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Underlying asset

mHyperBTC

Issued by Midas. The facts below were checked on the date shown, from the sources listed.

mHyperBTC is issued by Midas. What stands behind it: a managed fund. It is valued in BTC, not in dollars. How it is redeemed is not documented in a source that meets the standard.

Facts

Issuer
Midas
What stands behind it
a managed fund
Strategy
market-neutral trading, run by a manager
Valued in
BTC
Position in the capital stack
not a tranche
Who has to keep a promise
a manager off chain, a regulated issuer
Redemption
redemption not documented
Who can change it
a timelock · 48 h delay · the same timelock governs mAPOLLO and mHYPER 0xe3eee3e0d2398799c884a47fc40c029c8e241852 (Ethereum)
Audits
Sherlock, 2024-08
Sherlock, 2024-05
Also named by the issuer, without a linked report: Hacken, Côme Du Crest
Bug bounty
up to $500,000 on Sherlock
Depends on
none recorded
Other assets from the same issuer: mAPOLLO, mHYPER
Chains
Ethereum
Checked
2026-09-22, from the issuer's own documents
Sources
https://docs.midas.app/resources/legal-product-documentation/mhyperbtc
https://docs.midas.app/transparency/asset-transparency
https://docs.midas.app/security/security-framework
https://docs.midas.app/resources/smart-contracts-registry
https://docs.midas.app/llms-full.txt
https://github.com/sherlock-protocol/sherlock-reports/blob/main/audits/2024.05.31%20-%20Final%20-%20Midas%20Audit%20Report.pdf
https://github.com/sherlock-protocol/sherlock-reports/blob/main/audits/2024.08.27%20-%20Final%20-%20Midas%20-%20Instant%20Minter/Redeemer%20Audit%20Report.pdf
https://github.com/midas-apps/contracts/blob/main/contracts/products/mHyperBTC/mHyperBTC.sol
https://www.mfsa.mt/wp-content/uploads/2026/01/Midas-Software-GmbH-Final-Terms-Document-dated-25-November-2025-mHyperBTC.pdf

Pendle markets on it

No live Pendle market on this asset as of 6 Oct 2026.

Not found

What the research has not answered for this asset, said rather than left blank.