This proposal seeks to add Midas mF-ONE to the USP Backing Reserve. The Midas mF-ONE vault will be included in both the reserve distribution and max allowance lists.
The Midas mF-ONE vault offers an uncorrelated yield strategy, with off chain RWA loans.
By integrating mF-ONE into the backing reserve, USP’s collateral composition will remain yield-optimized.
Adding mF-ONE ensures that USP continues leveraging Midas strategies aligned with the protocol’s stability and efficiency goals.
USP Reserve Backing Max Allowance Additions
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 10% | Midas mF-ONE | On Chain | https://midas.app/mfone |
USP Reserve Backing Distribution Table Additions
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
Reserve Backing Distribution Before
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 50% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 10% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 10% | Almanak Autonomous Liquidity USD | On Chain | https://almanak.co/ |
| 5% | Aave aUSDT | On Chain | https://app.aave.com/reserve-overview/?underlyingAsset=0xdac17f958d2ee523a2206206994597c13d831ec7&marketName=proto_mainnet_v3 |
| 2.5% | Cap USD cUSD | On Chain | https://cap.app/ |
| 2.5% | Cap USD stcUSD | On Chain | https://cap.app/ |
| 2.5% | Ethena sUSDe | On Chain | https://www.ethena.fi/ |
| 2.5% | Midas mMev | On Chain | https://midas.app/mmev |
| 2.5% | Midas mAPOLLO | On Chain | https://midas.app/mapollo |
| 2.5% | Midas mRe7Yield | On Chain | https://midas.app/mre7yield |
Reserve Backing Distribution After
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 50% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 10% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 10% | Almanak Autonomous Liquidity USD | On Chain | https://almanak.co/ |
| 5% | Aave aUSDT | On Chain | https://app.aave.com/reserve-overview/?underlyingAsset=0xdac17f958d2ee523a2206206994597c13d831ec7&marketName=proto_mainnet_v3 |
| 2.5% | Cap USD cUSD | On Chain | https://cap.app/ |
| 2.5% | Cap USD stcUSD | On Chain | https://cap.app/ |
| 2.5% | Ethena sUSDe | On Chain | https://www.ethena.fi/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Midas mAPOLLO | On Chain | https://midas.app/mapollo |
| 2.5% | Midas mRe7Yield | On Chain | https://midas.app/mre7yield |