Hyperwave’s second month has been packed with milestones.
The protocol has established hwHLP as the largest and leading form of tokenized HLP — with the most integrations, the highest yields, and growing adoption. Alongside the launch of hwHYPE, productive TVL has grown to more than $45 million.
Now, as we enter the second season of Wave Points, CEO Abi has unveiled the vision for the House of Payments — a bold step toward bringing forex payments onto the Hyperliquid order book.
Read on for the latest updates on integrations, liquidity, events, and more.
Season 2 Roadmap: Scaling Hyperwave
Last week we released a X article detailing our plans for Season 2.
During the 10 weeks of Season 1, Hyperwave has grown to over $45 million in productive TVL, and made a meaningful start in helping Hyperliquid house all of finance.
Hyperwave: The House of Payments
Hyperwave has revealed its vision for the House of Payments, a bold step toward migrating forex payments onto the Hyperliquid order book.
hwHLP and hwHYPE are the first building blocks of infrastructure to repipe currency conversions away from TradFi and onto the Hyperliquid order book—disrupting one of the most deeply entrenched global industries.
Season 2 Wave Points Campaign
Hyperwave Season 2 officially kicked off on August 29th.
Season 2 will run for 12 weeks, with 8% of the $HWAVE supply allocated to the campaign, taken from the total community allocation of 51%.
Wave Points, Community Badges, and referral bonues will continue from Season 1. Look out for special seasonal surprises along the way!
Hyperwave HYPE Launch
The Hyperwave HYPE vault deploys $HYPE in DeFi for the best risk-adjusted HYPE yield.
Deposit $WHYPE or HYPE derivatives to receive hwHYPE, and earn 50 Wave Points per day for every hwHYPE (equal in value to HYPE) you hold. As a bonus, the vault currently earns Hypurrfi, Hyperlend, and Felix points from strategic allocations.
If you deposited in the vault before Monday August 11th, 7am UTC and stay until TGE then you are eligible to receive a share of a bonus 2% of the HWAVE supply.
Want to learn more? Track vault deployments, historical APRs, TVL, and exchange rate data directly in the app.
Community Badges
Activate a Community Badge on the Hyperwave Portfolio to receive an additional 5% boost in Wave Points.
Current communities include: Benmo, CatBal, HL Names, Hyperbuilder, Liquidity Land, LQnians, BaldBros, PiPs, Odd Otties, Turtle Club, Mr Block, Hyperliquid Indonesia, Hyperliquid Korea, and Hyperliquid Spain.
Hyperwave Community Call
Join us on Fridays at 1pm UTC in the Hyperwave Discord, where we will be hosting our weekly Community Calls in the Hyperwave Town Hall.
The team will recap announcements, dive into new integrations, provide some alpha on what’s coming next, and most importantly answer any questions you may have!
CoreWriter Upgrade
We’re nearing the launch of the CoreWriter upgrade for hwHLP, with both audits now completed.
This zero-to-one unlock will enable full composability between HyperEVM and HyperCore. Building on this, Hyperwave is upgrading the hwHLP architecture to further minimize trust assumptions—without disrupting existing operations. The CoreWriter-based version of hwHLP is already under audit, and in the meantime you can explore current operational addresses and our transparency approach in the docs.
In the meantime, you can view hwHLP’s current operational addresses and learn more about our approach to transparency in the docs.
hwHLP on Pendle HyperEVM
hwHLP is now live on Pendle HyperEVM.
This pool joins our existing hwHLP Pendle pool on Ethereum, enabling you to speculate and trade hwHLP yields (HLP fees + Points) on both mainnet and HyperEVM.
Buy PT for fixed yield
Buy YT to lever up on HLP yield and Wave points
LP to earn HLP yield, swap fees, PENDLE rewards, and 4x Wave Points
hwHYPE on Pendle
It’s time to accelerate your HYPE on Pendle!
The integration of hwHYPE on Pendle amplifies vault yield and unlocks new trading opportunities. You can:
Buy Yield Token (YT) to lever up on yield. Each YT costs only a fraction of hwHYPE but gets all the yield and points, including points from strategic allocations and Wave Points at 100 per hwHYPE/day.
Buy Principal Token (PT) to get fixed yield. This represents hwHYPE without points or native yield, and can be redeemed 1:1 for hwHYPE at maturity.
Provide liquidity to earn hwHYPE yield and points from allocations, plus $PENDLE rewards, swap fees, and 2x Wave Points.
Hyperwave x Jigsaw
hwHLP is now fully integrated into the Jigsaw Protocol ecosystem on Ethereum mainnet. You can:
Deposit hwHLP as collateral to unlock new ways to leverage your assets and participate more deeply into the ecosystem
Move your hwHLP collateral into the Pendle LP strategy through Jigsaw to maximise yield
Hyperwave on Euler
The Hyperwave has come to Euler.
Borrow USDT against your hwHLP (and PT-hwHLP from Pendle), unlocking multiple lending and leverage strategies.
Deposit in hwHLP Frontier Market on Euler
Turtle Club Integration
hwHLP is now live on the Turtle deal page. Turtle members can also receive a 5% retroactive boost on Wave points for depositing into Hyperwave and using the Turtle Club referral code!
hwHYPE Pyth Price Feed
The price feed for hwHYPE is live on Pyth Network, and sponsored on HyperEVM and across 100+ blockchains.
hwHLP on Hyperstable
hwHLP is now on Hyperstable, the first veCDP stablecoin protocol on Hyperliquid. Supply $USH, $USDT or $USDe, or deposit hwHLP and borrow to earn Wave Points.
Hyperdrive’s USDT0 Pioneer Market
hwHLP is now collateral on
Hyperdrive’s USDT0 Pioneer Market. Supply hwHLP and borrow USDT to earn yield and unlock lending and looping strategies.
Project X hwHLP/USDT0 Pool
The hwHLP/USDT0 pool is live on ProjectX. Deposit and earn 2.5x Wave points in the 0.05% pool.
Balancer hwHLP/USDT Pool
Deposit in the hwHLP/USDT pool on Balancer to earn:
Lending yield for idle USDT deployed in Hypurrfi
Fee revenue from providing liquidity
3.5x Wave Points
Penpie hwHLP Pool
Deposit hwHLP in Penpie to unlock multi-dimensional rewards and earn:
4x Wave Points
APY in boosted $PENDLE rewards
Bunni hwHLP/USDT Pool
The hwHLP/USDT pool is live on Bunni with a multi-stream yield design built for performance. Deposit in the pool to earn:
Wave Points
Swap fees on Bunni
Rehypothecated USDT via Euler
oBUNNI incentives (From BRC 004)
HLP vault yield inside hwHLP
PT-hwHLP on Hypurrfi
The new PT-hwHLP market on Hypurrfi unlocks lending and leverage for fixed yield on hwHLP, and earns 2x Wave Points for borrowing.
Kairos Research Report
Kairo’s latest research report explores how Hyperwave is unlocking the HLP vault with hwHLP.
Discover how Hyperliquid’s continued volume and growth presents as an opportunity for the budding Hyperliquid DeFi ecosystem, and how Hyperwave is unlocking that value with hwHLP.
Taipei Blockchain Week
Hyperwave’s Chief Growth Officer João Simões, will be attending the Mr Block Summit at Taipei Blockchain Week.
Reach out to João on X if you’d like to connect or meet up during the event.
Why hwHLP belongs in your Portfolio | Space
In this Space we were joined by the Kairos team to break down their recent research report.
HyperEVM Super Live | Balancer Space
We joined Balancer’s latest Space alongside Looping Collective and Hypurrfi to deep dive into HyperEVM, one of the most promising EVM blockchains at the moment.