ChainCatcher News, according to CoinDesk, Hyperliquid's ecosystem-native yield layer Hyperbeat has completed a $5.2 million oversubscribed seed round financing, co-led by ether.fi Ventures and Electric Capital, with participation from Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and supporters from the HyperCollective community.

It is reported that Hyperbeat aims to build permissionless financial infrastructure, allowing anyone to earn yields, stake, and spend directly from their on-chain portfolio.