// Hacker Noon · 4 March 2026

What Happens When $57 Billion in Liquid Staking Tokens Get Safe Leverage: The Hyperdrive Thesis

Hyperdrive is building a leverage protocol that values collateral using contractual redemption prices instead of real-time market data. The design targets the structural flaw behind DeFi's biggest crashes, where forced liquidations trigger cascading sell pressure. With tokenized RWAs crossing $36 bi...

Hacker Noon

@hacker-noon · Ishan Pandey

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