HyENA, a new invite-only perpetual DEX built on $HYPE HIP-3 and Ethena Labs, just launched. It uses USDe as margin collateral, allowing traders to earn a boosted 12% APY on eligible long positions while trading. The platform aims to unlock billions in idle stablecoin capital by turning unused collateral into yield. Early users benefit from fee rebates, reward points, and no-cost migration from other exchanges.

HYPE-7.06%
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