Ethena officially announced on X that HyENA, a decentralized exchange for perpetual contracts built by the Based team, using Hyperliquid's HIP-3 standard, and margined with USDe, has officially launched. Ethena stated that HyENA offers an annualized yield of up to 12% on USDe long margins, and approximately 5% on other balance types. HyENA will also integrate with Ethena's points program; more information will be released soon.