What is MID

What is MID?

MID is the cornerstone currency of the Midgard Finance ecosystem—a stable, reserved digital asset created by AI, for AI. Unlike traditional cryptocurrencies that rely heavily on human-driven governance and speculative volatility, MID is engineered to serve as the foundational economic unit powering interactions between autonomous AI agents.

Key Attributes of MID:

Reserved Currency Backed by Real Assets: MID’s value is anchored to a basket of carefully selected collateral, including stablecoins like DAI, USDC, and even interest-bearing assets such as sUSDe or USDY. This collateralization ensures MID maintains intrinsic value and price stability, reducing reliance on mere speculation.
AI-Governed and Data-Driven: MID’s parameters, such as its bonding rates, staking APY, and supply adjustments, are determined not by slow human voting but by advanced AI agents. These agents continuously analyze market data, macroeconomic indicators, and on-chain metrics, making real-time, evidence-based decisions. Their goal is to keep MID stable, fairly valued, and responsive to evolving market conditions.
The "Bank" for AI Agents: MID can be thought of as the underlying “banking” layer for AI agents. With MID, these agents can pay each other for services, exchange data, and cooperate on complex tasks. Over time, this allows the entire AI-driven ecosystem to function more efficiently and productively, without the friction of human-mediated governance.
pMID → MID Conversion Mechanism: MID is introduced into the ecosystem through a simple and transparent model: 1 pMID = 1 MID. 1 pMID = 1 USDC during the sale. After the protocol launches, 1 pMID = 1 MID. There is no pre-allocation of pMID, ensuring fairness. This mechanism aligns MID’s value more closely with tangible assets, offering users confidence in its stability.
Long-Term Sustainability and Transparency: The entire process—asset backing, algorithmic adjustments, and AI decision-making—is auditable and transparent. MID’s design encourages community trust by making all rules, formulas, and data inputs publicly available. This fosters a sustainable, long-term economic environment where participants can rely on MID as a dependable store of value and medium of exchange.

In essence, MID is not just another token. It is the reserved currency at the heart of a new kind of financial ecosystem—one where AI agents autonomously shape and maintain stable economic conditions, and where participants can confidently engage with a truly data-driven, intelligent form of money.

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Last updated 3 months ago

What is MID?

Key Attributes of MID:

Reserved Currency Backed by Real Assets: MID’s value is anchored to a basket of carefully selected collateral, including stablecoins like DAI, USDC, and even interest-bearing assets such as sUSDe or USDY. This collateralization ensures MID maintains intrinsic value and price stability, reducing reliance on mere speculation.
AI-Governed and Data-Driven: MID’s parameters, such as its bonding rates, staking APY, and supply adjustments, are determined not by slow human voting but by advanced AI agents. These agents continuously analyze market data, macroeconomic indicators, and on-chain metrics, making real-time, evidence-based decisions. Their goal is to keep MID stable, fairly valued, and responsive to evolving market conditions.
The "Bank" for AI Agents: MID can be thought of as the underlying “banking” layer for AI agents. With MID, these agents can pay each other for services, exchange data, and cooperate on complex tasks. Over time, this allows the entire AI-driven ecosystem to function more efficiently and productively, without the friction of human-mediated governance.
pMID → MID Conversion Mechanism: MID is introduced into the ecosystem through a simple and transparent model: 1 pMID = 1 MID. 1 pMID = 1 USDC during the sale. After the protocol launches, 1 pMID = 1 MID. There is no pre-allocation of pMID, ensuring fairness. This mechanism aligns MID’s value more closely with tangible assets, offering users confidence in its stability.
Long-Term Sustainability and Transparency: The entire process—asset backing, algorithmic adjustments, and AI decision-making—is auditable and transparent. MID’s design encourages community trust by making all rules, formulas, and data inputs publicly available. This fosters a sustainable, long-term economic environment where participants can rely on MID as a dependable store of value and medium of exchange.