HyperLiquid Airdrop: 1B $HYPE Tokens for Early Users!
HyperLiquid is airdropping 1 billion $HYPE tokens, with 31% for early users from a past campaign. Meanwhile, Tether is discontinuing EUR₮, with holders needing to redeem by 2025. Additionally, Binance has launched BFUSD, offering daily airdrop yields and collateral for futures trading.
Hyperliquid airdrop
Decentralized exchange HyperLiquid announced the launch of $HYPE, a native token that will be airdropped to early adopters.1 billion tokens will be issued, with 31% going to users who earned points in a campaign that ended in May. A further 23.8% will be set aside for current and future core contributors, the latter of which will be locked for one year.Now it's time to cash out the points.
Tether closing EURT
According to this week's announcement, Tether made the decision to discontinue support for EUR₮. As such, Tether has ceased minting EUR₮, with the last acquisition request processed in 2022, and new EUR₮ issuance requests are no longer accepted. Tether customers holding EUR₮ on all blockchains should redeem their holdings within one year ending on November 27th, 2025.Instead, Tether will focus on backing new stablecoin ventures such as its recent investment in Quantoz and its tokenization platform Hadron.This is quite understandable since EURT was not in huge demand, while it'll have to take huge efforts to be compliant with MiCA which gets into effect by end of 2024.
Binance introduces BFUSD
Binance announced its introduction of BFUSD, with below benefits
- Hold BFUSD in UM account and receive daily airdrop yield
- BFUSD can be used as collateral in Multi-Asset Mode
More introductions at https://www.binance.com/en/futures/bfusd and https://www.binance.com/en/support/faq/what-is-bfusd-and-how-to-use-it-as-margin-in-futures-trading-98e52d2bf2db4e0c963fb41004080826The yield mechanism is close to Ethena's USDE which is funding fee income, where Binance employs a delta-neutral strategy by hedging Futures positions with spot positions to collect Funding Fees. Funding Fees are periodic payments between long and short position holders in perpetual futures markets, intended to align the futures prices with the spot prices of the underlying asset.
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