Hyperdrive
- Company typePrivate
- Founded2025
- HeadquartersDelaware, United States
- Headcount—
- GTM typeB2C
- OfferingSoftware
Hyperdrive firmographics
Firmographics- Name
- Hyperdrive
- Legal name
- Hyperdrive
- Website
- https://hyperdrive.fi
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Ownership category
- akta.pro rank
Hyperdrive industry classification
Industry- Product category
- Decentralized Finance (DeFi) Protocol
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)
- akta.pro secondary industries
- Staking, Restaking & Liquid Staking Finance (LST/LRT, validator markets) (FSAPAEAH), Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK), Liquid Staking & Restaking Protocols (FSADAMAE)
Keywords
Where Hyperdrive is headquartered
LocationHeadquarters
- HQ city
- Delaware
- HQ country
- United States
- HQ region
- North America
Markets served
Hyperdrive business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- Stablecoin Money Market Interest Spread: Hyperdrive generates revenue by facilitating stablecoin lending and borrowing. Interest rate spreads between borrowers and lenders form the core revenue mechanism of the protocol. The platform lists APY rates for USDC, USDH, USDT, USDe, USDhl, and HYPE, indicating a multi-asset lending market.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Hyperdrive product offering
Product offeringCore offering
Hyperdrive is a decentralized finance protocol built on Hyperliquid's HyperCore that provides a Money Market for stablecoin lending and borrowing, HYPE LST for liquid staking of the HYPE token, Liquid HLP for using Hyperliquidity Provider positions as collateral with leverage, and an automated Earn product for one-click yield strategies. The protocol serves crypto-native DeFi users seeking capital efficiency and yield on assets held within the Hyperliquid ecosystem.
Product overview
Hyperdrive is a unified DeFi platform operating as Hyperliquid's premier stablecoin money market. The platform comprises four interconnected core products: Money Market (for supplying and borrowing stablecoins), HYPE LST (liquid staking for $HYPE tokens), Liquid HLP (HLP collateral and leverage functionality), and Earn (automated yield strategies). Together, these products form the foundational layer for making everything on HyperCore liquid, enabling users to earn yield, access leverage, and optimize their crypto asset allocation within a single ecosystem.
Differentiator
Problem solved
Functional benefit
Brands
- HYPE LST: Liquid stake $HYPE token allowing users to earn staking rewards while using it as collateral in DeFi.
- Money Market
- Liquid HLP
- Earn
Products and services
- Money Market Stablecoin lending and borrowing pools where users can supply stablecoins to earn variable yield or borrow stablecoins against crypto collateral at algorithmically determined interest rates. Targeted at crypto-native DeFi users seeking on-chain credit markets within the Hyperliquid ecosystem.
- HYPE LST Liquid staking token product that allows users to stake the native HYPE token and receive a tradable liquid staking derivative, enabling users to earn staking yield while maintaining liquidity for use across DeFi. Built for HYPE holders seeking capital-efficient staking exposure.
- Liquid HLP Product that wraps Hyperliquidity Provider (HLP) vault positions into a usable collateral form, allowing users to take leverage against their HLP exposure. Designed for users participating in Hyperliquid's HLP vault who want additional leverage on those positions.
- Earn Automated one-click yield strategies that route user deposits into optimized combinations of Hyperdrive's lending, staking, and HLP products to maximize risk-adjusted returns. Targeted at DeFi users who want yield without manually managing positions across multiple Hyperdrive primitives.
Companies that use Hyperdrive
Customer profileSegments1 record
Ideal customer profiles1 record
Hyperdrive technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Hyperdrive partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights4 records
Hyperdrive competitors and assessment
Company assessmentBroad incumbents
- Lido: Largest liquid staking protocol (stETH). Comparable as a liquid staking token provider — analogous to Hyperdrive's HYPE LST product — though at much greater scale and across multiple chains.
- Sky (formerly MakerDAO): Decentralized stablecoin and lending ecosystem (DAI/USDS, Spark). Comparable as a broad DeFi incumbent with stablecoin issuance and lending — relevant competitive context for Hyperdrive's stablecoin focus.
Direct peers
- Compound: Pioneer DeFi money market offering algorithmic interest rates on crypto collateral. Directly comparable as a permissionless lending protocol, with similar interest-rate-spread revenue model.
- Spark Protocol: Sky/MakerDAO's lending product offering DAI/USDS borrowing against crypto collateral. Comparable DeFi money market with deep stablecoin liquidity, though tied to the Maker/Sky ecosystem rather than Hyperliquid.
- Aave: The largest decentralized lending/money market protocol across multiple chains. Directly comparable as a stablecoin lending and borrowing platform, though operating across many L2s and L1s rather than chain-native to Hyperliquid.
- Morpho: Optimized lending layer built on top of Aave/Compound and increasingly as a standalone money market. Comparable as a next-generation DeFi lending protocol targeting better capital efficiency — directly relevant to Hyperdrive's collateral utility focus.
- Radiant: Omnichain money market enabling cross-chain lending and borrowing. Directly comparable as a DeFi money market with similar cross-asset collateral mechanics, though omnichain rather than chain-native.
Emerging players
- Eigenpie: Liquid restaking protocol on EigenLayer. Comparable as a liquid staking/restaking primitive offering yield-bearing collateral — adjacent to Hyperdrive's HYPE LST product category.
- Pendle: Yield tokenization and trading protocol enabling users to separate and trade yield. Comparable as adjacent DeFi yield infrastructure — addresses the same 'yield optimization' user need as Hyperdrive's Earn product.
Others
- Hyperliquid: The underlying perpetual futures DEX and L1 on which Hyperdrive is built. Not a competitor but the primary ecosystem partner — Hyperdrive's success is structurally tied to Hyperliquid's growth and token utility (HYPE, HLP).
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Hyperdrive social profiles
Digital presenceHyperdrive financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hyperdrive leadership team
Management profileNumber of profiles
Profiles1 record
Hyperdrive funding detail
Funding detailFunding overview
Funding rounds1 record
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hyperdrive M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hyperdrive
What does Hyperdrive do?
Hyperdrive is a decentralized finance protocol built on Hyperliquid's HyperCore that provides a Money Market for stablecoin lending and borrowing, HYPE LST for liquid staking of the HYPE token, Liquid HLP for using Hyperliquidity Provider positions as collateral with leverage, and an automated Earn product for one-click yield strategies. The protocol serves crypto-native DeFi users seeking capital efficiency and yield on assets held within the Hyperliquid ecosystem.
Is Hyperdrive a public or private company?
Hyperdrive is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hyperdrive founded?
Hyperdrive was founded in 2025.
Where is Hyperdrive based?
Hyperdrive is headquartered in Delaware, United States, in the North America region.
How does Hyperdrive make money?
One revenue line is on record: stablecoin Money Market Interest Spread.
Who are Hyperdrive's main competitors?
Broad incumbents on record are Lido and Sky (formerly MakerDAO). Direct peers are Compound, Spark Protocol, Aave, Morpho and Radiant. Emerging players are Eigenpie and Pendle. Hyperliquid is listed as an others.
Does Hyperdrive have an API?
No public API is recorded for Hyperdrive.
What industry is Hyperdrive in?
Hyperdrive's product category is Decentralized Finance (DeFi) Protocol. Its primary akta.pro industry code is FSADAFAB, Decentralized Lending Protocols (DeFi Money Markets), with a secondary code of FSAPAEAH, Staking, Restaking & Liquid Staking Finance (LST/LRT, validator markets). Its NAICS code is 525 and its SIC code is 6200.