
Hyperwave
A yield protocol on Hyperliquid that tokenizes the HLP market-making vault into hwHLP, a liquid yield-bearing token usable across HyperEVM and Ethereum.

What is Hyperwave?
Hyperwave is a yield protocol on Hyperliquid that tokenizes Hyperliquid's HLP market-making vault into hwHLP, a liquid receipt token that earns HLP yield while staying composable across DeFi. Users deposit USDT0, USDe, or USDHL to mint hwHLP on HyperEVM or Ethereum, and can also use hwHYPE, an automated vault that optimizes HYPE deployment across HyperEVM lending markets.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.

