Hyperbeat Raises $5.2M to Boost Yield Infrastructure on Hyperliquid

Hyperbeat Secures Funding for Hyperliquid Ecosystem Expansion

Hyperbeat, a protocol designed to enhance yield opportunities on the Hyperliquid decentralized exchange (DEX), has successfully closed an oversubscribed seed round, raising $5.2 million. The funding was co-led by ether.fi Ventures and Electric Capital, signaling strong investor confidence in Hyperbeat's vision.

Expanding Yield Opportunities

The capital injection will be used to accelerate the development of Hyperbeat's yield infrastructure. This aims to benefit traders, protocols, and institutions actively involved within the Hyperliquid ecosystem.

Key investors in the round also included Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and community members via the HyperCollective.

What Hyperbeat Offers

Hyperbeat functions as the native yield layer for Hyperliquid, providing a permissionless platform to earn, stake, and manage on-chain portfolios. It democratizes access to yield previously exclusive to sophisticated market participants. Hyperbeat packages this yield, sourced from Hyperliquid's funding rates, into user-friendly, tokenized vaults.

Core Products

The Hyperbeat ecosystem boasts a suite of products, including:

• beHYPE: A liquid staking token.
• Hyperbeat Earn: High-yield vaults on HyperEVM.
• Morphobeat: A credit layer for borrowing against vault positions.
• Hyperbeat Pay: An alternative to traditional banking rails.
• Hyperfolio: A portfolio tracker.

These tools are integrated to provide a seamless trading, earning, and spending experience on-chain.

Hyperliquid's Growing TVL

The funding announcement coincides with Hyperliquid achieving a Total Value Locked (TVL) exceeding $2.1 billion, indicating increasing institutional interest in the platform.

Investor Perspective

Avichal Garg, a general partner at Electric Capital, highlighted Hyperbeat's strong technical foundation and understanding of the Hyperliquid community. He noted that Hyperliquid has transformed on-chain trading, and Hyperbeat is crucial for constructing the broader financial infrastructure, including liquid staking, isolated lending, strategy vaults, and portfolio management tools.

Key Takeaways:

• Hyperbeat secured $5.2M in seed funding to expand yield infrastructure on Hyperliquid.
• Investors include ether.fi Ventures, Electric Capital, and Coinbase Ventures.
• Hyperbeat offers products for staking, earning, borrowing, and on-chain payments.
• Hyperliquid's TVL surpassed $2.1B, signaling institutional adoption.