What is Midas Hyperithm ETH?

Midas Hyperithm ETH, known as mHyperETH, is a liquid yield token that tracks the performance of ETH-denominated, market-neutral yield strategies across various on-chain ecosystems. The allocation strategy aims to generate risk-adjusted yield without exposing itself to fluctuations in ETH’s price. The appointed Risk Manager, Hyperithm, oversees the strategy and provides net asset value updates, while Midas reviews consistency before updating and propagating prices on-chain.

mHyperETH operates on the Ethereum blockchain and is fully transferable. Standard redemptions are processed within a timeframe of up to seven business days, depending on fund availability set aside by the Risk Manager. Additionally, the token allows for instant redemptions, targeting liquidity of one to two percent of the circulating supply, with replenishment typically occurring within two business days.