Citing 528btc, Ethena has officially launched HyENA, a decentralized perpetual contract exchange built by the Based team using Hyperliquid's HIP-3 standard and USDe as collateral. Ethena stated that the annualized yield for long USDe collateral on HyENA can reach up to 12%, with other balances yielding approximately 5%. HyENA will also integrate with Ethena's points program, with more details to be announced.
Ethena Launches HyENA, a Perpetual DEX Using USDe as Collateral
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