ChainCatcher reported that theblock reported that Midas, a tokenized platform supported by Coinbase Ventures and others, announced the launch of a new type of income ERC-20 token called mBASIS, which is denominated in US dollars and aims to achieve income through delta neutral basis trading strategies. The mBASIS token is similar to Ethena Labs' income token sUSDe (the pledged version of its USDe "synthetic dollar"). Fabrice Grinda, executive chairman of Midas Labs, said that the decision to launch mBASIS was because they felt they could create a better product than Ethena.