Ask about MonetrixKey Metrics
Fees (Annualized)$218,854
Fees 30d$17,988
Hyperliquid L1$17,988
Fees 7d$5,004
Hyperliquid L1$5,004
Fees 24h$304
Hyperliquid L1$304
Cumulative Fees$18,292
Hyperliquid L1$18,292
Revenue (Annualized)$20,172
Revenue 30d$1,658
Hyperliquid L1$1,658
Revenue 7d$500
Hyperliquid L1$500
Revenue 24h$30
Hyperliquid L1$30
Cumulative Revenue$1,688
Hyperliquid L1$1,688
Protocol Information
Monetrix is the first fully on-chain funding-driven yield-bearing stable token, native to Hyperliquid
Category:Basis Trading
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 GitHubYields
Pools Tracked1
Average APY9.87%
