June 2026
mEDGE Transparency Report
By Delta Y
Highlights
mEDGE is a USD-denominated Liquid Yield Token tracking a multi-chain stablecoin yield strategy through diversified DeFi and CeFi positions across multiple protocols and exchanges, managed by Edge Capital. The vault was deployed on January 21, 2025, with regular price updates beginning on January 27, 2025, and data on protocols' allocations available since August 9, 2025.
During June 2026, mEDGE's AUM decreased from $4.31M to $2.26M. The inception-to-date return (net of fees) now amounts to 8.46% annualized.
Other relevant indicators can be seen in Table 1 below:
May 2026 | Jun 2026 (Δ) | |
|---|---|---|
Avg. NAV | $6.15M | $2.90M (-52.77%) |
Avg. APY | 7.70% | 8.78% (1.07 p.p.) |
Avg. Leverage | 1.00x | 1.00x (0.00%) |
Net Deposits | -$4.00M | -$2.07M (48.17%) |
Performance
mEDGE reached a price of $1.1221 in its latest oracle update, reflecting a 0.70% return for the month of June. The trailing (7 days minimum) APY peaked at 13.68% during this period, with a minimum of 0.54%.
Table 2displays the vault's performance against other comparable yield strategies:
May 2026 | Jun 2026 | |
|---|---|---|
mEDGE sUSDe | mEDGE sUSDe | |
Avg. APY | 8.24% 3.92% | 8.60% 3.86% |
Std. Dev. APY | 2.29% 0.38% | 4.64% 0.30% |
Sharpe Ratio 1 | 2.14 0.77 | 1.14 0.84 |
1 Considered the 30D Avg. Secured Overnight Financing Rate (SOFR) as the risk-free rate for calculation purposes.
Portfolio Allocation
The vault's main strategies during this period - ranked from highest to lowest by average NAV - were Unallocated ($768.09K or 26.46%), Perps ($449.18K or 15.47%) and (Re)Staking ($391.01K or 13.47%).
As of the reporting date, the vault's capital is deployed across 19 blockchains and 10 protocols, with exposure over the past month ranging between 7-19 blockchains and 8-11 protocols.
More notably, mEDGE's capital allocation across the top 5 most common protocols is detailed in Figure 1:
Figure 1: Average NAV allocated by mEDGE to the top 5 protocols over the last 2 months.
The vault's largest asset holdings for the month were USDC ($1.22M or 42.04%), Unclassified ($975.70K or 33.61%) and LIT ($534.48K or 18.41%), which have, on average, collectively represented 94.07%of the vault's total assets.
Other relevant indicators can be seen in Table 3 below:
31st May 2026 | 30th Jun 2026 | |
|---|---|---|
Assets | ||
USDC | $1.19M 27.48% | $800.12K 35.39% |
LIT | $492.52K 11.41% | $664.69K 29.40% |
UFART | $206.17K 4.78% | $106.80K 4.72% |
WFLR | $23.64K 0.55% | $13.50K 0.60% |
HYPE | $0.00 0.00% | $646.75 0.03% |
Unclassified | $2.39M 55.45% | $662.27K 29.30% |
Others | $14.84K 0.34% | $12.53K 0.55% |
Total Assets | $4.32M 100.00% | $2.26M 100.00% |
Liabilities & Vault's NAV | ||
USDS | $0.35 < 0.01% | $0.35 < 0.01% |
Total Liabilities | $0.35 < 0.01% | $0.35 < 0.01% |
Vault's NAV | $4.32M 100.00% | $2.26M 100.00% |
Total Liabilities & Vault's NAV | $4.32M 100.00% | $2.26M 100.00% |
Activity
During June 2026, the vault processed $12.51K in deposits and $2.09M in withdrawals, resulting in -$2.07M of net deposits over a total of 120 transactions.
As of period end, the mEDGE vault had 2450 holder addresses, representing a decrease of 1.84% from the start of the month.
Other relevant indicators can be seen in Table 4 below:
May 2026 | Jun 2026 (Δ) | |
|---|---|---|
Deposits | $21.27K | $12.51K (-41.18%) |
Withdrawals | $4.02M | $2.09M (-48.13%) |
Net Deposits | -$4.00M | -$2.07M (48.17%) |
Avg. Holders NAV | $2.45K | $1.19K (-51.66%) |
Median Holders NAV | $0.05 | $0.04 (-20.00%) |
Disclosures
Security: Midas smart contracts have been audited by Sherlock and Côme du Crest. Onchain transactions are secured via multi-sig / MPC wallets (e.g., Fordefi, Fireblocks).
Fees: Midas vaults may be subject to management and performance fees, which are automatically deducted and reflected in net returns.
Accounting: mEDGE's price is updated periodically onchain. Price increases stepwise rather than reflecting real-time mark-to-market.
Risks: Smart contract risk (potential total loss), market risk (depegs, rate volatility), and counterparty risk (centralized components in some protocols).
Data Sources: Unless otherwise stated, all data presented in the report is obtained from on-chain sources. Any supplementary sources are explicitly noted where applicable.
Disclaimer
This report is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information contained herein is not an offer to sell or a solicitation of an offer to buy any security, nor shall any securities be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful.
Investing in decentralized finance (DeFi) products, including mEDGE, involves significant risks, including but not limited to smart contract vulnerabilities, market volatility, and regulatory uncertainty. Past performance is not indicative of future results, and investors may lose some or all of their principal.
The data and analyses presented in this report are based on information believed to be reliable, but their accuracy, completeness, and timeliness are not guaranteed. The strategies and allocations described are subject to change without notice. All investment decisions should be made with the help of a qualified professional and based on your own research and risk tolerance.