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Hyperdrive
Hyperdrive is Hyperliquid's yield hub, a premier stablecoin money market that allows users to supply and borrow stablecoins, liquid stake $HYPE, and utilize one-click yield strategies. It is described as a stablecoin money market on the Hyperliquid platform, allowing users to earn lending APY or borrow against other assets, with key features including liquid staking for the $HYPE token and using HLP as collateral.
Distributed
Description
Hyperdrive is a stablecoin money market on the Hyperliquid platform, serving as its primary yield hub. The platform allows users to supply stablecoins to earn lending APY or borrow them against other assets. Key functionalities include liquid staking of the $HYPE token, which allows users to earn staking rewards while using it as collateral, and the ability to use HLP (Hyperliquid's liquidity provider token) as collateral or for leveraging HLP yield. Hyperdrive also offers one-click yield strategies. The project emphasizes security, having been audited by firms such as Enigma Dark, Bail Security, and Obsidian Audits, and is backed by partners like Emirates Consortium LLC, Hack VC, and Binance Labs.Grant Funding
VC Funding
None
2025
$0
$6M