Ethena
Project Twitter: https://x.com/ethena_labs
Project website: https://www.ethena.fi/
Number of tokens unlocked this time: 170 million
Unlocked amount: Approximately US$17.25 million
Ethena Labs' algorithmic stablecoin USDe currently relies on BTC, stETH, and their inherent yields as collateral. It simultaneously creates short positions in both Bitcoin and ETH to balance the Delta and utilizes perpetual/futures funding rates to maintain the peg and provide yield. Essentially, it uses spot profits to hedge against a 100% loss on short positions, achieving balance while still allowing users to earn ETH staking rewards and short position funding rates.
The specific release curve is as follows:
Hyperliquid
Project Twitter: https://x.com/HyperliquidX
Project website: https://hyperfoundation.org/
Number of tokens unlocked this time: 420,000
Unlocked amount: Approximately US$17.29 million
Hyperliquid is a high-performance blockchain whose vision is to create a fully on-chain, open financial system. Liquidity, user applications, and trading activity work together on a unified platform, designed to accommodate all financial transactions.
The specific release curve is as follows:
