MNKN
Dashboards / Pendle / mAPOLLO
mAPOLLO
EthereumMatures 18 Mar 2027, 140 daysUnderlying mAPOLLO at $1.1279
Implied APY
7.04%
fixed rate to maturity
Underlying APY
8.23%
-1.19 pts implied minus underlying
Max APY (LP)
8.28%
Liquidity
$2.90M
TVL
$2.90M
24h volume
$0
Implied 7.04% against 8.23% underlying
Implied and underlying APY, daily
ImpliedUnderlying
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
$2.90M locked in this market
Market TVL, USD, daily
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
The collateral
The underlying asset is the risk in a Pendle position. What backs mAPOLLO, in Pendle's words and ours.
Class Stablecoin (issuer unverified)pointsstablesmidas
What it is
Yield-bearing token with a dynamically managed strategy curated by Apollo Crypto on Midas. Active allocation of collateral across DeFi protocols to capture stable, market-neutral yield opportunities.
Quirks
- Minor rewards from points will be directly reflected in price updates
- Major rewards are converted into USDC and distributed through Merkl
- Points earned from this pool change dynamically due to the nature of the underlying asset, refer here for the most updated list of points.
Risk involved
Potential risks and events which may lead to the yield going negative or depositors losing money: While mAPOLLO is intended to be an “up-only” token in terms of exchange rate (similar to other Midas-issued tokens such as mEDGE and mMEV), several risks could still affect performance:
- Underlying Strategy Risk: The reference portfolio comprises market-neutral, stablecoin-focused DeFi strategies. Unexpected market events, protocol failures, liquidity shortfalls, or mispricing could lead to reduced returns or losses in the underlying strategies.
- Protocol Risk: Smart contract vulnerabilities, oracle failures, or integration issues with DeFi protocols used in the reference strategies could negatively affect performance.
- Counterparty Risk: The appointed risk manager, Apollo Crypto, and any underlying protocol counterparties could fail to deliver expected execution or risk controls.
- Regulatory/Legal Risk: Changes in applicable laws or enforcement actions could restrict certain strategies or limit product operations.
- Operational Risk: Failures in execution, custody, or settlement infrastructure could cause delays or losses.
Although the token's exchange rate is designed to move upward as yield accrues in the reference portfolio, adverse events in any of the above categories could reduce or eliminate returns.
From underlying protocol
Sources: Pendle V2 API (market data and notes). Nothing here is investment advice.