Midas Fasanara Global Open

Midas Fasanara Global Open is a product issued by Midas that provides tokenized exposure to Global Open, a strategy of the asset manager Fasanara. Tracked under the symbol MGLO, the token reflects the strategy's performance directly in the token price, that is, in its net asset value; the number of tokens held does not change, and there is no separate reward to claim.

Minting and redemption are permissioned and are carried out through Midas's deposit and redemption vault smart contracts. The net asset value is published on-chain by Midas's authorized oracle manager, and every transaction in the vaults is based on this value. The token was issued on Base and is also available on Ethereum, Optimism and Robinhood Chain.

Because the product is a tokenized representation that carries the risk of the underlying strategy, it should not be treated like a bank deposit or a stablecoin; its secondary market price can deviate from the published value. The MGLO price on Lzzo.com is based on DefiLlama's US dollar reference data and is for information only.