Yield Perps Launch: Nunchi’s Strategic Partnership with Based Unlocks Revolutionary DeFi Derivatives

Yield Perps Launch: Nunchi & Based Unlock DeFi Derivatives

Built on Hyperliquid’s HIP-3 framework, fundamentally transforming how traders interact with yield markets.

Core Innovation

Nunchi allows participants to take directional positions on staking yields and interest rates without immobilizing principal capital, addressing the critical limitation of capital illiquidity.

Parameter	Traditional DeFi Yield	Yield Perps Derivatives
Capital Requirement	Full asset value locked	Margin-based positions
Liquidity Access	Locked for duration	Immediately available
Yield Direction	Long only	Long or short
Settlement	At period end	Continuous