What is Midas Hyperithm ETH?

Midas Hyperithm ETH, referred to as mHyperETH, is a liquid yield token that tracks the performance of ETH-based yield strategies across various on-chain ecosystems. It aims to generate risk-adjusted yield while maintaining a market-neutral stance on the price of ETH. The risk management and net asset value updates are overseen by Hyperithm.

The token operates on the Ethereum network and is fully transferable. Standard redemptions are processed within a window of up to seven business days, dependent on the Risk Manager's allocation of funds. Additionally, mHyperETH supports instant redemptions with a liquidity target of one to two percent of the circulating supply, typically replenished within two business days.