HyperLiquid’s Vault Increases by $250 Million in Two Months
The yield-bearing vault by HyperLiquid has surged from $163 million to $418 million in two months, despite previous centralization issues due to the JELLY market incident in March. Key points include:
- The vault previously faced a $13.5 million loss after an index price manipulation of JELLY.
- HyperLiquid closed the JELLY market, settling it at $0.0095 instead of the oracles' $0.50.
- Total value locked (TVL) dropped from $510 million to $150 million, with HYPE token declining by 20% initially.
- Derivatives trader James Wynn's public trades generated positive sentiment, as HyperLiquid effectively managed large positions.
- TVL and HYPE rebounded, with HYPE increasing by 72% over the past month.
- The vault currently offers a 13.42% annual return, outperforming restaking protocols at approximately 9.1%.