Hyperlock Sees Explosive Growth on Blast L2, Emerges as Major Yield Trading Protocol
Hyperlock, Aura's first franchise on Blast L2, has experienced rapid growth, becoming the third largest protocol on Blast with a total value locked (TVL) of $227 million in just over a month since its launch. Hyperlock acts as a layer on top of Thruster, boosting rewards for liquidity providers (LPs) and eventually THRUST stakers. It has introduced yield trading opportunities to Blast, allowing users to receive fixed yields on USDB or WETH or optimize for points from various programs. The emergence of points programs and yield trading via Pendle has become a major theme in DeFi. Hyperlock's success benefits Aura through HYPER token allocations, potential Thruster fee share, pooled resources, and collaboration.