Ask about Monetrix
Logo of MonetrixMonetrix
Total Value Locked$4.1m

TVL by Chain

Hyperliquid L1$4.1m

Key Metrics

Fees 30d$26,656
Fees 30d by chain

Hyperliquid L1$26,656

Fees 7d$1,922

Hyperliquid L1$1,922

Fees 24h$0

Hyperliquid L1$0

Cumulative Fees$62,663

Hyperliquid L1$62,663

Revenue 30d$3,259.39
Revenue 30d by chain

Hyperliquid L1$3,259.39

Revenue 7d$288.25

Hyperliquid L1$288.25

Revenue 24h$0

Hyperliquid L1$0

Cumulative Revenue$6,731.94

Hyperliquid L1$6,731.94

Protocol Information

Monetrix is the first fully on-chain funding-driven yield-bearing stable token, native to Hyperliquid.

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Category:Basis Trading
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Monetrix USDM - Yield generated by the USDM vault's delta-neutral positions on Hyperliquid Core (funding payments, HLP and borrow-lend yield), measured at distribution via the MonetrixVault's YieldDistributed event, plus instant redeem/unstake fees paid by users.View code on GitHubMonetrix mxHYPE - Yield generated by mxHYPE's borrowed-USDC overlay on Hyperliquid Core, measured in HYPE at distribution via the HypeVault's YieldDistributed event, plus instant redeem/unstake fees paid by users.View code on GitHub

Revenue:

Monetrix USDM - Share of distributed yield routed to the foundation, plus instant redeem/unstake fees. The insurance-fund share is a protocol reserve that backstops the system and is booked as supply-side revenue rather than protocol revenue.View code on GitHubMonetrix mxHYPE - Share of distributed yield routed to the foundation, plus instant redeem/unstake fees. The insurance-fund share is booked as supply-side revenue because it backstops the system.View code on GitHub

Yields

Pools Tracked2

Average Supply APY1.02%

Competitors

Liminal Basis ($23.19m)Ethena USDe ($4.708b)Falcon Finance ($1.175b)Solstice ($234.98m)BitFi Basis ($214.51m)Solv Basis Trading ($187.43m)Avant avUSD ($128.17m)Aster USDF ($116.24m)Bitwise USCC ($113.24m)Bitway Earn ($83.62m)

Frequently Asked Questions

What is Monetrix's TVL?

Monetrix currently has $4.1m in total value locked. TVL has increased 73.9% over the past 30 days.

What chains does Monetrix operate on?

Monetrix operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.

How much has Monetrix generated in fees and revenue?

Over the past 30 days, Monetrix generated $26,656 in fees. Of that, $3,259.39 was protocol revenue. Based on the trailing year, the annualized rate is $237,208.18 in fees and $25,439.51 in revenue.

How does Monetrix's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, Monetrix ranks #22 by TVL. The category holds $7.4b across 39 protocols, and Monetrix accounts for 0.1% of that total. Other leading protocols include Liminal Basis, Ethena USDe, Falcon Finance, Solstice, BitFi Basis, Solv Basis Trading, Avant avUSD, Aster USDF, Bitwise USCC, and Bitway Earn.

How many yield pools does Monetrix have?

DefiLlama tracks 2 Monetrix yield pools with an average APY of 1%.