EtherFi Expands to HyperLiquid Ecosystem Through Collaboration with HyperBeat

EtherFi, the largest Ethereum-based liquid restaking protocol with nearly $9 billion in total value locked (TVL), is branching out into the Hyperliquid ecosystem via a pre-deposit partnership with HyperBeat, the top yield aggregation protocol on the HyperEVM, Hyperliquid’s Layer 1 blockchain.

EtherFi and HyperBeat are launching preHYPE, a secure multi-signature vault for early deposits ahead of the release of beHYPE, a liquid staking token (LST). The vault leverages EtherFi’s existing infrastructure and user network alongside HyperBeat’s yield optimization strategies. Within six weeks, preHYPE is set to transition to a fully smart contract-based system, according to a release viewed by The Defiant.

Depositors can benefit from staking yields along with access to "Hearts," HyperBeat’s rewards program.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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