Ether.fi just dropped $100 million into a new Liquid RWA vault built on Midas’ Vault OS infrastructure, marking the second time the restaking giant has tapped Midas to power one of its vaults. The product, launched June 5 in collaboration with Plume Network, gives ether.fi’s users access to tokenized yields from traditional financial instruments like overcollateralized credit pools, AAA-rated CLOs, and bond ETFs.
The $100M commitment comes from the protocol’s existing managed capital and liquidity provider base, which now exceeds $6 billion in total customer deposits.
What the vault actually does
Users access the vault directly through the ether.fi interface, no need to leave the platform or navigate a separate protocol. Under the hood, Midas’ Vault OS handles the infrastructure, while Plume Network’s Nest Vaults provide the underlying framework for real-world asset exposure.
This isn’t ether.fi’s first foray into Plume’s ecosystem. The protocol previously invested $25 million into Plume’s Nest protocol, specifically targeting nBASIS vaults. The new $100M allocation represents a fourfold increase in that commitment.
