24 hours left until Monetrix Mainnet Launch
As a stable-yield farmer, I'm very excited to finally use a protocol designed to maximize stablecoin returns while maintaining the three pillars I care about most:
β’ Security
β’ Performance
β’ Liquidity
I've been collecting information from the official Discord and X posts to put everything we know in a single thread.
What we know 24 hours before mainet?
1οΈβ£ Yield-focused protocol
Monetrix is built to generate yield on USDC.
According to tests shared by the team, expected APR is around ~20%.
2οΈβ£ Similar structure to Ethena
Think about it like this:
Ethena:
$ENA β
$USDe β
$sUSDe
Monetrix:
$MTRX β
$USDM β
$sUSDM
The difference is where the yield comes from.
Ethena generates yield through delta-neutral strategies on CEXs.
@monetrix_xyz generates yield through delta-neutral strategies on
@HyperliquidX.
3οΈβ£ Higher potential APR
Historically, sUSDe has delivered anywhere from 4.5% to 10% APR depending on market conditions.
Thanks to Hyperliquid's Portfolio Margin technology, sUSDM could potentially achieve APRs in the 15β30% range.
4οΈβ£ Security first
The protocol has already been audited.
And thanks to Portfolio Margin, one of the biggest risks of delta-neutral strategies (liquidations) is near to zero.
5οΈβ£ Revenue sharing
A large portion of protocol revenue will flow toward:
β’
$MTRX value accrual
β’ HyperEVM incentives allocated to USDM liquidity pools
6οΈβ£ Airdrop allocation
Part of the
$MTRX supply will be distributed to the community.
A large portion is allocated to the Genesis campaign (currently active), while another allocation will be distributed after mainnet launch.
As a Monetrix partner, my referral gives a 10% bonus on Genesis GEMS and future mainnet points.
Even if you signed up without a referral, you can still add it:
π
monetrix.xyz/app/genesis?codβ¦
7οΈβ£ Withdrawals
Withdrawals from the protocol are not instant.
There will be a withdrawal queue (around 3 days according to current information) to redeem without fees.
However, if you need immediate liquidity, you can simply swap USDM or sUSDM for USDC on a DEX.
Tbh, if Monetrix delivers even close to what the team is targeting, it could become one of the most attractive stable-yield protocols in the entire industry.
Monetrixliquid.