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Binance Sign Up Promotion

Hyperdrive

What is Hyperdrive?

Hyperdrive serves as Hyperliquid’s premier DeFi hub, offering a comprehensive suite of financial services built on Hyperliquid’s HyperEVM. The protocol centers around its stablecoin money market, providing users with multiple earning opportunities through lending, borrowing, and yield generation strategies.

Users can earn yield on stablecoin deposits, access one-click yield strategies including the leveraged HLP vault, and utilize crypto assets as collateral for borrowing needs.

The platform distinguishes itself through its liquid staking product called $HYPED, which offers 0% fee liquid staking for $HYPE tokens. Hyperdrive has successfully completed a $6 million Series A funding round led by HackVC and Arrington Capital, with participation from notable investors including Amber, Delphi, SIG, CMS, Caladan, Proof, and Flowdesk.

Hyperdrive Airdrop Details

Hyperdrive currently operates a points-based reward system that includes referral bonuses, suggesting a potential future token distribution to active users.

While the project has not officially confirmed an airdrop, the points system typically serves as a precursor to token launches in the DeFi space. Users earn points through various activities including deposits, lending, borrowing, and utilizing the platform’s yield strategies.

The referral system enables users to increase their point accumulation by inviting others to the platform, earning 10% of all points generated, which creates additional earning potential beyond direct protocol usage.

Step-by-Step Guide:

How to Participate in Hyperdrive

  1. Visit the Hyperdrive Platform
  2. Connect Your Wallet
  3. Switch to Hyperliquid Network
    • Your wallet will prompt you to switch networks
    • Confirm the network change to Hyperliquid HyperEVM
  4. Acquire Supported Assets
    • Deposit USDe + USDT0 for lending activities
    • 20x Ethena Rewards Multiplier: Earn additional Ethena rewards on USDe deposits
    • You can purchase these stablecoins from Binance
    • Use Hyperbridge to bridge stables to HyperEVM and trigger a LayerZero transaction
    • Also, get HYPE tokens from Hyperliquid‘s spot market and transfer to HyperEVM within the dapp
    • Then supply $HYPE tokens to the LST market
  5. Make Your First Deposit
    • Choose between available Hyperdrive lending markets
    • Review current interest rates and terms for each market
    • Select your preferred deposit amount
  6. Approve Token Spending
    • The platform will request permission to access your token balance
    • Input the amount you wish to approve for lending
    • Confirm the spending cap in your wallet
  7. Complete the Lending Transaction
    • Click the “Lend” button to proceed
    • Review transaction details carefully before confirming
    • You will receive APY depending on the market
  8. Also refer your friends to earn more points

Frequently Asked Questions

Is Hyperdrive Airdrop Confirmed?

While Hyperdrive has not officially announced a token airdrop, the points system suggests potential future rewards for early users. Many successful DeFi projects have rewarded early adopters through retroactive token distributions.

What Assets Can I Use on Hyperdrive?

Currently, users can deposit USDe + USDT0 in the lending markets. The platform may expand to support additional assets as development progresses.

Can I Withdraw My Funds Anytime?

Generally, lending protocols allow withdrawals subject to liquidity availability. However, during high demand periods, you may need to wait for borrowers to repay loans before withdrawing.

Conclusion

Hyperdrive represents a comprehensive DeFi solution within the growing Hyperliquid ecosystem, offering multiple avenues for yield generation and capital efficiency. The platform’s points system provides early users with potential upside while accessing legitimate DeFi services.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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Max. Participants

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Overview