HyENA is the most important initiative for ENA recently Maybe we don’t even need to add 'one of' Today is the second day since HyENA officially launched Here are a few key points: 1/ HyENA will not issue tokens Its purpose isn’t to create its own token economy but to amplify the value of the ENA ecosystem 2/ 100 million HyENA points will be distributed weekly This is to encourage user trading The most common prediction right now is that these points are related to the Ethena Season 5 airdrop. I think this prediction is reliable. As mentioned before, half of HyENA’s transaction fees go to Ethena, and the other half goes to Hyperliquid. As for @BasedOneX, the actual creator of the product, there’s no direct profit distribution visible in public information. The core of the points economy lies in expectation management. The most likely empowerment paths for HyENA points are down to two options: ▌ ENA Season 5 airdrop ▌ Eligibility for Based ecosystem airdrops If HyENA points end up diluting the Based airdrop shares, that would just be too unfair to the honest folks. So the most reasonable prediction is that HyENA points directly correspond to Ethena Season 5 rewards. HyENA link: https://www.hyena.trade/ At this stage, an invitation code is required to participate. You can use the code HY3NA88 It’s a friend’s code, not mine