Technical details

Hyperwave’s Hyperwave HLP is built on the boring-vault standard, a battle tested Vault standard currently facilitating ~3.5 Billion in TVL Across multiple vaults. The boring vault has been audited by Spearbit and 0xMacro. In addition to this periphery contracts have undergone further audits by Zenith, ThreeSigma and CodeSpect.

Process flow

• User deposits USDe/USDT to token contract

• hwHLP is minted based on latest exchange rate

• Hyperwave strategists swaps USDe/USDT0 for USDC & deposits into HLP Vault

• Onchain oracle reads the state of vault reprices exchange rate

Hyperwave Multisig Access Controls

Hyperwave is secured by a 4/7 Multisig consisting of the board of Hyperwave DAO. Signers are globally distributed and utilize a variety of multisigs to limit systematic risk amongst signers.