Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by ether.fi Ventures and Electric Capital.
The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem.
The round also drew investments from Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and community backers via the HyperCollective.
Hyperbeat serves as the native yield layer for Hyperliquid, building permissionless financial infrastructure that allows anyone to earn, stake, and spend directly from their on-chain portfolio. It unlocks yield generated by Hyperliquid’s funding rates—previously accessible only to sophisticated market participants—and packages it into simple, tokenized vaults.
Core products in the Hyperbeat ecosystem include beHYPE, a liquid staking token, Hyperbeat Earn, high-yield vaults on HyperEVM, Morphobeat, a credit layer enabling borrowing against vault positions, and Hyperbeat Pay, a protocol alternative to traditional banking rails. Together with its portfolio tracker, Hyperfolio, Hyperbeat is designed to give traders, protocols, and institutions a fully integrated way to trade, earn, and spend on-chain
The news of the seed raise comes as Hyperliquid’s total value locked surpasses $2.1 billion, and as institutions are starting to develop greater interest in its ecosystem.
“Hyperbeat blends strong technical execution with an authentic understanding of the Hyperliquid community,” said Avichal Garg, a general partner at Electric Capital that co-lead the round, in a press release shared with CoinDesk. “Hyperliquid has fundamentally shifted trading on-chain, and Hyperbeat is building the rest of the financial stack—starting with liquid staking, isolated lending, strategy vaults, and portfolio tools.”
Read more: What’s Next for Hyperliquid’s HYPE Token? What Wall Street and Analysts Are Saying