Yield-Perp protocol Nunchi has launched an interest rate derivatives service, Yield Perps, through a strategic partnership with on-chain trading platform Based, the protocol announced on its official X account. The service is built on Hyperliquid's HIP-3 framework and allows users to trade derivative interest rates, staking yields, and funding rates in real-time. Nunchi explained that while traditional DeFi methods required users to lock up assets for a set period to earn returns, Yield Perps is designed to allow users to take long or short positions on yield metrics while maintaining capital liquidity.
Nunchi partners with Based to launch Yield Perps derivatives service
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