Ask about Monetrix
Logo of MonetrixMonetrix
Total Value Locked$2.61m

TVL by Chain

Hyperliquid L1$2.61m

Key Metrics

Fees (Annualized)$214,612.98
Fees 30d$18,250

Hyperliquid L1$18,250

Fees 7d$3,629

Hyperliquid L1$3,629

Fees 24h$364

Hyperliquid L1$364

Cumulative Fees$30,939

Hyperliquid L1$30,939

Revenue (Annualized)$20,475.1
Revenue 30d$1,825

Hyperliquid L1$1,825

Revenue 7d$363

Hyperliquid L1$363

Revenue 24h$36

Hyperliquid L1$36

Cumulative Revenue$2,953

Hyperliquid L1$2,953

Protocol Information

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

Category:Basis Trading

WebsiteTwitter

Methodology

TVL: TVL is the USDC collateral backing USDM: USDC held by the MonetrixVault and RedeemEscrow on HyperEVM plus the protocol's Hyperliquid Core account equity (delta-neutral spot + short-perp positions, HLP and borrow-lend balances), read on-chain from the MonetrixAccountant (totalBacking), which marks Core positions to market via Hyperliquid precompiles. USDC still in the pre-launch Genesis Vault is also counted and migrates into the main vault as users mint USDM. Staked USDM (sUSDM), the insurance fund (funded from skimmed yield) and undistributed yield are excluded.View code on GitHubFees: Yield generated by the protocol's delta-neutral positions on Hyperliquid Core (funding payments, HLP and borrow-lend yield), measured at distribution via the vault's YieldDistributed event, plus instant redeem/unstake fees paid by users.View code on GitHubRevenue: 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 GitHub

Yields

Pools Tracked1

Average Supply APY5.72%

Competitors

Liminal Basis ($25.29m)

Frequently Asked Questions

What is Monetrix?

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

What is Monetrix's TVL?

Monetrix currently has $2.61m in total value locked. TVL has increased 5.5% 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 $18,250 in fees. Of that, $1,825 was protocol revenue. Based on the trailing year, the annualized rate is $214,612.98 in fees and $20,475.1 in revenue.

How does Monetrix's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, Monetrix ranks #23 by TVL. The category holds $6.961b across 37 protocols, and Monetrix accounts for <0.1% of that total. Other leading protocols include Ethena, Falcon Finance, and Solstice.

How many yield pools does Monetrix have?

DefiLlama tracks 1 Monetrix yield pool with an average APY of 5.7%.