🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Midas launches US Treasury bonds encrypted on the Algorand blockchain
Germany's Midas encryption protocol has just launched the ( US Treasury bill ) in encrypted form on the Algorand blockchain, allowing European investors to access profitable government bonds without requiring a minimum investment.
The mTBILL product is a cryptocurrency certificate that references short-term US Treasury bond ETF funds. The first atomic swap was executed on May 27, with 2 million USD USDC exchanged for mTBILL.
Midas stated that mTBILL has a lower barrier to entry compared to cryptocurrency money market funds like BlackRock’s BUIDL ( which requires a minimum of 5 million USD). In contrast, mTBILL does not require a minimum investment and offers a net yield of 4.06% ( as of 29/5).
Algorand, with a capitalization of $1.84 billion, will integrate mTBILL into the DeFi ecosystem in the next few weeks, according to the Algorand Foundation.