Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital
Main Idea
Hyperbeat, a protocol for yield infrastructure on Hyperliquid, raised $5.2 million in an oversubscribed seed round led by ether.fi Ventures and Electric Capital, with participation from other investors including Coinbase Ventures.
Key Points
1. Hyperbeat secured $5.2 million in a seed round co-led by ether.fi Ventures and Electric Capital.
2. Other investors included Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and community backers via HyperCollective.
3. Hyperbeat serves as the native yield layer for Hyperliquid, offering tokenized vaults and products like beHYPE and Hyperbeat Earn.
4. The funding will support Hyperbeat's ecosystem, including high-yield vaults and a credit layer for borrowing against Hyperliquid's total value locked.
Description
Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by ether.fi Ventures and Electric Capital. The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem. The round also drew investments from Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and community backers via the HyperCollectiv...
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