Harmonix V2 is launching yield-bearing stablecoin vault on Hyperliquid. Deposit USDC, USDT, or USDH. Earn automatically. No claiming, no lockup, no complexity.
Each vault is an ERC-4626 yield-bearing token. You deposit your stablecoin, receive a vault share, and that share compounds yield directly into its redemption value. The share price is the yield - no claiming step, no action required on your part.
Under the hood, the vaults run a delta-neutral strategy: long spot, short perpetuals on HyperCore to earn funding rates without directional risk. Lending and liquidity yield from for e.g. @felixprotocol, @hyperlendx, HyperSwap, and the wider HyperEVM ecosystem is stacked on top. Multiple yield sources. One deposit.
Redemptions are async - positions unwind in the background, you claim when ready. We're implementing ERC-7540, the emerging standard for async vault flows, to keep Harmonix composable with anything the ecosystem builds next.
The vaults are coming soon on HyperEVM.
→ app.harmonix.fi · Docs
Before V2, Harmonix shipped two live products, both real yield, both battle-tested on mainnet.
→ Deposit
1. The Basis Trade Vault
The Delta neutral Vault on Arbitrum was Harmonix's first delta-neutral product. It ran a cash-and-carry basis trade - long spot ETH, short ETH perpetuals - capturing the funding rate spread as yield. No directional exposure. Stablecoin denominated returns.
It was the proof of concept for the entire V2 architecture: that you can earn meaningful yield from perpetuals markets without betting on price direction.
2. haHYPE and hakHYPE
haHYPE and hakHYPE are Harmonix's yield-bearing HYPE tokens, live on HyperEVM now.
haHYPE — deposit HYPE, earn yield from delta-neutral strategies and HyperEVM ecosystem protocols
hakHYPE — deposit kHYPE (Kinetiq's liquid staked HYPE), earn staking yield plus additional strategy yield on top
Both are ERC-4626 vaults. Same architecture as V2 stablecoin vaults. Already live, already compounding.
Harmonix was built with the support of builders and community members who believed in the protocol before it had a track record.
Our builders and active community members span the Hyperliquid ecosystem - traders, developers, and contributors who have been in the trenches since day one. Their participation shaped the protocol, the product, and the direction of V2.
Harmonix doesn't run in isolation. Every yield source in our vaults is a live integration with an ecosystem protocol.
Hyperliquid provides the HyperCore perpetuals engine powering our delta-neutral strategies. Pendle enables yield tokenization for fixed-rate exposure. Felix, HyperLend, and HypurrFi supply lending and liquidity yield. Kinetiq provides kHYPE for the hakHYPE vault. Ventuals rounds out the integration ecosystem.
Every integration is a live yield source, not a partnership announcement.
In 2024, Harmonix raised $1.5M in seed funding. Harmonix $1.5M Seed Raise. Investors: IMC, Presto, Skyland Ventures, Pyth, Echo, HODL
Angels: Loracle, Solanium Ventures, SqrDao, Arc community members, Kraken members, Kyber Network (Loi Luu), Hyperliquid OGs, NB (norbertbodziony)
On the security side: the protocol is built on the BoringVault framework and has been audited by Verichains, Shieldify, and Zenith. Real-time monitoring is handled by Hypernative. Proof of Solvency reports are published regularly.
V2 is launching soon. If you're holding idle stablecoins on Hyperliquid, this is for you.
The best way to stay close to the launch is to join our Discord and talk to the team directly. We're active, we answer questions, and we want to hear from integrators, LPs, and anyone curious about what we're building.
Discord:
X / Twitter:
App:
Docs: