Hyperliquid
Project Twitter: https://x.com/HyperliquidX
Project Website: https://hyperfoundation.org/
This Unlock Amount: 9.92 million tokens
This Unlock Value: Approximately $300 million
Hyperliquid is a high-performance blockchain built with the vision of creating a fully on-chain open financial system. Liquidity, user applications, and trading activities synergize on a unified platform, aiming to accommodate all financial operations.
The specific release curve is as follows:
Ethena
Project Twitter: https://x.com/ethena_labs
Project Website: https://www.ethena.fi/
This Unlock Amount: 212 million tokens
This Unlock Value: Approximately $31.06 million
The algorithmic stablecoin USDe, launched by Ethena Labs, currently relies on collateral such as BTC and stETH, along with their inherent yields. It simultaneously creates Bitcoin and ETH short positions to balance Delta and utilizes perpetual/futures funding rates to maintain the peg and provide yields. Essentially, it uses the yield from the long spot position to hedge against the losses from the equivalent short position, achieving balance while capturing ETH staking rewards and the funding rate from the short position.
The specific release curve is as follows:
