🔸 Recently, the Hyperliuqid ecosystem has been quite popular, so I am looking for any good projects to promote. 🔻 Today I saw the stablecoin currency market @ hyperdrivedefi project, so I did a simple study. ▪️ Reasons why I want to fuck VC endorsement: On May 24th, HyperDrive completed a new Series A financing of $6 million, led by Hack VC and Arrington Capital. Hyperdrive is also a rare and financed project in the Hyper ecosystem. Early opportunity: HyperDrive was launched on the mainnet on 05/28 and announced the start of the points based S1 season on 06/17. The points activity has only been online for a week, and it is still very early now. Data is acceptable: According to DeFiLlama data, HyperDrive's TVL is $38 million, ranking among the top 10 in the Defi protocol of the Hyper ecosystem. Defi income: Currently, the APY of Supply UST0 stablecoin in HyperDrive is 9.2%, and simple stablecoin investment income is also good. ▪️ How to earn points? Supply USDT0 and USDe in the lending market. 2/Supply HYPE, BTC, ETH and other tokens, and borrow HYPE. 3/Borrow stablecoins. ▪️ Something that makes me slightly worried The original project was Ambit Finance, which conducted a 2-year points program on the BNB chain. Afterwards, Ambit Finance announced in December last year that it would switch to Hyperliquid and rename itself as Hyperdrive. The official statement states that Ambit points are still valid and responds that they can be Redeem in future TGEs, but the fact that the project has been running for many years but still does not have TGEs has raised doubts in the original community. In addition, I observed the DC and TG of HyperDrive, and the community activity and speaking frequency were not very high. That's all the basic information, everyone can consider whether to fuck or not.