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

Ethena Labs has 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.