Ethena launches HyENA, a perpetual contract exchange using USDe as collateral.

Odaily Planet Daily News: Ethena officially announced on X that HyENA, a perpetual contract decentralized exchange built by the Based team, using Hyperliquid's HIP-3 standard and USDe as collateral, has officially launched.

Ethena states that HyENA's USDe long margin offers an annualized yield of up to 12%, while other balance types offer approximately 5% annualized yield. HyENA will also be integrated with Ethena's points program; more information will be released soon.