Summary
This proposal seeks to include the mHYPER vault on Midas as an eligible asset within USP backing. The vault represents an on-chain investment product tracking a strategy curated by Hyperithm, providing exposure to professionally managed, yield-generating strategies. By integrating mHYPER into the backing framework, USP aims to enhance capital efficiency while maintaining a diversified and resilient collateral base.
Rationale
Adding the mHYPER vault to USP backing introduces institutionally curated, strategy-driven yield exposure into the collateral mix. As a vault managed by Hyperithm, mHYPER provides access to structured investment strategies that are designed to generate risk-adjusted returns, complementing existing backing assets. This integration supports diversification across yield sources, reducing reliance on single-strategy or single-asset exposure while improving overall capital efficiency. Additionally, the on-chain nature of the vault ensures transparency and composability, aligning with USP’s design principles of scalable, DeFi-native collateral management.
Transparency for mHYPER can be accessed via the following page: https://midas.app/transparency?token=mhyper
USP Reserve Backing Max Allowance Additions
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 5% | Midas mHYPER | On Chain | https://midas.app/mhyper |
USP Reserve Backing Distribution Table Additions
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 2.5% | Midas mHYPER | On Chain | https://midas.app/mhyper |
Pre Proposal:
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 65% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 7.5% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 5% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
| 2.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.fi/ |
Post Proposal:
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 65% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 7.5% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 5% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
| 2.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.fi/ |
| 2.5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 2.5% | Midas mHYPER | On Chain | https://midas.app/mhyper |