The DeFi space is at the verge of seeing some greeat changes coutesy of HyENA, a decentralised platform on the Hyperliquid ecosystem looking to change things up for traders and liquidity provider looking to explore opportunities in yield farming but have faced discouragement due to gas fees, and unproductive margin collateral on DEXs as the platform introduces margin perps trading, liquidity provision, and savings opportunities in the crypto space.
HyENA is a USDe-margined perpetuals platform built on Hyperliquid’s HIP-3, allowing users to access DeFi opportunities while combining Hyperliquid’s proven high-performance and user-friendly features with USDe as trading collateral.
Users who trade on HyENA can earn rewards on their USDe margin collateral while trading. This functionality has become popular on centralised exchanges, attracting billions of dollars in inflows and users earning millions worth of rewards on their USDe collateral.
HyENA introduced this functionality, promoting the productive nature of idle margin, capturing community interest, and unlocking billions in users’ creative value.
Participating in the HyENA task and community activities requires users to have a compatible EVM wallet on the Hyperliquid network and active social accounts to connect to for social activities such as Discord.
HyENA announced its first community activities, where users can participate in liquidity provision on its platform, join the Discord channel, and earn rewards from community activities. Here are the activities for early contributors:
The HyENA DeFi platform is launching HyENA points, a six-month program rewarding organic trading activity using USDe as core collateral on HyENA.
Each week, 100,000,000 HyENA points are distributed across eligible users, with results posted to leaderboards and account dashboards after each epoch. There will be 24 epochs, with each epoch lasting a week.
At the end of this points campaign, HyENA points will be eligible for claim.
To stay informed and updated on community happenings, these are community pages to get firsthand information.
HyENA is a decentralised blockchain platform built on the Hyperliquid ecosystem that allows users to access different yield opportunities.
While its snapshot is yet to be confirmed on its official channel, users are encouraged to participate in the early task and always check their account for airdrop distribution.
Many crypto airdrop farmers have shared how they have made thousands of returns by farming airdrops, showing that airdrops pay when tasks are completed on time.
Information on claiming USEe airdrop tokens will be posted on its official website and X account, and other official accounts will keep you updated.
If you are interested in similar farming projects, we recommend reading about our other recent or ongoing airdrops that are worth checking out. At UseTheBitcoin, we ensure you don’t miss out on some of the potential airdrops that are worth your time and attention, maximizing your gains.
