Weekly Token Unlocks: HYPE to Unlock Tokens Worth Approximately $320 Million

Hyperliquid

Project Twitter: https://x.com/HyperliquidX

Project Website: https://hyperfoundation.org/

This Unlock Amount: 12.49 million tokens

This Unlock Value: Approximately $320 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 designed to accommodate all financial activities.

The specific release schedule is as follows:

Ethena

Project Twitter: https://x.com/ethena_labs

Project Website: https://www.ethena.fi/

This Unlock Amount: 170 million tokens

This Unlock Value: Approximately $42.91 million

The algorithmic stablecoin USDe, launched by Ethena Labs, currently relies on collateral such as BTC and stETH along with their inherent yield. It simultaneously creates short positions in Bitcoin and ETH to delta hedge and utilizes perpetual/ futures funding rates to maintain its peg and provide yield. Essentially, it uses the yield from the spot holdings to offset the losses from the equivalent short positions, achieving balance while capturing ETH staking rewards and funding rates from the short positions.

The specific release schedule is as follows:

This article is sourced from the internet: Weekly Token Unlocks: HYPE to Unlock Tokens Worth Approximately $320 Million

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