Whether you're a passive yield seeker or an advanced trader looking to maximize your capital efficiency, Hyperdrive is your go-to DeFi hub for doing everything on Hyperliquid!

Liquid HLP

HLP holders can unlock additional liquidity by using HLP as collateral to borrow USDC. This allows users to maintain their exposure to HLP while accessing stablecoin liquidity to deploy elsewhere in DeFi.

• How it works:

  • Deposit HLP as collateral in the Hyperdrive lending market.

  • Borrow USDC against your HLP position.

  • Use borrowed USDC for trading, farming, or other DeFi strategies.

This feature enables users to leverage their holdings while still benefiting from the yield generated by their HLP.

Leveraged HLP

Hyperdrive enables HLP loops for users that want to scale their HLP exposure.

• How it works:

  • Deposit HLP as collateral in the Hyperdrive lending market.

  • Zap in to loop your HLP positions

This strategy is for users who understand risk and want to maximize capital efficiency within the Hyperdrive system.

Get Ready for Hyperdrive

Hyperdrive has been working on HyperEVM testnet since July 2024, allowing us to acquire a deep technical understanding of how the Hyperliquid L1 works. This technical knowledge is then applied to:

• Be the first to make HLP liquid, unlocking deep composability and advanced trading strategies for HLP holders.

• Seamlessly integrate with Hyperliquid to make HyperEVM DeFi capital-efficient and scalable

• Battle-tested — Developed over 10+ months, already live and proven.

Learn more about Hyperdrive: