Hyperbolic Protocol $HYPE

Hyperbolic Protocol, also known as HYPE, is a remarkable project in the cryptocurrency space that presents a unique, cutting-edge approach to collateralized lending. Using HYPE, borrowers can leverage their crypto assets as collateral to borrow ETH, which can then be paid back over time. This innovative approach presents an opportunity for individuals to obtain and utilize liquid capital whilst maintaining their position in an asset, negating the need to sell the asset.

About the Hyperbolic Protocol

The Hyperbolic Protocol distinguishes itself in the market through its unique features and capabilities. It is the world's first fully on-chain collateralized lending protocol. The protocol leverages built-in Uniswap V3 TWAPs and automated variable APRs, and it also generates protocol fees. These unique features are designed to maximize investor yield, spur protocol growth and promote sustainability.

Project History

The Hyperbolic Protocol was launched on June 12th, marking a significant milestone in the evolution of collateralized lending solutions in the cryptocurrency market.

What's Next for Hyperbolic Protocol?

The future of Hyperbolic Protocol holds promising prospects. Plans are underway to add additional functionality, onboard new investors, and expand exposure. These strategies aim to enhance the protocol's capabilities and its appeal to existing and potential users.

Token Utility

HYPE Tokens have a significant role within the protocol. Holders of HYPE tokens receive real yield in ETH from all fees accrued from protocol usage. Remarkably, no staking is required, making it a hassle-free yield-generating mechanism for token holders.