1.What is Hyperlock?
Hyperlock is a yield & metagovernance protocol built on Thruster and optimized for Blast. Hyperlock provides boosted rewards to Thruster LPs and helps users earn Airdrops from the project as: Blast Point, and Thruster.
![What is Hyperlock?](https://cdn.theblock101.com/media/evelyn/poster%20hyperlock%20finance.jpg)
2. Operating Mechanism
2.1. Thruster Staker
Users who stake THRUST will mint hyperTHRUST, representing veTHRUST locked in Thruster's VotingEscrow contract. This hyperTHRUST token can be staked to receive rewards from Thruster, operational fees, and HYPER tokens from Hyperlock.
![Thruster Staker](https://cdn.theblock101.com/media/evelyn/untitled%20-%202024-05-01t194419-885.png)
2.2. Liquidity Provider
When users provide liquidity on Hyperlock, they will receive a 2.5x boost based on their veTHRUST balance. To obtain veTHRUST, users need to lock THRUST tokens in Thruster's VotingEscrow contract.
The liquidity position on Thruster can be staked into Thruster Gauges to earn rewards in THRUST tokens.
![Liquidity Provider](https://cdn.theblock101.com/media/evelyn/untitled%20-%202024-05-01t194421-933.png)
2.3. HYPER Locker
HYPER Locker can participate in voting and decide on the amount of THRUST emissions from Hyperlock.
Applications of Hyperlock Governance:
- Thruster distributes THRUST tokens to liquidity providers.
- Votes on Hyperlock changes like token issuance and fees.
- Hyperlock's Resource Management.
- Thruster Snapshot Voting
![Hyper Locker](https://cdn.theblock101.com/media/evelyn/untitled%20-%202024-05-01t194424-799.png)
3. Guide to earning points on Hyperlock
During the Hyper Point earning period, users will earn Thruster Credit, Blast Point, and Blast Gold. Each week, Hyper Points are distributed to users holding Thruster LP tokens.
3.1. Send Token LP Thruster
When providing liquidity on Thruster, users will receive Thruster LP tokens. Users who deposit these LP tokens into Hyperlock will earn Hyper Points, Thruster, and Blast Point rewards.
3.2. Allocate Points to Pool
Every week, Points will be distributed on Thursday. Points will accumulate in users' accounts based on the proportion of LP tokens deposited. At the end of the week, users can check their Points and allocate them into pools to claim and lock their Hyper Points.
Targets | Quantity |
---|---|
TVL allocated to Thruster LP Deposit | 5,000,000 |
Allocation allocated to Thruster LP Deposit | 5,000,000 |
Hyperlock Yield Liquidity Provider | 750,000 |
Hyperlock Yield YT holder | 250,000 |
![Guide to earning points on Hyperlock](https://cdn.theblock101.com/media/evelyn/untitled%20-%202024-05-01t194430-432.png)
4. Team
Hyperlock is an anonymous team; however, it is supported by the teams behind Blast and Thruster.
5. Roadmap
Updating.
6. Project information
- Website: https://hyperlock.finance/
- X (Twitter): https://twitter.com/hyperlockfi
- Discord: https://t.co/D3nyAnZss5
7. Conclusion
Currently, Hyperlock TVL on Blast has surpassed 300M. It is evident that using Hyperlock allows users to earn points in three systems: Hyperlock, Thruster, and Blast. This concludes all the information about Hyperlock that Theblock101 wants to provide to you. We hope that through this article, readers have gained additional insights into this project.
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