Monetrix mxHYPE
HYPE-denominated yield vault on Hyperliquid. Deposited HYPE backs a borrowed-USDC delta-neutral overlay on Hyperliquid Core; yield is converted back to HYPE before distribution to smxHYPE stakers
TVL history
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TVL by chain
Key facts
- Category
- Basis Trading
- Chains
- 1
- Token
- —
- Oracles
- —
- Audits
- None listed
- Listed
- Aug 2026
Similar Basis Trading protocols
How this TVL is counted
TVL is the native HYPE collateral backing mxHYPE: HYPE held by the HypeVault and RedeemEscrow on HyperEVM plus the HypeVault's Hyperliquid Core account equity, read on-chain from the HypeAccountant (totalBackingSigned) and denominated in HYPE. Staked mxHYPE (smxHYPE) is a receipt token and is not counted separately. The protocol-owned insurance fund is excluded. The USDC-denominated USDM vault is tracked separately under Monetrix.
Frequently asked questions
What is Monetrix mxHYPE’s TVL?
Monetrix mxHYPE has $1.71M in total value locked, +10.11% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Monetrix mxHYPE on?
Monetrix mxHYPE runs on 1 chain; the most value sits on Hyperliquid L1 ($1.71M).
What kind of protocol is Monetrix mxHYPE?
Monetrix mxHYPE is listed under Basis Trading, where it ranks #26 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.