Hyperwave is creating the House of Payments, a decentralized infrastructure layer for currency transactions and payments designed for the stablecoin economy. Leveraging HIP-3 markets on Hyperliquid, it provides 24/7 transparent currency settlements between stablecoins, eliminating the hidden 1-3% conversion fees charged by traditional networks such as Visa and Mastercard. Hyperwave was incubated by the team at Swell Labs with support from HyperEVM protocols and infrastructure partners making it unique to bring this vision to the Hyperliquid community.

Starting with Hyperwave HLP (hwHLP), a first to market liquid yield bearing token of Hyperliquidity Provider Vault (HLP), Hyperwave will create asset primitives, serviceable markets for those assets and avenues for users to use those assets in their everyday lives.

Process flow

• User deposits USDe/USDT/USDHL 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