Ethena Labs launches the HyENA trading platform, offering up to 12% annual yield on USDe collateral

2025-12-09 22:27:45

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Ethena Labs announced the launch of the HyENA trading platform, a decentralized exchange based on the Hyperliquid HIP-3 standard, supporting perpetual contract trading collateralized by USDe.

Features of the platform include a 12% annual yield for long-term USDe collateral, approximately 5% annual yield for other balances, and a one-click feature to migrate from USDC to USDe.

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