October 2026
mRE7YIELD Transparency Report
By Delta Y
Highlights
mRE7YIELD is a USD-denominated Liquid Yield Token tracking a multi-chain stablecoin yield strategy through diversified off-chain and on-chain positions, managed by Re7 Labs. The vault was deployed on February 6, 2025, with regular price updates beginning on February 12, 2025, and data on protocols' allocations available since August 9, 2025.
During October 2026, mRE7YIELD's AUM increased from $8.20M to $8.21M. The inception-to-date return (net of fees) now amounts to 4.80% annualized.
Other relevant indicators can be seen in Table 1 below:
Sep 2026 | Oct 2026 (Δ) | |
|---|---|---|
Avg. NAV | $8.21M | $8.20M (-0.02%) |
Avg. APY | 3.41% | 3.28% (-0.13 p.p.) |
Avg. Leverage | 1.00x | 1.00x (0.00%) |
Net Deposits | -$26.97K | -$8.34K (69.10%) |
Performance
mRE7YIELD reached a price of $1.0835 in its latest oracle update, reflecting a 0.15% return for the month of October. The trailing (7 days minimum) APY peaked at 3.91% during this period, with a minimum of 2.14%.
Table 2displays the vault's performance against other comparable yield strategies:
Sep 2026 | Oct 2026 | |
|---|---|---|
mRE7YIELD sUSDe | mRE7YIELD sUSDe | |
Avg. APY | 3.47% 4.79% | 3.22% 4.95% |
Std. Dev. APY | 1.58% 0.15% | 0.83% 0.12% |
Sharpe Ratio 1 | 0.05 7.67 | -0.84 9.29 |
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 ($150.59K or 1.84%), Others ($444.44 or < 0.01%) and Claimable Rewards ($19.72 or < 0.01%).
As of the reporting date, the vault's capital is deployed across 5 blockchains and 1 protocol.
More notably, mRE7YIELD's capital allocation across the top 2 most common protocols is detailed in Figure 1:
Figure 1: Average NAV allocated by mRE7YIELD to the top 2 protocols over the last 2 months.
The vault's largest asset holdings for the month were Unclassified ($8.05M or 98.16%), USDC ($115.99K or 1.41%) and USDT ($34.60K or 0.42%), which have, on average, collectively represented 99.99%of the vault's total assets.
Other relevant indicators can be seen in Table 3 below:
30th Sep 2026 | 31st Oct 2026 | |
|---|---|---|
Assets | ||
USDT | $0.00 0.00% | $179.87K 2.19% |
USDC | $106.33K 1.30% | $156.49K 1.91% |
ETH | $450.30 < 0.01% | $387.92 < 0.01% |
XTZ | $24.57 < 0.01% | $22.14 < 0.01% |
GEAR | $22.60 < 0.01% | $18.17 < 0.01% |
Unclassified | $8.09M 98.70% | $7.88M 95.90% |
Others | $0.10 0.00% | $1.08 0.00% |
Total Assets | $8.20M 100.00% | $8.21M 100.00% |
Activity
During October 2026, the vault processed $0.00 in deposits and $8.34K in withdrawals, resulting in -$8.34K of net deposits over a total of 81 transactions.
As of period end, the mRE7YIELD vault had 214 holder addresses, representing a decrease of 0.93% from the start of the month.
Other relevant indicators can be seen in Table 4 below:
Sep 2026 | Oct 2026 (Δ) | |
|---|---|---|
Deposits | $0.00 | $0.00 (N/A) |
Withdrawals | $26.97K | $8.34K (-69.10%) |
Net Deposits | -$26.97K | -$8.34K (69.10%) |
Avg. Holders NAV | $37.97K | $38.40K (1.12%) |
Median Holders NAV | $0.01 | $0.00 (N/A) |
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: mRE7YIELD'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 mRE7YIELD, 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.