Hyperdrive

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Hyperdrive is published as a versioned release inside the Delv protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Hyperdrive is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Oct 9, 2024
   Listed on DeFiLlama
2. Jun 17, 2025
   Product is winding down

Hyperdrive operates in the Yield category of DeFi. It is deployed across 4 chains, including Ethereum, Linea, xDai, Base. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2025.

Hyperdrive operates on 4 networks (Ethereum, Linea, xDai, Base), keeping its surface area narrower than chain-agnostic peers. Roughly 98% of its on-chain value sits on just three networks (Ethereum, Linea, xDai), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for Hyperdrive — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Hyperdrive is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure $5.2B in deposits, giving you a frame of reference for whether Hyperdrive's own TVL is at the top, middle, or tail of the category.

Pendle

TVL $2.3B · 24h +0.37%

Spark Savings

TVL $1.4B · 24h +0.35%

Convex Finance

TVL $722.7M · 24h +0.66%

Multipli.fi

TVL $342.7M · 24h -0.01%

Strata Markets

TVL $259.5M · 24h +0.70%

infiniFi

TVL $177M · 24h +1.74%