The Hyperliquid L1 ecosystem never lacks dev startup disks, but those with outstanding startup and operation strategies are scarce, and I think @ monetrix_xyz can be considered one of them. The first wave of preheating before the launch of the mainnet: Genesis Signal event, completing social tasks to cast Pioneer NFT as a permanent identity on the chain; This Genesis NFT serves as the passport (WL) for the second wave of warm-up activities; The participants of the second wave of activities will directly unlock the priority access qualification for the main network. Interlocking with each other. Monetrix is an Ethena replica developed by the DEX @ HybraFinance core team in the early stages of the Hyperliquid L1 ecosystem, but it is not just a replica. The most fundamental difference is that the former is fully on chain hedging and fully on chain verifiable, while the latter is CEX hedging and partially off chain verified. Monetrix is the on chain version of Ethena. Let's briefly talk about the second wave of money stuffing activity: This money stuffing activity is not a public sale, but a points activity, where deposits earn points and can be redeemed 1:1 at any time. The core gameplay consists of three steps: (Signal → Deposit → Earn&Claim) 1. Complete the Genesis Signal task and receive Pioneer SBT; 2/Genesis activity opens deposits; Only supports USDC deposits, and the system will automatically calculate weights based on the deposit time and fund size. The higher the weight, the more GEMs will be divided into daily shares; USDC can be redeemed at any time at a 1:1 ratio, but there is a 3-day waiting period; 3/Earn GEMs daily+Get SBT+Mainnet Priority The agreement will automatically issue different levels of SBT based on deposit size and GEMs Rank; Genesis event participants will have priority access to the mainnet USDM casting/collection. The hard top for Genesis deposit activity is $1M, with a maximum duration of 30 days (it may also end earlier). The above. Dyor. NFA.