DELV

Hyperdrive whitepaper released

https://github.com/delvtech/hyperdrive/blob/main/docs/Hyperdrive_Whitepaper.pdf

co-flounder @ delv.tech | linux and led zeppelin

can you TLDR us on why this is an incredible, futuristic, sci-fi, product?

Cofounder at /sonata and wanderer of the occult at /magick.

sure! I think it's the future of fixed rates bc of:

1) Terms on Demand: Users to mint new terms when they open a position. The AMM underwrites a new term whenever a posish is opened.

2) Everlasting Liquidity: The pools never expire. LPs can ape once and don't need to roll over to new terms.

if you remember Element, terms were released by the team. it was a manual effort and the ux was clunky. LPs had to rollover their liquidity to subsequent terms when they matured and buyers could only purchase fixed/variable rates on terms that were already in progress. Hyperdrive fixes all these issues.

3) Single-Sided Liquidity: the LP mechanism requires only a single asset. This makes providing liquidity simple and efficient.