HyENA Crypto DEX
Airdrop (Retrodrop)

The platform hasn’t confirmed the launch of its native token yet, but it is very likely that rewards will be granted to the most active participants in its points program. Therefore, our team assumes that to participate in a potential HyENA airdrop, you need to farm points on the platform. This can be done in several ways:

• HyENA trading

Deposit $USDe on the HyENA DEX to trade available perpetual crypto contracts and passively earn 5% APY for holding funds on the exchange, thanks to the integration with Ethena. On top of that, you can receive a boosted APY of 12% on all long positions held for more than one hour.

If you are not an active crypto trader and do not want to put your holdings at risk, you can hedge your positions by opening opposite-direction trades on another DEX, for example, Extended, Variational, or any other perp DEX. This way, you can earn not only HyENA points, but also points from Extended/Variational/other DEXs, while generating yield from funding farming and holding $USDe on DEX HyENA.

Use this funding rate calculator to explore funding rates across multiple exchanges.

💡 PRO TIP: HyENA Hyperliquid DEX  provides boosted APY for long positions on its platform. For optimal yield, consider taking short positions on other perp DEXs while holding long positions on HyENA crypto platform.

• HyENA vault

Provide liquidity to the HyENA DEX vault to farm HyENA points + Ethena x70 shards + ~12% Vault APY.

❗️ Important: Funds in the HyENA Vault are used to operate the DEX. In the event of a platform issue or force majeure, your funds may be at risk.

Good luck! 🍀