Midl Airdrop

Problem Solved

Bitcoin’s base layer cannot run complex dApps due to limited scripting and slow, costly transactions. Existing workarounds (like sidechains or token bridges) force users to move BTC off-chain. Midl proposes a solution that will enable robust EVM-level smart contracts directly on Bitcoin Layer-1. This means no more wrapping or bridging BTC to other chains – Midl lets users interact with dApps using their regular Bitcoin wallets. Technically, Midl provides an abstraction layer where multiple Ethereum-like actions can be batched into a single Bitcoin transaction, greatly improving throughput and lowering fees.

Tokenomics

$MIDL is the core token used for validator staking, governance, and earning BTC-based rewards. Instead of inflation, fees from the network are redistributed to $MIDL stakers. Tokens are being distributed through a soft-stake program on testnet-users commit liquidity to earn future rewards, claimable only if they provide real liquidity at mainnet. Token supply details are not yet public. Overall, token utility is well-structured, but lack of transparency on allocations and emissions is something to be wary of.

Perspectives

Early signs are promising - several DeFi dApps (DEXs, staking platforms, etc.) are already live on Midl’s testnet, and over 20 projects are building or deploying ahead of mainnet. This indicates strong developer interest and a potential first-mover advantage in Bitcoin-native dApps. Regulatory momentum has shifted positively toward Bitcoin, with recent legal clarity favoring BTC over other crypto assets. Midl's approach-bringing DeFi directly onto Bitcoin’s base layer - puts it in a favorable position to benefit from this trend. Still, like any smart contract platform, long-term success depends on user adoption, protocol security, and whether developers continue to build beyond the initial hype.

Founders and Team

Midl was co-founded by Iva Wisher (Ivan Vishnevskii), who serves as CEO and is the driving force behind the project. He brings significant blockchain experience – notably, Wisher was previously COO of Prom, a layer-1 network built on Polygon technology. This background in launching and operating an L1 blockchain speaks to his technical and operational expertise. Under Wisher’s leadership, Midl Labs has assembled a lean team of engineers and advisors with roots in crypto and fintech. While individual team member profiles are not widely publicized, the involvement of high-profile investors (like Tim Draper’s firm) suggests confidence in the team’s capabilities.

Funding

In July 2025 Midl announced a $2.4 million seed funding round led by Draper Associates (the venture firm of Tim Draper) and Draper Dragon. This notable backing provides not only capital but also credibility – it places Midl on the radar as part of the “BTCFi” wave attracting institutional interest. The seed funds will be used to accelerate Midl’s development and ecosystem growth as mainnet nears. Beyond VC funding, Midl is also forming strategic ecosystem partnerships. In April 2025 the team announced a partnership with Beyond, a Bitcoin-focused tech project, to collaboratively build out Bitcoin dApps.

Community

Midl has cultivated a modest but active community. On X (Twitter), Midl’s account has close to 33,000 followers less than 1.5 years since launch – a sign of growing interest. Engagement is fueled by interactive campaigns: the team launched a gamified quest which sends users on missions across social platforms and quizzes about Midl and Bitcoin. An ambassador program was also introduced to reward community evangelists. Midl’s community channels on Discord and Telegram are lively with discussions as early adopters share strategies to maximize testnet rewards and speculate on airdrop details. Sentiment in these groups skews optimistic – many see Midl as a promising way to finally use Bitcoin for DeFi and are eager to be early.

Competitors

Midl's idea is not new. There have been similar attempts to bring DeFi capability on Bitcoin. Notable names include Stacks, RSK, and the Liquid Network, all of which use sidechains, wrapped tokens, or custom VMs. These solutions often introduce friction or centralization. Midl stands out by aiming to keep everything native to Bitcoin-letting users interact with dApps directly from their BTC wallets, without switching chains or assets. It’s a simpler, more intuitive approach that aligns more closely with how Bitcoin users already operate.

Other Details

There are two separate types of activities that we can participate in. One is the Liquidity Bootstrap campaign which asks users to deposit liquidity into dApps. The other is the MIDL Grounds game which involves social tasks and familiar quests that allow you to earn "gears" and level up your profile, which eventually could lead to bigger allocations.