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  1. Element Protocol

Hyperdrive Testnet

This section is dedicated to the Hyperdrive AMM Testnet implementation

Hyperdrive is an automated market maker (AMM) that enables fixed-rate markets to be built on top of arbitrary yield sources. It deploys assets into those yield sources and wraps them as Hyperdrive positions represented as hy[Tokens] that trade at a discount (%) and can be redeemed for their full face value at maturity. Since the hy[Token]’s initial cost and value at maturity are known upfront, this discounted purchase represents a fixed rate of return. Learn more by reading Hyperdrive's Docs.

Hyperdrive is currently in its testing phase, which can be accessed through the testnet UI on Ethereum's Sepolia chain. You'll also have to configure the testnet on your wallet provider (e.g. MetaMask or similar).

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Last updated 9 months ago

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