Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/what-happens-when-$57-billion-in-liquid-staking-tokens-get-safe-leverage-the-hyperdrive-thesis.
Hyperdrive launches leverage markets using redemption-based pricing to eliminate liquidation cascades in DeFi. Can it finally make crypto leverage safe?
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Hyperdrive is building a leverage protocol that values collateral using contractual redemption prices instead of real-time market data. The design targets the structural flaw behind DeFi's biggest crashes, where forced liquidations trigger cascading sell pressure. With tokenized RWAs crossing $36 billion and liquid staking TVL at $57 billion, the timing is deliberate.