Overview
Hypervault is a non-custodial, auto-compounding yield aggregator on HyperEVM. Each vault maintains internal account balances and a global accrual index that credits realized profit to depositors. Modular strategy adapters deploy capital to external venues (lending, looping, CL-AMMs). An in-house keeper bot harvests rewards, converts them to the vault’s underlying token, applies performance fees, and redeploys. Withdrawals return a depositor’s ledgered balance pro-rata of the vault’s total assets after any required strategy unwinds. Contracts are immutable (no proxies). A transferable ERC-20 points token recognizes participation and enrolls users to participate in a future airdrop.
Design goals
Capital efficiency: combine passive (lending) and active (looping/CL-LP) sources.
Resilience: modular strategies; controller-guided allocations; emergency withdraws.
Observability: TVL, user balances, rewards and on-chain points via events.
Sane defaults: no manual claiming; deposits/withdraws at any time (subject to gas/AMM liquidity).
HyperEVM specifics
HyperEVM is an EVM environment integrated with HyperCore, enabling smart contracts to read/write state across sequential blocks with low latency and EIP-1559-like fee burning. Keep in mind Core↔EVM transfer caveats, gas characteristics, and the ability for contracts to reference HyperCore state where exposed.
Hypervault serves depositors who want automated, diversified DeFi yield on HyperEVM: passive holders, DAOs/treasuries, and power users who prefer dynamic rebalancing, auto-compounding, and guardrails over manual micromanagement.
Personas
Passive holders of HYPE, USDT0, UETH, UBTC, feUSD, wstHYPE, USDe. Want set-and-forget yield with periodic harvests handled automatically.
DAOs & treasuries. Seek diversified, rules-driven deployments with transparent accounting, immutable code, and parameter controls.
Liquidity providers. Prefer managed CL-LP ranges, auto-collecting fees/emissions, and re-centering mechanics.
Conservative lenders. Favor lending sleeves with predictable returns and limited volatility.
Advanced users. Appreciate leverage loops under strict safety parameters (HF/LTV bounds, automated delevering).
Suitability & Risk Profile
Capital preservation: Guardrails (HF/LTV caps, CL-LP band limits) reduce drawdown risk, but do not eliminate it.
Hands-off: In-house keeper handles harvests and safety procedures.
Transparency: Internal ledger + accrual index; on-chain events and ERC-20 points.
Not ideal for strategies requiring real-time discretionary management beyond configured policies, or for users who require guaranteed returns.
What Hypervault Is (and is not)
Hypervault is a non-custodial, immutable set of vaults that:
Pool capital per underlying asset (e.g., HYPE, USDT0, UETH, UBTC, feUSD, wstHYPE, USDe).
Allocate dynamically across a palette of strategies (DEX CL-LP, lending, looping) guided by controller policies and risk guardrails.
Auto-compound realized rewards back into the underlying, updating a global accrual index rather than minting vault shares.
Operate with an in-house keeper that performs harvests/rebalances/delevers; no third-party automation service is required.
Hypervault is not: a proxy-upgradeable system (no UUPS/Transparent), a fixed-weight allocation fund, or a “set and forget forever” scheme immune to market risk. Risk controls reduce but do not eliminate, drawdown and liquidity risks.
Key Capabilities at a Glance
Internal Ledger + Accrual Index: No ERC-4626 shares. Each depositor’s credited balance = principal × (current index ÷ entry index).
Dynamic Allocations: Weights across strategies adapt to observed APRs, risk signals, volatility, and venue conditions.
Strategy Palette
DEX CL-LP: concentrated-liquidity ranges; fee + emission capture, periodic re-centering.
Lending: stable base yield from money markets.
Looping: conservative, guarded leverage carry.
Keeper-Driven Operations: In-house bot harvests, converts rewards, applies fees, updates the index, delevers loops, and re-centers CL-LP bands.
Transparent Economics: 10% performance fee on realized harvest profits, paid to a public fee EOA; no deposit/withdraw fees by default.
Points + Referrals: ERC-20 points accrue by size×time (with optional boosts); referrers earn 5% of referees’ produced points (single-level).
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