June 2026
mRE7ETH Transparency Report
By Delta Y
Highlights
mRE7ETH is a ETH-denominated Liquid Yield Token tracking a market-neutral ethereum yield strategy, managed by Re7 Labs. The vault was deployed on April 1, 2026, with regular price updates beginning on April 1, 2026.
During June 2026, mRE7ETH's AUM decreased from $9.62M to $7.55M. The inception-to-date return (net of fees) now amounts to 2.46% annualized.
Other relevant indicators can be seen in Table 1 below:
May 2026 | Jun 2026 (Δ) | |
|---|---|---|
Avg. NAV | $9.65M | $8.14M (-15.68%) |
Avg. APY | 1.63% | 3.05% (1.42 p.p.) |
Avg. Leverage | 1.00x | 1.00x (0.00%) |
Net Deposits | $918.22K | $5.67 (-100.00%) |
Performance
mRE7ETH reached a price of $1.0057 in its latest oracle update, reflecting a 0.15% return for the month of June. The trailing (7 days minimum) APY peaked at 4.22% during this period, with a minimum of 1.95%.
Table 2displays the vault's performance against other comparable yield strategies:
May 2026 | Jun 2026 | |
|---|---|---|
mRE7ETH wstETH | mRE7ETH wstETH | |
Avg. APY | 1.73% 2.51% | 3.10% 2.46% |
Std. Dev. APY | 1.86% 0.09% | 0.99% 0.10% |
Portfolio Allocation
The vault's main strategies during this period - ranked from highest to lowest by average NAV - were (Re)Staking ($31.21K or 0.38%) and Others ($2.91K or 0.04%).
As of the reporting date, the vault's capital is deployed across 1 blockchain.
The vault's largest asset holdings for the month were Unclassified ($8.09M or 99.58%), wstETH ($31.21K or 0.38%) and ETH ($2.76K or 0.03%), which have, on average, collectively represented 100.00%of the vault's total assets.
Other relevant indicators can be seen in Table 3 below:
31st May 2026 | 30th Jun 2026 | |
|---|---|---|
Assets | ||
ETH | $2.01 0.00% | $2.67K 0.04% |
WETH | $4.36K 0.05% | $5.34 < 0.01% |
wstETH | $917.41K 9.54% | $0.00 0.00% |
Unclassified | $8.70M 90.42% | $7.54M 99.96% |
Total Assets | $9.62M 100.00% | $7.55M 100.00% |
Activity
During June 2026, the vault processed $5.67 in deposits and $0.00 in withdrawals, resulting in $5.67 of net deposits over a total of 30 transactions.
As of period end, the mRE7ETH vault had 12 holder addresses, representing an increase of 20.00% from the start of the month.
Other relevant indicators can be seen in Table 4 below:
May 2026 | Jun 2026 (Δ) | |
|---|---|---|
Deposits | $918.22K | $5.67 (-100.00%) |
Withdrawals | $0.00 | $0.00 (N/A) |
Net Deposits | $918.22K | $5.67 (-100.00%) |
Avg. Holders NAV | $1.37M | $748.61K (-45.19%) |
Median Holders NAV | $514.19 | $855.92 (66.46%) |
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: mRE7ETH'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 mRE7ETH, 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.