Underlying asset
mAPOLLO
Issued by Midas. The facts below were checked on the date shown, from the sources listed.
mAPOLLO is issued by Midas. What stands behind it: a managed fund. Only approved holders can redeem it; others leave by selling.
Facts
- Issuer
- Midas
- What stands behind it
- a managed fund
- Strategy
- market-neutral trading, run by a manager
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- a manager off chain, a regulated issuer
- Redemption
- redeemed only by approved holders
- Where the money sits
- mAPOLLO_1 strategy wallet (Midas): 5.03m of the 6.70m NAV on 9 Oct 2026, net of loans; Aave, Morpho, Euler and Pendle legs across chains
Ethereum · 0xd6c757043e7d59088969b188923c62fa960afe9b · source
mAPOLLO_1 on Monad: Aave, Euler and Pendle loops (Monad legs of all wallets 2.59m net on 9 Oct 2026)
Monad · 0xd6c757043e7d59088969b188923c62fa960afe9b · source
mAPOLLO_3 strategy wallet (Midas): 1.17m net on 9 Oct 2026
Ethereum · 0x0e9550b1e31d323af15eb615f95bb16d25d5456f · source
mAPOLLO_2 strategy wallet (Midas): 0.22m net on 9 Oct 2026
Ethereum · 0x0fe15b65136ab92a3f9ce83cceb9e0663f1efaa6 · source
mAPOLLO Redemption Vault: pays redemptions; empty on 9 Oct 2026
Ethereum · 0x5aea6d35ed7b3b7ae78694b7da2ee880756af5c0 · source
Midas's transparency API puts the rest in a Solana wallet on Kamino (0.28m) and 3k at an exchange it does not name; the strategy is a loop of 47.3m of collateral (29.0m of it Ethena USDe) against 40.6m borrowed, partly on chains this site does not read (https://api-prod.midas.app/api/transparency/by-timestamp?token=mAPOLLO×tamp=2026-10-09T17:00).
Researched on 2026-10-09; the amounts in the labels are as of that day. - Who can change it
- a timelock · 48 h delay · the same timelock governs mHYPER 0xe3eee3e0d2398799c884a47fc40c029c8e241852 (Ethereum)
- Audits
- Sherlock, 2024-08
Sherlock, 2024-05
Also named by the issuer, without a linked report: Hacken, Côme Du Crest - Bug bounty
- up to $500,000 on Sherlock · the programme
- Depends on
- Ethena (sUSDe), Re, Saturn (sUSDat), Agora (AUSD)
Other assets from the same issuer: mHYPER, mHyperBTC - Chains
- Ethereum
- Checked
- 2026-09-22, from the issuer's own documents
- Sources
- https://docs.midas.app/resources/legal-product-documentation/mapollo
https://docs.midas.app/transparency/asset-transparency
https://docs.midas.app/security/security-framework
https://docs.midas.app/resources/smart-contracts-registry
https://docs.midas.app/llms-full.txt
https://github.com/sherlock-protocol/sherlock-reports/blob/main/audits/2024.05.31%20-%20Final%20-%20Midas%20Audit%20Report.pdf
https://github.com/sherlock-protocol/sherlock-reports/blob/main/audits/2024.08.27%20-%20Final%20-%20Midas%20-%20Instant%20Minter/Redeemer%20Audit%20Report.pdf
https://github.com/midas-apps/contracts/blob/main/contracts/products/mAPOLLO/mAPOLLO.sol
Pendle markets on it
Live Pendle markets on this asset, as of 26 Oct 2026. Names and dates only. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2027-03-18 | PT-mAPOLLO-18MAR2027 |
The fixed rate, read on chain
This site reads each market's own contract every hour and keeps the day's last reading, one point a day, ending at the last complete day. These are not Pendle's figures. The record describes what the rate was; it does not compare markets or say what it will be.
| Chain | Maturity | Principal token | Recorded | |
|---|---|---|---|---|
| Ethereum | 2027-03-18 | PT-mAPOLLO-18MAR2027 | 7.03% on 2026-09-24 to 7.04% on 2026-10-25 |
Not found
What the research has not answered for this asset, said rather than left blank.
- All six questions are answered for this asset.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.