Is there a Monetrix airdrop?
Not yet. Monetrix hasn't announced a token or an airdrop. Its tokenomics page lists a governance or incentive token as "TBD" and plans a community allocation covering points mining, liquidity mining and airdrops, with the numbers due before the token generation event (TGE). What runs today is Season 0, a points program in the Monetrix app, with no stated conversion into tokens.
What Monetrix is
Monetrix issues USDM, a dollar token on HyperEVM, Hyperliquid's EVM chain. You mint USDM 1:1 with USDC and can redeem it 1:1. Only staked USDM, called sUSDM, earns: its exchange rate against USDM rises as the protocol makes money.
The USDC backs a delta-neutral book on Hyperliquid: spot BTC, ETH and HYPE hedged with short perpetual futures. The docs name four yield sources: funding rates, spot lending, maker rebates and Hyperliquid's HLP vault.
How Monetrix Season 0 points work
The app's DeFi page lists Hybra Finance pools with points multipliers of 10x for USDC/USDM and sUSDM/USDM liquidity and 15x for WHYPE/USDM. A tasks page added on 23 September 2026 pays small amounts of points for check-ins, deposits, referrals and social follows, once you hold $100 or more for 24 hours. Monetrix hasn't published what a plain USDM or sUSDM balance earns.
Monetrix airdrop step-by-step guide
- Bridge USDC to HyperEVM and keep a little HYPE for gas.
- On the Earn page, approve USDC and mint USDM.
- Stake USDM there for sUSDM.
- Add liquidity to a Hybra pool on the DeFi page for the higher multipliers.
- Connect your wallet on the tasks page and claim completed tasks.
Join MonetrixOpens monetrix.xyz
Monetrix costs and fees
Minting and redeeming are 1:1, gas is paid in HYPE, and the docs don't publish a fee rate. Unstaking sUSDM and redeeming USDM for USDC each have a cooldown, three days when we checked. Requests earn nothing while they wait and can't be cancelled. Selling on a DEX is faster but may fetch less than 1:1.
Monetrix risks and eligibility
- USDM's market price can drift from $1 under stress, and the FAQ says the sUSDM rate could fall in severe conditions such as negative funding.
- Monetrix depends on Hyperliquid for execution, margin, oracles and liquidations.
- A Code4rena audit contest in April and May 2026 reported no high-severity findings and one medium-severity finding. Smart contract risk remains.
- The terms bar use where it would break local law or sanctions rules and let Monetrix restrict users, wallets or jurisdictions.
Who is behind Monetrix?
Monetrix is built by the Hybra team, which runs the Hybra Finance exchange on HyperEVM, according to its docs. Team members are listed by first name or handle only. We found no disclosed funding round or investors.
Sources
- Monetrix documentation Monetrix
- Tokenomics overview Monetrix docs
- Season 0 points tasks Monetrix app
- DeFi integrations Monetrix app
- Monetrix Tasks are now live Monetrix on X,
- Monetrix audit report Code4rena,
This guide explains how the program works. It isn't financial advice, and no airdrop is guaranteed. Check Monetrix's official channels before you connect a wallet or deposit funds.
