The return -bearing safe created by decentralized exchange hypluid has grown over the past two months from $ 163 million to $ 418 million, despite centralization problems around the Jelly Market fiasco in March, according to data from Defillama.
The safe, which acts as an internal market maker and gives deposits a return, was under water with $ 13.5 million after a user had manipulated the index price of jelly in March.
Hyperliquid minimized these losses by enforcing the Jelly market and setting itself at $ 0.0095 in contrast to $ 0.50 that was led to Oracles via decentralized exchanges.
This led to an exodus of the Hyperliquid platform capital, the total value locked (TVL) fell from $ 510 million to $ 150 million, while the hype -tokes a decrease of 20% suffered.
But all was quickly forgotten, partly because of the rise of James Wynn, a derivative trader who earned and lost $ 100 million on hyperliquid in a week. His public transactions and comments generated a wealth of bullish sentiment around Hyperliquid, while the platform managed to handle the nine figure positions in terms of liquidity and slips.
During that period, TVL, together with the hype, which has now risen by 72% in the Pat for 30 days.
The Hyperliquid Kluis currently returns 13.42% in annual interest and beats various repairing protocols that offer around 9.1%.