USDe-margined perpetual contract DEX HyENA is now open for testing, with a clear statement that no separate token will be issued.
Foresight News: The USDe-margined perpetual contract DEX HyENA, built on the Hyperliquid HIP-3 standard, is now open for testing. The project is primarily contributed by Based and allows users to trade using USDe as collateral while earning USDe yields. The HyENA market is secured by Valantis and stHYPE, and has launched a liquidity provider vault HLPe managed by Upshift.
HyENA is initially invite-only, launching trading pairs such as HYPE-USDE, BTC-USDE, ETH-USDE, and SOL-USDE, and has started a two-week fee rebate migration campaign as well as a first-month 12% APY margin reward campaign. In addition, the project has introduced a 6-month points program, distributing 100 million points weekly, which can be converted to Ethena platform points after the campaign ends. The official statement notes that there will be no separate HyENA token issued.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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