Key Metrics
Fees (Annualized)$214,630.14
Fees 30d$17,070
Hyperliquid L1$17,070
Fees 7d$6,605
Hyperliquid L1$6,605
Fees 24h$2,352
Hyperliquid L1$2,352
Cumulative Fees$44,690
Hyperliquid L1$44,690
Revenue (Annualized)$20,749.24
Revenue 30d$1,708
Hyperliquid L1$1,708
Revenue 7d$661
Hyperliquid L1$661
Revenue 24h$235
Hyperliquid L1$235
Cumulative Revenue$4,328
Hyperliquid L1$4,328
Protocol Information
Monetrix is the first fully on-chain funding-driven yield-bearing stable token, native to Hyperliquid
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 Monetrix vaults on Hyperliquid Core — sUSDM's delta-neutral positions (funding payments, HLP and borrow-lend yield) and mxHYPE's borrowed-USDC overlay (converted to HYPE before distribution) — measured at distribution via each 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 GitHubYields
Pools Tracked1
Average Supply APY19.44%
Competitors
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 $2.47m in total value locked. TVL has decreased 12.1% 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 $17,070 in fees. Of that, $1,708 was protocol revenue. Based on the trailing year, the annualized rate is $214,630.14 in fees and $20,749.24 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 $7.2b across 40 protocols, and Monetrix accounts for <0.1% of that total. Other leading protocols include Liminal Basis, Ethena USDe, Falcon Finance, Solstice, BounceBit CeDeFi Yield, BitFi Basis, Solv Basis Trading, Avant avUSD, Aster USDF, and Bitway Earn.
How many yield pools does Monetrix have?
DefiLlama tracks 1 Monetrix yield pool with an average APY of 19.4%.
