Midas M1 USD Market Neutral

Midas M1 USD Market Neutral (MM1-USD) is a tokenized DeFi yield strategy designed to generate returns denominated in US dollars without taking a directional bet on cryptocurrency prices. It is aimed at users who want exposure to DeFi yield sources while avoiding the price swings typically associated with crypto assets. The product claims to address the difficulty of accessing structured, risk-monitored DeFi yield in a transparent and regularly reported format.

MM1-USD is an Ethereum-ecosystem token belonging to the Midas Liquid Yield Token family, meaning it represents a share in an underlying yield strategy rather than functioning as a standalone blockchain with its own consensus mechanism. The strategy is deployed across multiple blockchain ecosystems and is overseen by M1 Capital, which acts as Risk Manager with responsibility for venue diversification and rebalancing within predefined limits. Because this is a managed strategy token rather than a layer-one asset, there is no block time or consensus algorithm associated with the token itself.

The data stored for this asset does not include a fee stream, fee rate, or revenue figure, so no fee-based metrics are available on this site for MM1-USD. The strategy description indicates that M1 Capital performs ongoing risk oversight and rebalancing, which in practice typically involves some form of management arrangement, but no specific fee terms are captured here. The circulating supply stands at approximately 25,428,331 tokens at the point-in-time snapshot, and the fully diluted valuation equals the market capitalisation of roughly 26,362,450 USD, reflecting that 100 percent of supply is already in circulation with no maximum supply cap and no dilution overhang.