Latest news with #Tezos
Yahoo
6 days ago
- Business
- Yahoo
Tokenization Firm Midas Brings Two New DeFi Products to Etherlink
Midas, a financial tokenization platform, said it is introducing two tokenized investment products on Etherlink, an Ethereum-compatible layer-2 overlay system for faster and cheaper transactions, built using the Tezos blockchain. The new products, mMEV and mRe7YIELD, are designed to offer opportunities in decentralized finance (DeFi) and are monitored by MEV Capital and Re7 Capital, respectively, each acting as appointed risk manager, according to a Wednesday press release. The move builds on Midas' earlier products, mBASIS and mTBILL, which have together attracted $11 million in total value locked (TVL) on Etherlink since their introduction. These tokenized certificates track financial strategies through ERC-20 tokens, allowing users to hold exposure through self-custodied, permissionless smart contracts while retaining compliance oversight. The new products follow a similar model. mMEV offers exposure to arbitrage and market-neutral opportunities across blockchain ecosystems, while mRe7YIELD tracks diversified DeFi yield strategies. In both cases, investors avoid dealing with multiple intermediaries or regional regulations by executing strategies via a single on-chain transaction. Etherlink, with its fast confirmation times and negligible transaction fees, has seen recent network upgrades, including near-instant withdrawal times. What once required contracting through multiple layers of intermediaries, each governed by their own local regulations, may soon be executed through a single smart contract call, said David Relkin, head of DeFi at Nomadic Labs, a Tezos developer group working on Etherlink. "Products like mMEV and mRE7YIELD finally make advanced yield-farming strategies accessible to institutional investors. We view them as one important step toward bringing wholesale finance fully on-chain,' Relkin said in the statement. For Midas, Etherlink provides the ideal environment for scalable financial applications, where strategies can be composed directly into lending, automated market making and structured vaults with minimal overhead and maximal accessibility, said Dennis Dinkelmeyer, CEO at Midas 'Etherlink offers the scalability and composability needed to bring structured, compliant strategies fully on-chain. With mMEV and mRe7YIELD, we're expanding secure, self-custodied exposure to institutional-grade products.' Dinkelmeyer said in a in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Manchester United end talks with Amazon over access-all-areas documentary
Manchester United have ended secret talks over a record-breaking Amazon Prime access-all-areas documentary next season after manager Ruben Amorim failed to give the green light. According to The Athletic, the Red Devils were locked in negotiations with Amazon towards the end of last campaign over an 'All or Nothing' series. Advertisement Amazon were willing to offer more than £10 million, but United pulled out of negotiations after concluding it could distract from the progress of the first team. Amorim was reportedly not comfortable with the potential intrusion on the first team and that mainly contributed towards their withdrawal from talks. Meanwhile, aspects of the commercial agreement and time pressure of the upcoming season were believed to be contributing factors as well. United's financial troubles are well documented, with the club's debut standing at more than £700m. Co-owner Sir Jim Ratcliffe even claimed in March the Premier League titans were in danger of going bust by Christmas had they not taken a series of cost-cutting measures. Advertisement They recently suffered another financial blow after their partnership with Blockchain company Tezos ended, with the club unveiling their new training kit without a sponsor. The news of Tezos' partnership ending came shortly after it emerged that Hotel chain Marriott would not extend its sponsorship deal. Agreeing a deal with Amazon would have lightened their financial concerns, but the idea was not feasible and didn't receive support from the football department.
Scottish Sun
01-07-2025
- Business
- Scottish Sun
Man Utd miss out on millions in major financial blow as eagle-eyed fans spot something very off about new training kit
United have parted ways with two sponsors over the last month SHIRT SHOW Man Utd miss out on millions in major financial blow as eagle-eyed fans spot something very off about new training kit Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MANCHESTER UNITED are set to miss out on MILLIONS after the launch of their new training kit. The Red Devils announced their 2025/2026 training attire without a sponsor, with many fans calling it "embarrassing". Sign up for Scottish Sun newsletter Sign up 5 Manchester United have suffered a huge financial blow amid the launch of their new training kit 5 The club's new training gear is without a sponsor after they were unable to find one in time 5 United held a £24m-a-year partnership with Tezos, but the agreement has now ended Sponsorship-wise, one brand will often sponsor the playing kits, whole another does the training kit. But United's partnership with Blockchain company Tezos, which was worth around £24million a year, came to an end on June 30. And, on Tuesday, the struggling Premier League club launched their new plum shade kit for Ruben Amorim's training sessions without any sponsor. This means they are currently missing out on a huge chunk of revenue. READ MORE FOOTBALL NEWS SUP TO SOMETHING Sky Sports 'bring back iconic football show' five years after it was axed And fans were quick to call it out, with one writing: "Not surprising. There's not many want to be associated with us." While a second raged: "Shambolic". Club sources suggested a new training kit sponsor would be agreed shortly after Tezos' sponsorship ended. But it's also understood there is nothing immediate in the works to agree a new sponsor, according to Manchester Evening News. 5 Leny Yoro joined Alejandro Garnacho and Mason Mount in showing off the new colours Join SUN CLUB for the Man Utd Files every Thursday plus in-depth coverage and exclusives from Old Trafford The Tezos-branded training kit was worn by United's first-team squad for the last three years, and the logo also featured on kit worn by the women's team. Agreeing a new training kit sponsor as soon as possible will be important to help balance the apparently cash-strapped books. Buzz Off! Brentford Demand £65M from Man Utd for Bryan Mbeumo | Transfers Exposed United shared a series of photos of players in the new strip and other variations such as coats and jackets, including the likes of Luke Shaw, Mason Mount and Leny Yoro. Wantaway star Alejandro Garnacho also featured in the promotion snaps, despite being placed on the transfer list and linked with a move away. Last month, Matheus Cunha was pictured in a Tezos-sponsored hoodie in unveiling pictures after signing from Wolves. But now any new signings are set to be pictured in sponsorless attire. The news of Tezos' sponsorship agreement ending comes after it emerged Marriott International would not be extending its 2019 sponsorship deal after its contract expired. Meanwhile, Snapdragon continues to sponsor the club's matchday kits, in a deal worth £300million over five years. Amorim's side start their Premier League season on August 17 at home to Arsenal.
The Irish Sun
01-07-2025
- Business
- The Irish Sun
Man Utd miss out on millions in major financial blow as eagle-eyed fans spot something very off about new training kit
MANCHESTER UNITED are set to miss out on MILLIONS after the launch of their new training kit. The Red Devils announced their 2025/2026 training attire without a sponsor, with many fans calling it "embarrassing". 5 Manchester United have suffered a huge financial blow amid the launch of their new training kit 5 The club's new training gear is without a sponsor after they were unable to find one in time 5 United held a £24m-a-year partnership with Tezos, but the agreement has now ended Sponsorship-wise, one brand will often sponsor the playing kits, whole another does the training kit. But United's partnership with Blockchain company Tezos, which was worth around £24million a year, came to an end on June 30. And, on Tuesday, the struggling Premier League club launched their new plum shade kit for Ruben Amorim's training sessions without any sponsor. This means they are currently missing out on a huge chunk of revenue. READ MORE FOOTBALL NEWS And fans were quick to call it out, with one writing: "Not surprising. There's not many want to be associated with us." While a second raged: "Shambolic". Club sources suggested a new training kit sponsor would be agreed shortly after Tezos' sponsorship ended. But it's also understood there is nothing immediate in the works to agree a new sponsor, according to Most read in Football 5 Leny Yoro joined Alejandro Garnacho and Mason Mount in showing off the new colours Join SUN CLUB for the Man Utd Files every Thursday plus in-depth coverage and exclusives from Old Trafford The Tezos-branded training kit was worn by United 's first-team squad for the last three years, and the logo also featured on kit worn by the women's team. Agreeing a new training kit sponsor as soon as possible will be important to help balance the apparently cash-strapped books . Buzz Off! Brentford Demand £65M from Man Utd for Bryan Mbeumo | Transfers Exposed United shared a series of photos of players in the new strip and other variations such as coats and jackets, including the likes of Wantaway star Alejandro Garnacho also featured in the promotion snaps, despite being placed on the transfer list and linked with a move away. Last month, But now any new signings are set to be pictured in sponsorless attire. The news of Tezos' sponsorship agreement ending comes after it emerged Marriott International would not be extending its 2019 sponsorship deal after its contract expired. Meanwhile, Snapdragon continues to sponsor the club's matchday kits, in a deal worth £300million over five years. Amorim's side start their Premier League season on August 17 at home to Arsenal. 5
The Sun
01-07-2025
- Business
- The Sun
Man Utd miss out on millions in major financial blow as eagle-eyed fans spot something very off about new training kit
MANCHESTER UNITED are set to miss out on MILLIONS after the launch of their new training kit. The Red Devils announced their 2025/2026 training attire without a sponsor, with many fans calling it "embarrassing". 4 4 Sponsorship-wise, one brand will often sponsor the playing kits, whole another does the training kit. But United's partnership with Blockchain company Tezos, which was worth around £24million a year, came to an end on June 30. And, on Tuesday, the struggling Premier League club launched their new plum shade kit for Ruben Amorim's training sessions without any sponsor. This means they are currently missing out on a huge chunk of revenue. And fans were quick to call it out, with one writing: "Not surprising. There's not many want to be associated with us." While a second raged: "Shambolic". Club sources suggested a new training kit sponsor would be agreed shortly after Tezos' sponsorship ended. But it's also understood there is nothing immediate in the works to agree a new sponsor, according to Manchester Evening News. 4 The Tezos-branded training kit was worn by United's first-team squad for the last three years, and the logo also featured on kit worn by the women's team. Agreeing a new training kit sponsor as soon as possible will be important to help balance the apparently cash-strapped books. Buzz Off! Brentford Demand £65M from Man Utd for Bryan Mbeumo | Transfers Exposed United shared a series of photos of players in the new strip and other variations such as coats and jackets, including the likes of Luke Shaw Mason Mount and Leny Yoro. Wantaway star Alejandro Garnacho also featured in the promotion snaps, despite being placed on the transfer list and linked with a move away. Last month, Matheus Cunha was pictured in a Tezos-sponsored hoodie in unveiling pictures after signing from Wolves. But now any new signings are set to be pictured in sponsorless attire. The news of Tezos' sponsorship agreement ending comes after it emerged Marriott International would not be extending its 2019 sponsorship deal after its contract expired. Meanwhile, Snapdragon continues to sponsor the club's matchday kits, in a deal worth £300million over five years. Amorim's side start their Premier League season on August 17 at home to Arsenal.
