Hyperdrive Incident Report Date of Discovery: March 23rd, 2025 Status: All pools paused. No known loss of funds. Summary On March 23rd, 2025, a vulnerability was identified in the Hyperdrive smart contracts that, under specific conditions, could allow a large liquidity provider (LP) to withdraw more value than they were entitled to. This
DELV Big Short Energy Starting today, you can earn additional DAI rewards when you open short positions on two Hyperdrive pools.
Announcement Featured New President, New Era for DeFi. Are You Locked In? We’re ready to do our part in advancing a new pro-crypto agenda.
DELV Fixed Borrow Featured Introducing DELV Fixed Borrow: Taking the Chaos Out of DeFi Borrowing We're excited to unveil DELV Fixed Borrow—a new product from the builders at DELV and created in collaboration with Morpho—that will play a game-changing role in the DeFi lending landscape.
YieldFest Wave 9: Hyperdrive Adds Moonwell Flagship ETH Vault and Staked WELL Hyperdrive is integrating with the Moonwell Flagship ETH Vault and adding Staked WELL, which is now available for users.
YieldFest Wave 8: Hyperdrive Deploys Savings USDS as a New Yield Source Hyperdrive has deployed Savings USDS, the tokenized version of USDS deposited into Sky Savings Rate, and it’s now available for users.
YieldFest Hyperdrive is Now on Base! It’s another big week with important news to share! Today, the Hyperdrive Protocol (developed by DELV; this instance operated and managed by the Element DAO) has officially been deployed to Base, along with a new asset integration: Coinbase Wrapped Staked ETH (cbETH). “This deployment is a major leap forward
YieldFest Wave 6: Hyperdrive Deploys on Linea with rsETH as a New Yield Source The Hyperdrive Protocol has deployed on Linea and a new yield source has been added: rsETH from Kelp.
YieldFest Wave 5: Angle’s stUSD and Morpho's wstETH/USDA Are New Yield Sources on Hyperdrive We’re proud to share that Angle’s stUSD and Morpho’s wstETH/USDA are now available as yield sources on the Hyperdrive Protocol.
YieldFest Wave 4: Gnosis Chain Deployment Brings Two New Yield Sources to Hyperdrive Hyperdrive has been deployed to Gnosis Chain, along with two initial yield sources: wstETH and Savings xDAI (sDAI).
YieldFest Wave 3: ether.fi's eETH and Morpho's wSTETH/USDC Are Now Available as Yield Sources on Hyperdrive We’ve got two more additions to celebrate: Morpho’s wSTETH/USDC and ether.fi’s eETH are available as yield sources on the Hyperdrive Protocol.
YieldFest Wave 2: Hyperdrive Now Supports Renzo’s ezETH and Morpho’s USDe/DAI as Yield Sources We’re excited to announce two major new additions to the platform: support for ezETH from Renzo and Morpho’s USDe/DAI as yield sources.
YieldFest Wave 1: Start Earning Yield with Rocket Pool’s rETH and Morpho’s sUSDe/DAI on Hyperdrive YieldFest is officially underway! We’re thrilled to announce that Rocket Pool ETH (rETH) and Morpho’s sUSDe/DAI are both now available to Hyperdrive users.
YieldFest Join Us for YieldFest: Start Earning with New Yield Sources via Hyperdrive Pools Over the coming weeks, you can expect to see additional yield sources such as LRTs, Morpho vaults, AAVE markets, and many more that will open up fresh opportunities for generating returns
Hyperdrive Security Roadmap Update #3: New Audit Report and Bug Bounty Program Launch TL;DR * To-date, Hyperdrive has undergone six audits and formal verifications * The latest audit uncovered nine non-critical issues which were all addressed prior to launch * There is now a public bug bounty program, hosted in partnership with Cantina for up to $100k to further enhance security, in which individuals can
Element DAO's Hyperdrive deployment is officially live on Mainnet! tl;dr ▶️ app.hyperdrive.box Intro The first Hyperdrive deployment has officially been released to Ethereum Mainnet with Element DAO! After over a year of research and development and a successful testnet launch, we are beyond thrilled to announce that Element DAO's Hyperdrive instance is now live. This
Introducing the Hyperdrive Analytics Dashboard Together with Block Analitica, we’re excited to announce the launch of a new analytics dashboard for Hyperdrive’s testnet! This marks the achievement of another key milestone in our journey to bring a novel approach to fixed and variable yields to DeFi. If you’re new to Hyperdrive, check
Hyperdrive Security Roadmap Update #2: New Audit Report! At DELV, we take security very seriously. Today, we are excited to share and showcase: * The key findings from the most recent Hyperdrive AMM protocol audit * The recently released Hyperdrive Testnet with Element DAO For our previous security update on Hyperdrive, read more "Hyperdrive Security Roadmap Update: Pre-Testnet Audit
Hyperdrive Testnet is Live! Introduction We are excited to announce the release of the Hyperdrive testnet! This marks an important milestone towards enhancing DeFi yield markets for the world. TL;DR - Hyperdrive Testnet is live for you to kick the tires on! 1. If you missed it, check out the Hyperdrive Introduction post
Hyperdrive Security Roadmap Update: Pre-Testnet Audit Reports Are In! The first set of audit reports are now available! Security is a top priority at DELV and we have dedicated significant resources to our ongoing security efforts. Today, we’re excited to share the key findings from the Hyperdrive automated market maker (AMM) protocol audits, along with the complete reports,
Introducing the Hyperdrive Protocol: Fixed and Variable Rates, Reimagined. Reliable sources of fixed and variable yields are necessary for emerging on-chain financial markets to thrive. Over the past year, our research-driven team at DELV has been quietly obsessing over core problems of rate models in DeFi and building a novel solution. Today, we are excited to introduce Hyperdrive, a
Withdrawing Funds from the Element Protocol: A Step-by-Step Guide Using Etherscan Introduction In March 2022, DELV (then doing business as Element Finance, Inc.) released control of the Element Protocol to the community. In February 2023, DELV announced that it planned to discontinue its front end for accessing the Element Protocol, and placed a banner atop the website informing users that the
Who we are. What we do. Why we do it. We believe in staying at the forefront of innovation and always experimenting, so we've created a new brand identity to reflect our vision and values. WHAT WE DO It all began with an open-source protocol for fixed and variable yield markets, originally called Element. The time to govern
Launching Council Kit tl;dr * council.element.fi * v.0.0.1 of Council Kit has been released – the SDK for launching DAOs on demand. It is fully documented with guides, video tutorials, and everything you’ll need to bootstrap your DAO. * Council is part of a suite of products that the team
Spark into DeFi Hyperdrive Using DeFi’s core lego building block MakerDAO, Spark and Element Finance are working together to build a new fixed rate lending product built on top of a Spark Lend market. Spark will use Element Finance’s new AMM, Hyperdrive, which will allow users to take DAI loans on demand
