Based x Ethena - Growing the House of All Finance Today, Based commands a meaningful amount of consistent orderflow on @HyperliquidX, having built a pipeline of products that not only attracts, but also retains traders. Our partnership with Ethena is a purposeful one where we combine the merits of both ecosystems to create a new engine of growth. The advent of the "Ethena-Based Points" programme seeks to not only reward, but also to onboard Ethena's strongest supporters to @hyenatrade through Based as a conduit. As part of our partnership with Ethena on HyENA, the Ethena team will acquire BASED tokens to distribute to sENA holders under the "Ethena-Based Points" programme.