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Ethena HyEna

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Claim period
From Jan 20 2026, 12:00 AMuntil Feb 17 2027, 12:00 AM

HyENA is a decentralized perpetuals exchange (DEX) built on Hyperliquid's framework that enables trading of various assets like cryptocurrencies using USDe as collateral, offering native rewards and high capital efficiency. The HyENA airdrop rewards active traders on the HyENA perpetual trading platform integrated with Ethena, with eligibility limited to Season 4 participants who earned at least 200M Sats and who also hold the required amount of USDe for a minimum of two weeks and complete at least one trade on HyENA before a bi-weekly eligibility check that runs every other Monday. Users who satisfy these conditions become eligible for distribution, and once processed, rewards are either automatically distributed as UENA to wallets active on HyperCore via Hyperliquid or made claimable through Sablier for other eligible wallets, with allocations tied to Season participation and ongoing trading activity.

Network
Ethereum

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