Hype Market supports several collateral types, including yield-bearing stablecoins.
Stablecoins
USDC, USDT
Most common. Stable value.
Yield-bearing
USDY, USDe, GLP, gUSDC
Earn passive yield while trading
MOVE
Gas token
Partner tokens
Varies
Community tokens for niche markets
Deposit USDY as collateral and get three layers of return:
Passive yield: USDY continues earning its underlying APY
Trading profit: Gains from correct predictions
HMark Points: Points from trading, redeemable for monthly pool share
Only on yield-bearing stablecoins. Standard USDC/USDT do not earn passive yield.
From the underlying protocol (Ondo for USDY, Ethena for USDe).