Hyperdrive Incident Disclosure – September 27, 2025
On Saturday, September 27, 2025, at approximately 22:00 Singapore time (SGT), the Hyperdrive team was alerted to suspicious on-chain activity affecting the Primary and Treasury USDT₀ markets. Out of an abundance of caution, all markets were immediately paused while we investigated. Following a rapid internal review, we confirmed that the activity was the result of a malicious exploit. Our incident response plan was activated, and a dedicated war room was assembled consisting of the Hyperdrive...

Hyperdrive - THE Stablecoin Money Market
Hyperdrive was created with a vision - The stablecoin market will be crypto’s largest and fastest growing vertical. Though this view may be consensus today, the foundations for Hyperdrive to support this vision begun to be built many years ago. As we prepare to launch, we will outline below why we chose to focus on stablecoin lending, and why on Hyperliquid.The Stablecoin MarketJust 5 years ago in 2020, Ethereum had found its flagship product - DeFi. With just over $600M in TVL at the start o...

Introducing Hyperdrive: The Premier DeFi Hub on HyperEVM
Hyperdrive offers risk mitigated high-yield strategies to those looking to safely park their USDC. Hyperdrive is the premier DeFi hub on Hyperliquid, offering unparalleled yield strategies to all users:Earn - Earn yield on USDC or access Hyperdrive’s curated list of yield strategies. Battle-tested, double-audited lending infrastructure built on Hyperliquid.Borrow - Use Hyperliquid tokens such as $BTC, $HYPE, $PURR as collateral to borrow USDC.Liquid HLP & Leveraged HLP — HLP is Hyperliquid’s ...
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Hyperdrive Incident Disclosure – September 27, 2025
On Saturday, September 27, 2025, at approximately 22:00 Singapore time (SGT), the Hyperdrive team was alerted to suspicious on-chain activity affecting the Primary and Treasury USDT₀ markets. Out of an abundance of caution, all markets were immediately paused while we investigated. Following a rapid internal review, we confirmed that the activity was the result of a malicious exploit. Our incident response plan was activated, and a dedicated war room was assembled consisting of the Hyperdrive...

Hyperdrive - THE Stablecoin Money Market
Hyperdrive was created with a vision - The stablecoin market will be crypto’s largest and fastest growing vertical. Though this view may be consensus today, the foundations for Hyperdrive to support this vision begun to be built many years ago. As we prepare to launch, we will outline below why we chose to focus on stablecoin lending, and why on Hyperliquid.The Stablecoin MarketJust 5 years ago in 2020, Ethereum had found its flagship product - DeFi. With just over $600M in TVL at the start o...

Introducing Hyperdrive: The Premier DeFi Hub on HyperEVM
Hyperdrive offers risk mitigated high-yield strategies to those looking to safely park their USDC. Hyperdrive is the premier DeFi hub on Hyperliquid, offering unparalleled yield strategies to all users:Earn - Earn yield on USDC or access Hyperdrive’s curated list of yield strategies. Battle-tested, double-audited lending infrastructure built on Hyperliquid.Borrow - Use Hyperliquid tokens such as $BTC, $HYPE, $PURR as collateral to borrow USDC.Liquid HLP & Leveraged HLP — HLP is Hyperliquid’s ...
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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!
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.
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.
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:
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!
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.
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.
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:
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