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Stablecoin

Monetrix

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Focus: Eligibility, snapshot date, token reward analysis.

Overview

What is Monetrix?

Monetrix is a yield-bearing stablecoin protocol built natively on HyperEVM. The protocol issues USDM, a stablecoin pegged 1:1 to USDC, and sUSDM, its auto-compounding staked version. Users mint USDM by depositing USDC and stake it to sUSDM, with yield distributed through exchange rate appreciation rather than rebases.

Yield comes from delta-neutral strategies that captures funding rates, HLP returns, maker rebates, and other Hyperliquid-native sources without any centralized exchange custody or off-chain execution. Every position is verifiable on-chain, which is the main differentiator against yield-bearing stablecoins that rely on opaque CEX-based strategies.

Monetrix is built by the Hybra team and was audited through a Code4rena contest in April 2026. Funding details have not been publicly disclosed. The protocol is currently in its pre-launch phase, with the Genesis Signal campaign live ahead of the main Genesis opening.

Key Points

  • Airdrop Allocation: Not announced
  • Distribution Method: Season 0 points (updated weekly in-app)
  • TGE Date: Not announced

Participation Guide

  1. 1

    Step 1: Mint USDM With USDC

  2. 2

    Step 2: Stake USDM Into sUSDM

  3. 3

    Step 3: Provide Liquidity on Hybra

  4. 4

    Step 4: Invite Friends With Your Referral Link

  5. 5

    Step 5: Hold and Track Your Season 0 Points

  6. 6

    Step 1: Visit the Genesis Signal Page

  7. 7

    Step 2: Verify Your Wallet

  8. 8

    Step 3: Connect Your X Account

  9. 9

    Step 4: Follow Monetrix on X

  10. 10

    Step 5: Subscribe to Announcements and Join Discord

  11. 11

    Step 6: Amplify the Genesis Announcement

  12. 12

    Step 7: Claim the Pioneer SBT and Invite Codes

  13. 13

    Step 8: Prepare for Genesis

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