Midas Resumes Standard Operations for mToken Amid Market Volatility

Midas has announced the gradual resumption of standard minting and redemption operations for all mTokens. According to Foresight News, the company expects all issuance and redemption activities to return to normal by the end of the day, pending further communication with Aave and KelpDAO. Earlier, Midas halted the LayerZero OFT cross-chain service at 5:15 today (22:15 Central European Time yesterday) due to the impact of the rsETH incident. This action was part of a standard response protocol to address market fluctuations and protect user interests. Midas stated that it will continue to monitor the situation and provide updates through official channels.