Hyperbeat, a protocol that drives yield infrastructure on the hyperliquid decentralized exchange, has closed an over -thought -out round of $ 5.2 million led by Ether.Fi Ventures and Electric Capital.
The increase will be used to build their dividend infrastructure for dealers, protocols and institutions used for the hyperliquid ecosystem.
The round also drew investments from Coinbase Ventures, Chapter 1, Selini, Maelstrom, Anchorage Digital and Community Backers via hypercollective.
Hyperbeat acts as the original yield layer for Hyperliquid, builds permission-free financial infrastructure that allows everyone to earn, realize and use directly from their on-chain portfolio. It unlocks yield generated by Hyperliquid’s financing rates – foremost only available to sophisticated market participants – and packs it into simple, tokenized vaults.
Nuclear products in the Hyperbeat ecosystem include beke, a liquid stake-token, hyperbeat servant, high-performance vaults on Hyperevm, Morphobeat, a credit layer that enables borrowing against vaulting positions and hyperbeat wages, a protocolal tern for traditional bank rails. Together with its portfolio Tracker, Hyperfolio, Hyperbeat is designed to give dealers, protocols and institutions a fully integrated way of acting, earning and using on-chain
The news of the seed increase comes as Hyperliquid’s total value locked exceeds $ 2.1 billion and when institutions begin to develop greater interest in its ecosystem.
“Hyperbeat mixes strong technical performance with an authentic understanding of the Hyperliquid community,” said Avichal Garg, a general partner at Electric Capital, Co-Lead The Round, in a press release shared with Coindesk. “Hyperliquid has basically changed the trade on-chain, and Hyperbeat builds the rest of the economic stack with floating stack, isolated lending, strategy and portfolio tools.”
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