Midas mHYPER (mHYPER) stablecoin analytics
Answer First
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-accreting tokenized debt instrument (blockchain-based certificate under German law), not a fixed $1 peg; value tracks the Hyperithm-managed market-neutral reference portfolio.
Is mHYPER safe?
Pharos does not mark mHYPER as absolutely safe. Static metadata says Midas mHYPER uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Self-Reported PoR from Midas Attestation Engine: issuer NAV and 1token protocol-level assets/liabilities, published through Chainlink CRE; workflow verification is distinct from an independent financial audit; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Midas mHYPER (mHYPER) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
mHYPER is a Midas tokenized debt instrument tracking Hyperithm-managed market-neutral stablecoin strategies across on-chain markets and institutional execution venues. The mechanism is daily NAV appreciation, not a fixed $1 peg, and tokenholders hold a subordinated claim against Midas rather than ownership of the underlying assets.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Hyperithm-managed market-neutral stablecoin strategies across on-chain markets and institutional execution venues, operated through Fordefi MPC workspaces (manager holds an MPC share, Midas holds an admin/policy share). Tokenholders hold a qualified subordinated debt claim against Midas with no ownership of the underlying assets. The mHYPER Final Terms list Custodian, Collateral and Security Agent as n/a; a tokenholder Security Agent lien is not specified for this product.
- Peg Mechanism
- NAV-accreting tokenized debt instrument (blockchain-based certificate under German law), not a fixed $1 peg; value tracks the Hyperithm-managed market-neutral reference portfolio. Primary issuance and redemption follow Midas eligibility and KYC requirements. The product's Final Terms calculate cash redemption from a hypothetical best-efforts liquidation of the referenced assets, less tokenholder fees, with a 0.50% redemption fee and settlement currencies USD, USDC, USDT or EURO. Instant liquidity may use the issuer's on-chain oracle, but the legal redemption amount is not a guaranteed oracle price or fixed $1 floor.
- 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
Next Actions
Exact bot target: /subscribe dews,depeg,safety mhyper-midas
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
mHYPER quick answers
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-accreting tokenized debt instrument (blockchain-based certificate under German law), not a fixed $1 peg; value tracks the Hyperithm-managed market-neutral reference portfolio.
Is mHYPER safe?
Pharos does not mark mHYPER as absolutely safe. Static metadata says Midas mHYPER uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Self-Reported PoR from Midas Attestation Engine: issuer NAV and 1token protocol-level assets/liabilities, published through Chainlink CRE; workflow verification is distinct from an independent financial audit; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs mHYPER?
Pharos classifies mHYPER backing as Crypto-Collateralized. Collateral, per the static profile: Hyperithm-managed market-neutral stablecoin strategies across on-chain markets and institutional execution venues, operated through Fordefi MPC workspaces (manager holds an MPC share, Midas holds an admin/policy share). Reserve evidence: Self-Reported PoR from Midas Attestation Engine: issuer NAV and 1token protocol-level assets/liabilities, published through Chainlink CRE; workflow verification is distinct from an independent financial audit.
Can mHYPER be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for mHYPER, when applicable, appear in the dossier below.
