Hyperdrive Launches HYPE Aid Fund to Strengthen Hyperdrive's Money Market

Hyperdrive, a stablecoin market built on Hyperliquid, tweeted that it has launched the $HYPE Aid Fund to closely integrate Hyperliquid and Hyperdrive, while strengthening Hyperdrive's money market. The official statement states that the operating principle is as follows: Hyperdrive generates protocol revenue through stablecoins and other assets; this revenue is then transferred to the fund, which uses it to purchase $HYPE on the open market; and this $HYPE is supplied as liquidity to the Hyperdrive market (i.e., the HYPE/LST market). [Foresight News]