Midas mHYPER

Midas mHYPER is a tokenised certificate issued by Midas that is designed to give holders on-chain exposure to a set of market-neutral, stablecoin-focused strategies running across decentralised finance markets. It is intended for people who want access to diversified DeFi yield strategies without taking a directional view on any single crypto asset. The risk management for the underlying strategies is handled by Hyperithm, a digital asset manager operating out of Tokyo and Seoul.

mHYPER is issued on Ethereum and exists within the Ethereum ecosystem, and it references the performance of strategies that Hyperithm monitors and manages on behalf of token holders. As a tokenised certificate rather than a native blockchain protocol, it does not rely on its own consensus algorithm or block production — the data shows a block time of zero, confirming it settles on an existing network rather than operating its own chain. The token itself represents a claim on the performance of the referenced strategies, so its value is intended to track how those strategies perform over time.

The data provided does not include a fee stream, revenue figures, or information about what the protocol charges or retains, so no fee-based financial measures can be reported for mHYPER on this site. What the data does show is that, at the recorded point in time, the fully diluted valuation equals the market capitalisation — the fdv_to_mcap ratio is 1.0 — and the dilution overhang stands at 0.0 percent, meaning no additional supply is pending or reserved beyond the circulating amount.