Midas mTBILL

Midas mTBILL is a tokenized representation of short-dated US Treasury Bills, issued on Ethereum and several other compatible networks. It is designed to give holders a way to gain exposure to the yield generated by US government short-term debt instruments through a blockchain-based token. The product targets users who want the economic characteristics of Treasury Bills accessible in a form that can interact with decentralized finance infrastructure.

mTBILL is an ERC-20-style token that lives on Ethereum and is also deployed across ecosystems including Rootstock, Etherlink, and Plume Network. The token tracks the value of short-dated US Treasury Bills, meaning its price is designed to appreciate gradually as the underlying instruments accrue yield rather than paying out a separate income stream. The protocol does not use its own consensus algorithm; it relies entirely on the settlement finality of the host blockchains on which it is deployed.

The data stored for mTBILL does not include a fee stream, revenue figure, or protocol earnings metric, so no fee-based measures can be calculated or reported for this asset on this site. What is known is that the token's yield comes from the underlying Treasury Bills rather than from activity fees collected by the protocol itself. The circulating supply stands at approximately 68,438,318 tokens at point-in-time, and because no maximum supply is defined and the fully diluted value equals the market capitalization of roughly 73,256,939 US dollars, there is no dilution overhang recorded.