[Apollo Crypto to Manage USDC-Denominated Tokenized Strategy mEVUSD] Odaily Planet Daily News – Apollo Crypto announced that it will manage a USDC-denominated tokenized yield strategy product called mEVUSD. This product was jointly developed by non-custodial staking infrastructure provider Everstake and on-chain investment platform Midas. The strategy aims to convert idle stablecoins into yield-generating digital assets and generate returns through funding spreads and interest rate arbitrage, rather than relying on the appreciation of crypto asset prices. According to the announcement, Apollo Crypto will act as the risk manager and strategy curator, responsible for actively managing the tokenized portfolio. The strategy will diversify lending and market-neutral basis trading across mainstream DeFi protocols such as Aave, Morpho, and Pendle to mitigate directional market risks. (The Block)