Biteye
Biteye|Feb 18, 2025 10:50
🚀 What new ecosystem projects worth paying attention to with the launch of HyperEVM? Today, HyperEVM is finally online! As part of the Hyperliquid extension, HyperEVM brings a more efficient trading experience to the platform and provides more opportunities for innovative projects in the ecosystem. This article reviews several innovative projects in the HyperEVM ecosystem to see how they bring new gameplay and opportunities to users. 👇 ⭐ 1 HyperLend @hyperlendx HyperLend is a decentralized lending platform that originated from the HyperLiquid ecosystem and offers three different types of lending pools: Core Pools, Isolated Pools, and Peer to Peer Pools. Unlike traditional lending platforms, one innovation of HyperLend is that it allows users to use HyperLiquidity Provider (HLP) as collateral for lending. This not only opens up new uses for HLP tokens, but also allows users to receive additional rewards on Hyperliquid's perpetual contract platform. ⭐ 2 Silhouette @silhouette_ex Silhouette is an upcoming decentralized trading environment designed to provide private transaction execution while still integrating with the liquidity engine of the Hyperliquid chain. By adopting cutting-edge privacy technologies such as fully homomorphic encryption (FHE) and secure multi-party computation (sMPC), Silhouette ensures that transaction details are efficiently processed on chain while maintaining privacy. Unlike traditional DEX and current Hyperliquid, Silhouette uses a hidden matching engine to prevent front running, Maximum Extracted Value (MEV) attacks, and information leakage. It provides a protection strategy and a hidden execution platform for bulk traders, ensuring competitive pricing and high liquidity while also enhancing privacy protection. ⭐ 3 Unit @hyperunit Unit is a decentralized asset tokenization layer built specifically for Hyperliquid, aimed at providing seamless deposit and transaction services for various types of assets. Its first integration allows major spot encrypted assets to flow between Hyperliquid and its native blockchain, supporting BTC access starting today. The launch of Unit provides users with the following features: One click native deposit and withdrawal: Users can directly deposit or withdraw BTC through self managed wallets or centralized exchange accounts (ETH and SOL will also be supported in the future). Unified trading experience: Users can trade spot and derivative products on the same platform. New capital inflow pathway: Supports direct transfer from any native chain to spot, which can be exchanged for USDC upon sale. ⭐ 4 Kinetiq @kinetiq_xyz Kinetiq is a liquidity staking protocol that allows users to deposit their HYPE tokens into the protocol and receive an equivalent liquidity staking token - kHYPE. Kinetiq will allocate the HYPE stored by these users to multiple verification nodes, but not simply distribute them evenly. Instead, a scoring system is used to evaluate the performance of these verification nodes. The core goal of this system is to ensure that the validation nodes remain online and functioning properly at all times. If the performance of a verification node does not meet the standard, Kinetiq will transfer the HYPE assigned to that node to other nodes with better performance. This design not only optimizes the security of the network, but also encourages verification nodes to improve their operational quality, ensuring the health and stability of the liquidity pledge process. ⭐ ️ 5 Felix @felixprotocol Felix is a stablecoin protocol based on Liquity v2 code, issuing over collateralized stablecoins like feUSD. Users can mint feUSD by pledging Hyperliquid assets such as HYPE, PURR, as well as BTC, ETH, and SOL. Felix maintains a 1:1 anchor pricing of feUSD through a redemption mechanism, allowing users to redeem equivalent collateral at any time. If the price of feUSD deviates from its target, arbitrageurs can help restore its stability through redemption mechanisms. In addition, Felix also provides a "stable pool" where users can deposit feUSD to earn profits and earn rewards by participating in the clearing process. From privacy trading to asset tokenization, these new projects not only enrich the functionality of Hyperliquid, but also bring more possibilities to DeFi. In the future, can HyperEVM continue to attract more innovative projects and bring stronger ecological vitality? What do you think? Feel free to leave a message. 🤔
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