Historical bad-debt events

Midas's assessment for RD-F-067 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Not applicable as a lending-protocol bad-debt factor. Midas has no pool-level socialized-loss mechanism — mTokens are fully-backed RWA; NAV decline is borne by token holders individually, not socialized. No bad-debt events in Midas RWA history. Midas Capital incidents (2023, ~$1.26M total) belong to a separate unrelated protocol (Compound V2 fork) confirmed by profile §10 and hacksdatabase disambiguation. PD-024 non-lending factor-flip applies.

Sources #

Internal
Midas protocol profile §10 — incident disambiguation.research/protocols/midas/00-profile.md §10 — Midas Capital incidents explicitly NOT midas-rwa; Midas RWA incident table emptyretrieved 2026-05-16

Methodology #

Count and sum (USD) the number of documented bad-debt events where the protocol socialized losses across depositors.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol midas factor RD-F-067 score not_applicable collected_at 2026-05-16 09:34:55