HyperStrategy · The next chapter

More ways in.
One treasury.

New products, released in stages. More ways to build liquidity and grow treasury HYPE. Then, at the required reserve milestone: HYPE loans backed by HSTR.

Product vision & staged roadmapSeptember 20265 minute read
The idea

Every product has a job.
They all build toward the same future.

Convertible Bonds established the foundation. The next releases give people more ways to acquire HSTR, build liquidity and trade HYPE. Together, they can bring lasting capital and recurring activity into the ecosystem.

The product releases

Three ways to build the foundation.

Illustrative deposit split
$1,000 USDT0
$250Build liquidity
$750Held in escrow
One deposit. Two jobs.
BLBonds · Boosted Liquidity

The deposit builds its own market.

In the proposed 25/75 structure, part of each deposit buys HSTR and forms protocol-owned liquidity. The rest stays escrowed while the bond awaits its outcome.

A qualifying close converts the full face value into HSTR at the strike. Once that HSTR entitlement is funded, released cash becomes available for the treasury’s HYPE strategy.

The two outcomes

At or above the closing strike: HSTR at the strike rate, based on full face value. Below it: the 75% cash portion is claimable within seven days of maturity. The liquidity allocation is committed, so principal is not guaranteed. A separate participation reward is planned; its terms will be announced independently.

Explore BLBonds ↗
The treasury match
You bringUSDT0
+
Treasury bringsHSTR
Shared liquidityYour share stays yours.
Bring one asset. Build together.
MLBonds · Matched Liquidity

Your missing half is someone else’s starting point.

Bring USDT0 and match with treasury HSTR. Or use community matching to pair one participant’s HSTR with another’s USDT0. The result is a shared liquidity position with recorded ownership.

Users get a simpler route into liquidity provision. HyperStrategy gets a deeper market without having to supply every side of every position.

Ownership and rewards

Principal follows the value contributed at entry. Fees follow campaign terms, and rewards come from a funded allocation. User-owned liquidity is not treasury revenue. LP value and asset composition can change.

Explore MLBonds ↗
The Bond Desk
USDT0 / HYPEReserved HSTR
Capital stays. HSTR drips.
Bond Desk · Permanent Capital

A structured entry. A lasting contribution.

Exchange USDT0 or HYPE for HSTR under the desk’s discount and price-floor rules. Your allocation is reserved from existing inventory and released over time.

Choose capital that builds permanent liquidity or treasury reserves. The HYPE reserve route grows treasury HYPE directly; the liquidity route strengthens HSTR’s market.

What you receive

This is a purchase, not a loan: the protocol keeps the deposited capital and you claim the agreed HSTR allocation under the vesting and claim terms. The desk does not mint new HSTR. HYPE deposited through the liquidity route is routed into the assets needed for that position.

Explore the Bond Desk ↗
More reasons to return

Three views on HYPE.
Three ways to take a position.

Fully funded positions bring trading activity into the ecosystem. Each side knows the capital it commits.

CALL

Buy the upside.

Pay a premium for HYPE upside above a strike, up to a cap. Writers fund the maximum payout and earn the premium.

Explore CALL ↗
PUT

Cover the downside.

Pay for a payout below the strike. Writers lock the cash needed to cover it. Coverage and fees determine the protection.

Explore PUT ↗
DEGEN

Pick your side.

Bull and Bear fund one pool. HYPE’s final price divides it across a defined band. The pool is the payout limit.

Explore DEGEN ↗
Why it fits together

Activity feeds the treasury.
The treasury builds the foundation.

BLB can create buying activity and liquidity. MLB connects capital. The Bond Desk attracts permanent reserves. Trading can generate earned fees.

The intended allocation loop puts treasury assets to work, then directs net returns toward more HYPE and HSTR buybacks. More utility and deeper liquidity strengthen the reasons to participate.

The intended HyperStrategy flywheelParticipation can build capital and liquidity. Treasury HYPE can earn net returns that are allocated to further HYPE accumulation and HSTR buybacks, supporting future participation. HYPETREASURY Participation Capital + LP Net returns HSTR buybacks
Reinvest. Accumulate. Build more utility.
The rollout

Released in stages.
Built to compound.

  1. 01

    Release the products

    BLBonds, MLBonds, the Bond Desk and trading arrive in stages, with funded allocations, verified settlement and terms announced for each opening.

  2. 02

    Grow treasury HYPE

    Build liquidity and recurring activity. Allocate available capital and net income toward a larger, productive HYPE reserve.

  3. 03

    Enable HYPE loans

    Once treasury HYPE reaches the required threshold, open the next phase: borrowing HYPE using HSTR as collateral.

The next phase

Keep your HSTR.
Access HYPE.

Once the treasury reaches the required amount of HYPE, we will enable HYPE loans using HSTR as collateral.

Holders could access HYPE without selling HSTR upfront. The treasury could earn interest by lending a controlled portion of its reserves. A larger treasury becomes a service holders can use.

You provideCollateral
You borrowLoan

More ways to participate. More reasons to return.
One treasury. A more useful HSTR.