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Midas Strategies Frequently Asked Questions

How to buy or sell Strategies tokens?

Strategies tokens are an internal Midas product that exists only on the Midas platform. To buy tokens, use the Swap on Midas platform. Do the same when you want to sell.

When will I receive the payout?

Strategies do not generate payments to the user's balance like other Assets, instead, the income generated by the strategy will increase the token price and therefore your USD balance.

Fees  

Performance fee: 15% of weekly profit (only if the strategy has generated profit); fees are deducted directly from the strategy shares each week. The user retains the same number of SLETH tokens, but the price of each token is less by the success reward. 

If the user exits the investment strategy before the settlement day, then we calculate the difference between the current price and the price of the last settlement period and take 15% of the profit. If there is no profit, then the user does not pay performance fee. 

Performance fee = [Current price - last price] * 0.15

 Swap fee:  

  • From USDC to Strategy — 0.5% (into and out of this strategy)
  • From USDT to Strategy — 0.5% (into and out of this strategy) 
  • From ETH to Strategy — 0.5% (into and out of this strategy) 
  • From BTC to Strategy — 0.2% (into and out of this strategy) 
  • From MIDAS to Strategy — 1.1% (into and out of this strategy) 
  • From all others to Strategy — Routing fee + 0.2% (into and out of this strategy)