đȘ #Ethena + Liminal Are Launching a Stablecoin on Hyperliquid With a Twist
đ€ The #Power Trio
$ENA Labs and Liminal just teamed up with Hyperliquid to launch a new stablecoin. But this isnât your average âcopy-pasteâ stable projectâŠ
Theyâre locking up 1 million HYPE tokens right out of the gate. Thatâs like saying, âYep, weâre serious.â
đĄ Why This Matters
This move could bring a fresh wave of liquidity into DeFi. The stablecoin will be backed by big assets like BTC, $ETH , and $SOL as collateral not just random promises in a whitepaper.
Plus, hereâs the kicker: 95% of net revenue from reserves goes back to the Hyperliquid community. Imagine a stablecoin that doesnât just exist, but actually shares the pie.
đŠ Institutional Weight
This isnât some basement project either. Assets tied to BlackRockâs BUIDL Fund and custody players like Anchorage Digital are part of the structure. That screams institutional confidence, even if official confirmations are still pending.
My Take
DeFi devs right now:
âAnother stablecoin? Meh.â
Hyperliquid community:
âWait, did you say 95% revenue share?!â đ
đ The Big Picture
If this plays out, it could shake up how collateral and stablecoins work in DeFi, with governance tokens and trading volumes seeing a serious boost.
So hereâs the question: will this stablecoin be the one that finally blends Wall Street credibility with DeFi freedom?
What do you think about this?
