Hyperithm has announced an update to the net asset values (NAV) of its Midas Vaults, specifically for mHYPER, mXRP, and mHyperBTC. The company emphasized that there have been no drawdowns in these vaults, and it has fully unwound leveraged positions on Aave. The latest NAV report was generated by the Midas proof engine and independently verified by risk assessment firm LlamaRisk. Hyperithm is backed by investors including Coinbase Ventures, Samsung Next, and Hashed.