Midas M1 USD Market Neutral

Midas M1 USD Market Neutral, represented by the token MM1-USD, is a structured DeFi yield product designed to generate returns denominated in US dollars while maintaining a market-neutral position. It is built for users who want exposure to decentralised-finance yield sources without taking a directional view on the price of any underlying crypto asset. The product targets anyone seeking transparent, USD-benchmarked yield from DeFi strategies rather than from holding volatile tokens.

MM1-USD is an Ethereum-ecosystem token that belongs to the Midas Liquid Yield Tokens category, meaning the token itself represents a share in a managed yield strategy rather than a unit of a standalone blockchain network. 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 the asset has no consensus algorithm of its own and a block time of zero, it settles and exists on an underlying host chain rather than operating an independent ledger.

The data stored for MM1-USD does not include a fee stream, fee rates, or revenue figures, so no fee-based measures such as price-to-fees or protocol revenue are available on this page. The token's price of 1.024 USD against a circulating supply of 25,607,061.41 tokens produces the recorded market capitalisation at this point in time. Because the fully diluted value equals the market capitalisation exactly, with an fdv-to-mcap ratio of 1.0 and no maximum supply ceiling recorded, there is no token overhang creating dilution pressure as of this snapshot. How yield is generated, what fees the strategy charges, and how those fees are distributed are not described in the data held here.