Profile
mHYPER profile facts
Midas mHYPER (mHYPER) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar-denominated NAV.
- Collateral
- Hyperithm LLC-managed reference portfolio targeting delta-neutral absolute returns through basis arbitrage, market making and on-chain/off-chain yield strategies. The signed July 17, 2026 terms require delta neutrality and cap gross leverage at 8.0x. Tokenholders hold a qualified subordinated issuer certificate, not ownership of the underlying assets; product-specific Security and Collateral are not applicable.
- Peg mechanism
- NAV-linked German-law blockchain-based certificate, not a fixed $1 peg. The July 17, 2026 final terms specify USDC settlement, zero standard redemption fee, a one-Business-Day realisation period, a 23:59 CET/CEST cutoff and a gate of 15% of outstanding tokens per settlement day. The base prospectus requires payment within five Business Days after the realisation period, subject to applicable gates and market-disruption deferrals. Instant redemption separately charges 0.5% and can retain up to 50% under the Deferred Price Method; neither route guarantees unconditional immediate whole-position liquidity. An Ethereum instant redemption at block 26137236 on October 7, 2026 returned 9.015541 USDC; this small execution does not establish same-notional funded capacity.
- Jurisdiction
- Germany / Liechtenstein FMA (prospectus-approving authority only; issuer not FMA-licensed) / EU-Prospectus-Regulation-approved tokenized debt instrument (blockchain-based certificate under German law); EEA-restricted, not available to U.S. retail persons
- Proof of reserves
- Self-Reported PoR by Midas Attestation Engine: issuer NAV and 1token protocol-level assets/liabilities, published through Chainlink CRE; workflow verification is distinct from an independent financial audit Reserve source
- ISIN
- CH1475894585
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
mHYPER quick answers
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What is Midas mHYPER (mHYPER)?
mHYPER is a Midas NAV-accreting liquid-yield token wrapping Hyperithm market-neutral stablecoin strategies; permissioned mint/redeem, not a fixed $1 peg. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-linked German-law blockchain-based certificate, not a fixed $1 peg.
Is mHYPER safe?
As of Nov 10, 2026, Pharos grades mHYPER C (56/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs mHYPER?
Pharos records mHYPER's reserves as of Jul 20, 2026 as 100% Hyperithm market-neutral stablecoin strategy NAV. Reserve evidence: Self-Reported PoR. Pharos classifies the backing as Crypto-Collateralized.
Can mHYPER be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem mHYPER?
Under the route Pharos reviewed on Oct 9, 2026, customers the issuer has verified can redeem mHYPER for USDC. Settlement takes multiple days. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
