sENA is evolving into a gateway to Hyperliquid’s most valuable alignment layer. With Based Points now live for sENA and locked holders, @ethena_labs is securing deeper integration into HyperCore’s dominant flywheel. This is capital stacking at multiple layers: — Protocol rewards — Aligned incentives — Liquidity depth Pendle’s 40x sats multiplier adds even more weight to strategic positioning ahead of Ethena’s expansion. Those watching points are missing the architecture being built underneath.
Starting today, sENA will earn @BasedOneX Points. Based sits at the core of the Hyperliquid ecosystem, as the largest builder on HyperCore, with mid-8 figures of annualized revenue. Based will play a critical role in Ethena's continued expansion onto @HyperliquidX.
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