The Hyperdrive token is coming, and the more you engage with the protocol, the larger your allocation will be. Hyperdrive Miles are the key. They reward users who provide liquidity, engage in leveraged rate operations, and utilize Fixed Borrow.

Volatile interest rates are a constant challenge for DeFi borrowers. A single spike in borrowing costs can quickly erode the profitability of many on-chain strategies. Hyperdrive’s Fixed Borrow addresses this pain point by helping borrowers effectively “lock in” a portion—or all—of their borrowing costs at a fixed rate. Below, we explore how Fixed Borrow works, why it’s important, and how it’s essentially a Short position under the hood.

Hyperdrive is a DeFi protocol that enables users to gain exposure to both fixed and variable interest rates in a single product. In this article, we focus on Short positions—an opportunity to profit when the variable rate outperforms the fixed rate. However, to understand Shorts, it's crucial to grasp the concept of hy\[Tokens], the heart of the Hyperdrive market.

The HyperVue Foundation announces that the Miles Points Program will map directly to the Element DAO token network, with plans for a new token and an upcoming Token Generation Event (TGE).

When it comes to stable, predictable returns, fixed income has long been a fundamental building block in traditional finance (TradFi). Investors rely on these products to stabilize portfolios, hedge against volatility, and ensure a steady stream of income. In other words, fixed-income assets serve as a bedrock for long-term financial planning, enabling institutions, governments, and individuals to reliably forecast returns and manage risk.

The Hyperdrive Protocol brings fixed-income market dynamics to DeFi, enabling participants to lock in returns, take strategic positions on future interest rates, and, as Liquidity Providers (LPs), earn trading fees from protocol activity, profits from counter-trading, and yields on idle liquidity.

We are thrilled to announce the launch of Hyperdrive Miles, the native rewards program of the Hyperdrive Protocol. This program distributes extra incentives to liquidity providers (better known as LPs) for fueling the liquidity that powers DeFi’s fixed-income primitive.