Buidlpad launches 'mHYPER' on-chain yield vault with Midas, Hyperithm

Launchpad and DeFi platform Buidlpad announced today the launch of 'mHYPER,' an institutional-grade on-chain yield vault, on its platform in collaboration with Midas and Hyperithm. mHYPER is a stablecoin deposit vault based on a delta-neutral strategy, which hedges against price direction risk to generate returns from other market factors. The vault has recorded an annualized yield of 5% to 13% over the past three months. Users can deposit Ethereum-based USDC or Plasma (XPL)-based USDT0 on Buidlpad to receive mHYPER tokens and earn a share of the vault's operating profits. The vault has a hard cap of $20 million and does not impose a minimum deposit amount or lock-up period.