but this also cuts uh cuts up the the upside so the thing that we plan to do in in june is to list at on the platform at least one investment instrument and see how it will go uh it will not have fixed yield it will be flexible uh apy and most likely it will have volatile price obviously which will be calculated based on the how the investment strategy is performing and we will see how it will go for from this point if if the community would love this uh at least as the hypothesis uh we can start developing and start listing more and more for investors to create their own uh like portfolios that suit their risk that suit their uh investments demand and give much more opportunities on basically everything yeah well that sounds really cool um i will be waiting for this first product to be implemented thank you very much for sharing these details so um you know um during the bear market when everything goes down we have actually a really nice sweetener to all of the sorrow that our investors at least have uh is that actually midas talking has hit a all-time high which is pretty exciting and um actually could you please tell us a little bit more about what are the goals for midas token and for the company in general for this year yeah i congratulate everyone who who managed to hold by the stocking and purchased all the deep uh this this strategy strategy worked out and the main reason for midas to actually uh have the possibility to go non-correlated with the market it is always pushed by the cash flow of of the company itself of our investment tools and from the profits that which is called payout split uh it means that we dedicate 10 percent of what we paid to you to to the growth of the miter stock and so it creates a really nice uh upward pressure on on the midas token uh which makes it really not not so correlated asset with with the market especially in the bearish market and uh what we really want to do in the next few phases of the midas by this token is uh currently we are on on the phantom blockchain and uh obviously we really want to partner with all the d5 protocols on phantom chain we currently have to be in the pipeline we will see how how it will go uh we already established the the contact with them and uh yeah we will see uh how it will go and and the next phase uh really important phase for for me in in terms of midas talking is for midas talking to go on ethereum blockchain uh and the main reason for this is that there are such a lot of great amazing partnership opportunities for midas token to be on the ethereum blockchain it allows us to become the cd5 platform which basically gives you uh gives us the possibility to vote for ourselves allows us to create investment products that will benefit midas token so like uh all the convex that we have uh in in deposits and all this uh and all the bright investment products and so on there is a possibility for us to vote for for ourselves and simply boost the liquidity for midas tokens like up to 10 15 million like no no no problem and it will be the liquidity that is not incentivized by my this token not uh not locked in from investors but actually uh something more more reliable and yeah something much more cooler and i'm i'm really really excited uh about this and uh obviously the long term for midas token is to create some sort of the protocols with the investment products built in it uh where the streaming fee from this investment product will be uh dedicated or separated with midas token or like midas treasury we will see how it will go so uh i really want midas talking to become the uh the fuel and all the blood of all the things that were built in in d5 and c5 it already is on c5 so i'm really really bullish on on the future of the midas talking especially since it has really we we are really really considerable about our emission and about our inflation of the talk and then uh our token is like it makes it much more valuable than uh than most other d5 tokens and uh regarding the goals of of the company i was uh already telling much more about our plans during this during this video and i would feel amazing if we will be able to achieve at least half of these plans and uh which are like listing a few investment products uh finally having our redesign ready and uh we we already have the new uh the new logo but we we just need to pick the the right time to uh to finally uh transition to it uh with within you do we already have the new logo well uh the the form is is complete yeah so like uh we yeah so the the the new midas is coming and uh basically creating the vision of the of the cd5 platform creating the robust policies for uh for investment uh strategies and create all the things that allow us to still produce wealth in much more efficient way in like multi multi-layer system where we manage the funds in a really really efficient way to our own investment product through our own infrastructure so like uh becoming the giant so i i i do not have a specific uh you know like uh vision but i i i just feel it uh i have the intuition that we are going in the right way and uh yeah and we will see i'm really eager to to know what what the reality will unfold to us in the upcoming months awesome uh that sounds really awesome thank you very much for sharing this info with us and thank you very much for coming for today's call for coming for today's video uh it was really nice talking to you guys if you still have some questions left about anything that you might you know wonder about midas investments and its future you can always leave them down below in the comments or you can come to our community and ask your questions there so we have a separate channel for asking trevor questions you can go there and whatever question you have um we'll try to answer it in the best way possible okay thank you very much for watching this video trevor thank you very much for sharing this information um i wish you a nice day you too you too anya thank you so much thank you very much okay bye bye guys
2022-06-02 15:51
