Altura vs HYENA

Altura is an on-chain capital-management protocol on HyperEVM. Its stablecoin vault allocates deposits across multiple DeFi strategies with the goal of producing diversified yield from a single position. The vault abstracts strategy execution and rebalancing for depositors while keeping assets and accounting transparent on-chain.

HyENA is a capital-efficient perpetual DEX built on Hyperliquid, using the HIP-3 Builder-Deployed Perpetuals framework to launch and manage markets independently. HIP-3 enables faster listings, custom market configurations, and consistent performance while inheriting Hyperliquid’s security and transparency. Positions are margined in USDe, allowing traders to earn rewards as they open and maintain exposure, with HyENA developed by the Based team—the highest-revenue app in the Hyperliquid ecosystem.