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Underlying asset

mHYPER

Issued by Midas. The facts below were checked on the date shown, from the sources listed.

mHYPER 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, an exchange holding the assets
Redemption
redeemed only by approved holders
Where the money sits
mHYPER_SMA1_EVM strategy wallet (Midas): 22.19m of 31.52m NAV on 9 Oct 2026; on Ethereum, Pendle 9.85m and Morpho 1.50m
Ethereum · 0x68e7e72938db36a5cbbca7b52c71dbbaadfb8264 · source
mHYPER_SMA1_EVM on Monad: Morpho 8.83m and Pendle 1.96m on 9 Oct 2026
Monad · 0x68e7e72938db36a5cbbca7b52c71dbbaadfb8264 · source
mHYPER Redemption Vault: 290.9k USDC of redemption liquidity plus 128.5k mHYPER awaiting redemption, 9 Oct 2026
Ethereum · 0x6be2f55816efd0d91f52720f096006d63c366e98 · source
mHYPER Redemption Vault on Plasma: 0.06m on 9 Oct 2026
Plasma · 0x880661f9b412065d616890ca458dccd0146cb77c · source
mHYPER proceeds recipient: 43.2k USDC on 9 Oct 2026
Ethereum · 0xf356c5e9f69dadb332bb098c7ed960db1d3376dd · source
mHYPER_SMA6_EVM strategy wallet: 5k on 9 Oct 2026
Ethereum · 0x4dba22abb7da26cca7b55161e733591522bc82dd · source
8.89m of mHYPER's 31.52m NAV (28%) sat at three centralised exchanges Midas does not name on 9 Oct 2026; Midas's proof-of-reserve repository says 1Token tracks Hyperithm's exchange positions directly (https://api-prod.midas.app/api/transparency/by-timestamp?token=mHYPER&timestamp=2026-10-09T17:00; https://github.com/midas-apps/midas-por-v2/blob/main/README.md).
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 mAPOLLO 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
none recorded
Other assets from the same issuer: mAPOLLO, mHyperBTC
Chains
Ethereum
Checked
2026-09-22, from the issuer's own documents
Sources
https://docs.midas.app/resources/legal-product-documentation/mhyper
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/mHYPER/mHYPER.sol

Pendle markets on it

No live Pendle market on this asset as of 26 Oct 2026.

The fixed rate, read on chain

No daily record of a market on this asset yet: the record starts when this site first reads the market's contract.

Not found

What the research has not answered for this asset, said rather than left blank.