gWAVE,
Hyperwave is about to enter its next phase.
With the upcoming launch of HWAVE and GWAVE, we’re returning protocol revenue to users and taking a major step toward a fully on-chain, community-owned financial ecosystem.
Before we get there, here are five things you should know about Hyperwave — including an exclusive sneak peek of something we haven’t revealed yet.
1. Hyperwave vaults are best-in-class
hwHYPE has consistently ranked among the highest-performing vaults, delivering smooth and stable yields while maintaining top-tier security and professional vault management. The newly launched hwUSD vault will be the same —and this is just the beginning, with more vaults on the way.
Data from https://app.dimensionalcapital.xyz/
2. The leading tokenized HLP
The HLP vault is a core part of the Hyperliquid ecosystem, democratizing market-making by allowing anyone to earn from trading fees and liquidations. Hyperwave brought this strategy into DeFi by tokenizing HLP for the first time with hwHLP, becoming the category leader and the largest tokenized HLP provider.
3. We're building the House of Payments
Crypto cards enabled easy real-world stablecoin payments, but the underlying system still routes transactions through banks and intermediaries that capture most of the value. Hyperwave aims to replace these middlemen with a user-owned liquidity layer on Hyperliquid, transforming cross-border payment flows into on-chain forex trades. The result is instant settlements, transparent fees, and yield-bearing deposits—all powered by a purpose-built forex market (HIP-3) designed to return value to users rather than institutions by tapping into the 60B+ cross-border payments market.
The Hyperwave Loyalty Fund gives users a direct share of protocol revenue, similar to how the Assistance Fund rewards the Hyperliquid community. Revenue generated by Hyperwave is used to buy back $HWAVE, the DAO’s governance token. Holders who stake $HWAVE receive $GWAVE, a liquid token that automatically accrues yield from these buybacks—letting loyal users earn directly from the protocol’s growth.
Learn more about the Hyperwave Loyalty Fund
5. Much more is in store
AI is unlocking new possibilities that will reshape how we interact with markets. At Hyperwave, a team of AI researchers and developers is working quietly behind the scenes to bring this to Hyperliquid. Our closest community members will soon get early access to this interface built on builder codes.
