Hyperbeat
About
Hyperbeat is a non-custodial "Liquid Banking" platform built on Hyperliquid (HyperEVM) that combines self-custodial smart wallets, fiat-crypto on/off ramps, a Visa credit card, high-yield automated vaults, and trading (spot/perps up to 40x leverage) into one unified account. It serves users who want to retain full ownership of their assets while accessing banking-like services — spending, earning, borrowing, and trading — entirely on-chain via smart contracts on HyperEVM, without intermediaries.
Where Does Yield Come From?
Hyperbeat offers several ways to earn yield (returns on your crypto). All are managed by smart contracts on Hyperliquid's HyperEVM network. Here is how each one works.
1) Hyperbeat Earn vaults — These are smart-contract savings pools that take your deposits and put them to work inside other HyperEVM protocols, such as lending markets and liquidity pools. The returns come from normal DeFi activity plus extra partner bonuses. There are two types:
- Meta Vaults (HYPE Vault, USDC Vault, USDT Vault, UBTC Vault, XAUt/Gold Vault, LST Vault, liquidHYPE vault) — they move money dynamically between different protocols to chase the best returns.
- Liquidity-provider vaults (VLP Vault, nLP Vault) — they earn fees from trading on HyperEVM decentralized exchanges.
A performance fee is charged only on the yield, not your principal: 15% for the HYPE vault, 20% for stablecoin vaults. When you want your money back, you can choose instant withdrawal (0.5% fee if liquidity is available) or classic withdrawal (takes 2–3 days, no fee).
2) Delta-Neutral Tokens (dnTokens) — You deposit stablecoins (USDT0 now, USDC later) into a strategy that creates a delta-neutral position on HyperCore. This means it holds two opposing positions that cancel each other out in terms of price movement: a "spot" position holding Unit or yield-bearing assets, plus a matching perpetual short on Hyperliquid. The net result is that your position barely moves with the market price.
Yield comes from funding payments — fees that leveraged traders on Hyperliquid pay to holders of the opposite position. You also earn any yield from the spot leg (like beHYPE). A dedicated execution engine rebalances, manages margin, and avoids liquidation. A 10% performance fee is charged only on net profit after costs; no fee if funding goes negative. dnTokens are fungible ERC20 tokens that can be used across DeFi.
3) beHYPE liquid staking — You stake native HYPE tokens and receive beHYPE, a liquid staking token. It earns staking rewards from Hyperliquid validators (the nodes that run the network), while remaining usable as collateral in Morphobeat lending, as the spot leg in dnTokens, or anywhere in DeFi. The beHYPE contract spreads your stake equally across all active validators.
4) USD+ (savings vault inside Liquid Banking) — Deposited USDC or beatUSD is automatically spread across actively managed lending markets on HyperEVM. The system rebalances every 15–60 minutes. Yield comes purely from organic borrowing demand — people who borrow on Liquid Banking Credit pay interest. A built-in 85% utilization cap and multi-protocol diversification help manage risk.
5) Morphobeat (lending and borrowing) — Isolated, immutable lending markets powered by the Morpho protocol. Lenders supply assets (beHYPE, USDC, etc.) and earn variable interest from borrowers. Each market is risk-isolated, so problems in one market don't spill into others.
6) Credit card spend — You borrow against your crypto, stocks, or gold as collateral to spend via a Visa card, without selling your assets. Your collateral keeps earning yield in vaults while the loan is outstanding. The credit line itself is a borrowing product, not a direct yield source — but it enables the "spend without selling" loop that keeps your money working.
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Zellic09-12-2025 - 11-12-2025 |
| The audit found no critical issues but identified four high-severity risks, including gas exhaustion on winner selection and share-value inflation that could eventually brick deposits, leading Zellic to conclude the project is not yet ready for production and recommending a comprehensive reassessment before deployment. |
Codespect22-12-2025 |
| All five issues (1 Medium, 1 Low, 3 Informational) were fixed by the Hyperbeat team, and the acknowledged risks around centralization and parameter configuration were documented transparently, indicating a well-handled remediation cycle. |
Certora15-10-2025 - 28-10-2025 |
| The Certora audit found no critical or high-severity vulnerabilities; the single medium-severity issue was fixed and all other findings were acknowledged, reflecting a generally sound codebase with manageable residual risks around fee configuration and oracle update timing. |
Nethermind19-09-2025 - 01-10-2025 |
| No critical or high-severity issues were found; both medium-severity findings (cross-chain valuation manipulation and insolvency from stuck tokens) were fixed before the final report, and the three acknowledged items represent accepted operational risks. The protocol appears reasonably secure for deployment following the stated remediations. |
Come du Crest12-10-2025 |
| The audit found two high-severity fee-handling bugs that have been fixed, and two low-severity issues also remediated; the remaining informational items are acknowledged design decisions. The contract appears to be in a safe state after the fixes were applied. |
Codespect13-01-2026 - 14-01-2026 |
| All reported issues were resolved before the final report, meaning no unresolved vulnerabilities remain in the audited contracts; however, the protocol's reliance on privileged roles and careful fee parameterisation remains an inherent design risk that should be managed through robust key security practices. |
Certora26-08-2025 - 04-09-2025 |
| The single critical bug (withdrawal DoS) and all four fixable low-severity issues were resolved, but the high-severity insolvency risk from slashing/commission exposure was acknowledged rather than fixed, leaving a residual design risk if Hyperliquid ever enforces slashing or fees on staked HYPE. |
Nethermind01-09-202502-09-2025 |
| The single critical vulnerability—an attacker permanently freezing the withdrawal queue—was fixed before the final report, and the remaining findings are low-severity or acknowledged design choices. The audit provides reasonable assurance for the protocol's core staking and withdrawal contracts, though residual risks around precision loss and just-in-time yield extraction remain acknowledged by the team. |
Pashov Audit Group03-09-2025 - 05-09-2025 |
| The audit uncovered two medium-severity issues involving inflated instant withdrawals and a bypassable exchange rate guard, alongside fifteen low-severity findings — all acknowledged by the project — but no critical or high-severity vulnerabilities were identified, indicating a reasonable baseline of security for the beHYPE staking protocol. |
Nethermind25-11-202517-12-2025 |
| The audit identified two medium-severity issues and ten low-severity issues, with five findings fixed before the final report and the remainder acknowledged by the client; no critical or high-severity vulnerabilities were found, indicating a reasonable security posture for the Management Account protocol upon remediation of the fixed items. |
Zellic24-10-2025 - 31-10-2025 |
| The audit uncovered one critical trust-model vulnerability (resolved before publication) and three medium-severity logic issues (all fixed), with no high-severity findings, indicating that the core smart-contract security posture is sound; however, the critical-indeterminate double-spend attack relies on backend controls for mitigation, and the protocol's safety is ultimately dependent on robust off-chain operator sequencing and token whitelist governance. |
Backers
Hyperbeat raised a $5.2M seed round, as announced by the company on its official LinkedIn page. The round was co-led by ether.fi and Electric Capital. Additional participants include Chapter One, Node Capital, Coinbase, Selini, 4RC Capital, Maelstrom, Relayer Capital, dlab, BreedVC, Heartcore Capital, Flowdesk, Anchorage Digital, MEV Capital, Luganodes, and nonce Classic. No specific date for the seed round was provided beyond the LinkedIn post being ~8 months old at the time of research (suggesting the round closed around ~August–October 2024). The company's LinkedIn "About" section also describes Hyperbeat as "entirely self-funded," which appears to refer to the team's initial bootstrapping phase before the seed round.
Legal
Legal form
Corporation (Ltd Corporation)
Registration jurisdiction
Panama (Panama City) – address stated as: PH Iver 77, Calle José Matilde Perez, San Francisco, Panama City
Status and notes
The operating entity is Zoeion Ltd Corporation, disclosed in both the Terms of Use (last updated March 1, 2026) and Privacy Policy (last updated August 21, 2025). The Privacy Policy lists the corporate address as PH Iver 77, Calle José Matilde Perez, San Francisco, Panama City. The Terms specify that all disputes are governed by the laws of Panama and resolved through binding individual arbitration at the Arbitration and Settlement Centre of Panama (CECAP). Terms of Use and Privacy Policy are publicly available at hyperbeat.org/terms and hyperbeat.org/privacy respectively, and a legal resource page exists at docs.hyperbeat.org/resources/legal.