Decentralized stablecoin protocol Hyperdrive has officially closed a $6 million Series A funding round, signaling strong investor confidence in the project’s long-term vision.
The financing was led by two major players in the crypto venture capital space, Hack VC and Arrington Capital.
Other prominent participants in the round include Delphi Digital, SIG DTI, Proof VC, Caladan, Amber Group, CMS Holdings, and well-known angel investor Will Price.
According to Hyperdrive, this capital will be directed toward building what they describe as the “final layer of stablecoin yield infrastructure” on the Hyperliquid blockchain. The official launch is scheduled for May 27, 2025.
Aiming to Revolutionize the Stablecoin Yield Ecosystem
Hyperdrive positions itself as a decentralized money market focused on stablecoin yield optimization.
Built on the Hyperliquid blockchain, it aims to address a critical gap in the ecosystem providing reliable, decentralized returns on stablecoin holdings.
With stablecoins evolving from a niche experiment to a multi-hundred-billion-dollar asset class in just five years, Hyperdrive’s team believes that the next frontier lies in widespread stablecoin adoption for earning interest.
In a statement, the company outlined its vision: a future where every wallet holds a stablecoin, and every stablecoin earns yield seamlessly through their protocol.
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Strategic Investor Alignment and Community Ownership
The company emphasized the alignment of its mission with the goals of its investor base.
Alongside institutional investors, several “s-tier” angels have backed the project, including @izebel_eth, Blurr, Anthony Ghosn, and Taiki Maeda.
Hyperdrive stated that these backers were selected not only for their capital but for their deep understanding of decentralized finance (DeFi) and long-term commitment to the protocol’s growth.
The strategic alignment is expected to accelerate the development of innovative DeFi infrastructure, positioning Hyperdrive as a major player in the decentralized stablecoin sector.
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Community Round Underscores Grassroots Support
In parallel with the Series A round, Hyperdrive conducted a $1 million community fundraising round on the Echo platform via Comfy Capital and Breed VC.
Notably, this round sold out in under one minute and was offered on the same terms as institutional investors, reinforcing Hyperdrive’s commitment to decentralization and community ownership.
The dual-structure funding approach not only democratized access to early investment opportunities but also built a loyal grassroots base that will likely play a crucial role in governance and protocol adoption.
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Launch on Hyperliquid and Incentives for Early Adopters
Hyperdrive is set to officially launch on May 27 on the Hyperliquid blockchain, complete with a points program designed to reward early adopters and high-performing strategies.
The project has teased additional announcements and updates via its X (formerly Twitter) account, encouraging the community to stay engaged.
The blend of institutional backing, community funding, and performance-based rewards positions Hyperdrive to emerge as a central hub for stablecoin yield infrastructure in DeFi.
With its “all gas, no brakes” approach, the team appears determined to push the limits of what’s possible in stablecoin innovation.