According to CEO "Trevor" Levin of Midas Investments, an investment company that concentrated on DeFi yields, is shutting down as a result of large losses sustained in 2022. Reportedly, in spring, the Midas DeFi portfolio tumbled to $50 million, or 20% of its $250 million in assets under management (AUM). Moreover, its network witnessed 60% of AUM removal after the failure of Celsius and FTX.