Hyperhub
Hyperhub/DEXes/hyna
활성 시장 25개
DEX 프로필

HyENA

Trade crypto and earn yield on your margin simultaneously

24시간 거래량
$987.9K
마켓
총 OI
$7.0M
미결제
자산
25
상장
독점
23
자산
Growth
1
시장
담보
USDe
증거금
01 /

실시간 시장

HyENA에 상장된 모든 활성 시장입니다. 열 제목을 클릭해 거래량, 미결제약정 또는 펀딩 비율로 정렬할 수 있습니다.

자산카테고리가격Max Lev교차거래
ETH
ETH
암호화폐독점
$1,824.70$406.7K$1.5M+0.0013%25x지원거래↗
SOL
SOL
암호화폐독점
$77.5070$249.7K$612.9K+0.0013%20x지원거래↗
HYPE
HYPE
암호화폐독점
$67.7720$131.7K$1.6M-0.0023%10x지원거래↗
BTC
BTC
암호화폐독점
$64,225.0$128.5K$2.2M+0.0013%40x지원거래↗
ZEC
ZEC
암호화폐독점
$531.1600$24.5K$49.5K+0.0003%10x지원거래↗
1000PEPE
1000PEPE
암호화폐독점
$0.002785$14.4K$48.8K-0.0081%10x지원거래↗
FARTCOIN
FARTCOIN
암호화폐독점
$0.15040$10.6K$14.8K+0.0042%10x지원거래↗
BNB
BNB
암호화폐독점
$580.300$4.3K$46.0K+0.0004%10x지원거래↗
SUI
SUI
암호화폐독점
$0.74515$3.9K$40.7K+0.0013%10x지원거래↗
BASED
BASED
암호화폐독점
$0.10013$3.7K$112.9K+0.0169%3x지원거래↗
XMR
XMR
암호화폐독점
$328.120$3.3K$267.4K+0.0013%5x격리 마진만거래↗
XPL
XPL
암호화폐독점
$0.092486$2.8K$37.9K+0.0100%10x지원거래↗
LIGHTER
LIGHTER
암호화폐독점
$2.645200$2.7K$22.2K+0.0169%5x격리 마진만거래↗
XRP
XRP
암호화폐독점
$1.102100$362.46$57.4K+0.0007%20x지원거래↗
PUMP
PUMP
암호화폐독점
$0.001447$281.24$77.6K+0.0013%10x지원거래↗
DOGE
DOGE
암호화폐독점
$0.073818$222.06$41.1K+0.0013%10x지원거래↗
LINK
LINK
암호화폐독점
$8.08040$100.33$24.4K-0.0016%10x지원거래↗
ENA
ENA
암호화폐독점
$0.081860$76.09$167.5K+0.0014%10x지원거래↗
LIT
LIT
암호화폐독점
$3.37$0.00$0.000.0000%3x격리 마진만거래↗
LTC
LTC
암호화폐독점
$44.8550$0.00$60.8K+0.0013%10x지원거래↗
IP
IP
암호화폐독점
$0.2947$0.00$0.000.0000%3x지원거래↗
BCH
BCH
암호화폐독점
$245.360$0.00$54.5K+0.0002%10x지원거래↗
ADA
ADA
암호화폐독점
$0.165260$0.00$32.4K+0.0013%10x지원거래↗
SILVER
SILVER
원자재$85.97$0.00$0.000.0000%25x지원거래↗
GOLD
GOLD
원자재$4,993.2$0.00$0.000.0000%25x지원거래↗
02 /

HyENA 소개

자산 범위, 아키텍처, 가격, 위험 및 수수료를 체계적으로 살펴봅니다.

01

Protocol Overview & Architecture

USDe-margined perpetuals that keep earning yield while positions stay open.

HyENA is a highly capital-efficient perpetual DEX built on Hyperliquid's HIP-3 framework by the Based team and powered by Ethena. Its core differentiator is the use of USDe (Ethena's synthetic dollar) as the sole collateral and quote asset.

All contracts on HyENA are linear derivatives where both margin and P&L are settled in USDe, giving traders direct USD-based exposure without any USDe/USD or USDe/USDT conversion friction. A unique advantage of this architecture is that users automatically earn native USDe yield and additional boosted rewards on their full margin balances while keeping positions open.

02

Markets & Asset Directory

Three asset tiers with leverage ranging from 3x to 40x.

  • Canonical Perps — Established blue-chip assets with deep liquidity on major centralized exchanges such as BTC/USDe, ETH/USDe, SOL/USDe, and HYPE/USDe.
  • Direct Spot Perps — Assets that have spot liquidity on major CEXs but lack a standard USDC-margined perp market on Hyperliquid.
  • Premarket Perps — Pre-TGE or newly launched tokens that do not yet have a robust spot oracle. If an assumed total supply changes, HyENA uses a formal Market Resolution process to halt and settle the premarket contracts upon the token's official spot listing.
03

Pricing & Oracle Mechanics

Tailored pricing models across canonical, direct-spot, and premarket assets.

HyENA utilizes Chaos Labs as its primary oracle provider and employs tailored pricing mechanisms for its different asset tiers.

  • Oracle Pricing Models
    • Canonical — Re-uses Hyperliquid's published oracle, a weighted median of CEX prices.
    • Direct Spot — Derived directly from a weighted median of CEX spot prices, polled approximately every 500 milliseconds.
    • Premarket — Uses an 8-hour exponential moving average (EMA) of its own mark price to bootstrap a self-referential oracle from internal trading activity.
  • Shared Mark Price Formula — Across all asset types, the mark price is calculated as the median of up to four components: (1) the oracle price plus a 150s EMA of the basis, (2) the HyENA DEX orderbook median, (3) a weighted median of external CEX perp prices, and (4) a 30s EMA of component 2.
04

Risk Controls & Protections

  • Isolated Margin Only — All positions utilize `noCross` isolated margin, meaning risks are strictly compartmentalized. Traders can add or remove margin dynamically from active positions as long as they stay above maintenance requirements.
  • Liquidations & ADL — Liquidations trigger when equity falls below the maintenance margin, ranging from 1.25% at 40x to 16.7% at 3x leverage. Under-margined positions are sent as market orders to the book. Large positions are liquidated partially, 20% at a time, with a 30-second cooldown. Because there is no backstop liquidator vault, Auto-Deleveraging (ADL) acts as the final solvency safeguard in extreme conditions.
  • Premarket Clamps — For volatile premarket assets, upside manipulation is restricted by two asymmetric clamps: the mark price is capped at 3x the 8-hour EMA, and the oracle price is capped at 4x its 1-month average.
05

Fees & Funding Rates

Standard Hyperliquid-style funding on regular markets, heavily dampened funding on premarkets.

  • Trading Fees — As a HIP-3 DEX, HyENA charges 1.11x the standard Hyperliquid base fees. Base taker fees start at 0.0500% and maker fees at 0.0167%, while traders retain the standard Hyperliquid rebate structure and can reduce fees by up to 40% via HYPE token staking.
  • Funding Rates — Funding is paid hourly to keep perpetual prices aligned with the underlying oracle.
    • Canonical & Direct Spot — Utilize the standard Hyperliquid funding calculation, which includes a fixed interest rate of 0.01% every 8 hours plus a premium, capped at ±4% per hour.
    • Premarket — Funding rates are aggressively dampened to 1% of the standard calculation to prevent extreme funding spikes and penalization in illiquid conditions.
◆

자산 범위

HyENA에 상장된 무기한 선물 시장의 카테고리 분포입니다.

암호화폐23
원자재2
✦
교차 증거금 안내

HyENA의 교차 증거금 적용 범위입니다.

교차 증거금 범위는 계정 모드에 따라 달라집니다. Standard Account에서는 동일한 HIP-3 DEX 내로 제한됩니다. Unified Account／Portfolio Margin에서는 같은 담보 자산을 사용하는 DEX끼리 공유할 수 있습니다. DEX Abstraction은 교차 증거금과 호환되지 않습니다. 배포자가 시장별로 활성화하므로 모든 상장 종목이 지원되는 것은 아닙니다.

USDe 증거금은 HyENA 내에서 공유됩니다. 다른 DEX가 USDe을 사용하면 Unified Account에서 범위가 확장될 수 있습니다. 시장별로 활성화되므로 HyENA의 모든 상장 종목이 출시 시 교차 증거금을 지원하는 것은 아닙니다.

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