Hyperdrive is a decentralized stablecoin money market built on the Hyperliquid blockchain. It offers users the ability to supply and borrow stablecoins, engage in liquid staking of $HYPE tokens, and utilize HLP (Hyperliquid Liquidity Provider) tokens as collateral. The platform provides one-click yield strategies, aiming to simplify the user experience in decentralized finance (DeFi).
