Midas mMEV
MMEV
Evaluation Score
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Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Midas mMEV (MMEV) is a tokenized market-neutral DeFi yield strategy product issued by Midas Software GmbH and managed by RockawayX. The protocol benefits from institutional security practices, including smart contract audits from Sherlock and Halborn, an FMA-approved prospectus framework, and active infrastructure deployments across multiple networks. However, the product suffers from virtually non-existent secondary market liquidity ($0 volume), a very small holder base, and heavy issuer centralization. Critically, the product has been scheduled for wind-down as of May 10, 2026, with users directed to transition to mROX. Per the deprecation and migration guidelines, holders should avoid the legacy token.
Development Activity
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Tokenomics
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Market & Use Case
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Team & Governance
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Security & Audits
Security history and audit status
About Midas mMEV (MMEV)
Midas mMEV (MMEV) is a tokenized investment product that is being discontinued with a wind-down scheduled for May 10, 2026, advising holders to transition to mROX. Issued by Berlin-based Midas Software GmbH, the token provides onchain exposure to a market-neutral DeFi yield and Maximal Extractable Value (MEV) strategy. Operating primarily on Ethereum, the token's smart contract deployments also span Plume Network and Etherlink.
The investment strategy is managed by appointed strategy manager RockawayX alongside risk advisor MEV Capital. MMEV employs an elastic mint-and-redeem supply mechanism without a fixed maximum supply or traditional protocol token governance utility. Midas Software GmbH operates under a prospectus framework approved by the Liechtenstein Financial Market Authority (FMA), with issuer-level security measures including independent smart contract audits by Sherlock and Halborn, a bug bounty program, and onchain monitoring via Blockaid.
Governance is entirely centralized under the issuer and strategy managers, with no decentralized governance mechanisms or community voting. In addition to its scheduled wind-down in May 2026, the token faces significant market limitations, including a total value locked (TVL) of roughly $2.5 million to $3.4 million, a very small holder base, zero secondary market trading volume, and trading halts on listed aggregators, leaving users dependent on primary redemptions.