Sainsbury's EtherFi enters HyperLiquid — a bet on the growth of the HYPE DeFi ecosystem

EtherFi (TVL ~$9 billion) is entering HyperLiquid through a partnership with HyperBeat — a yield aggregator on HyperEVM (TVL $488 million).

📌 What is being launched:

— preHYPE: a multisig vault for early investments before the release of the beHYPE token

— Infrastructure from EtherFi + HyperBeat strategies

— In 6 weeks, preHYPE will transition to smart contracts

— Participants will receive yield and Hearts tokens from HyperBeat

📈 Context:

— HYPE token is rising, HyperLiquid is attracting institutional interest

— HyperEVM has only existed for 5 months — maturity risks remain

— ETHFI +29% over the month, but still -85% from the peak in March 2024

The partnership is a signal of trust in HyperLiquid. It strengthens EtherFi's position in DeFi, adding a new yield zone. However, the maturity of HyperEVM is still in question — the market will evaluate as the launch progresses.

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