Harmonix Finance

Reshaping Yield Optimization with @HyperliquidX Minimize Risk, Maximize Yield at

[Harmonix Finance @harmonixfi]

haUSDC is live.

Earn 12% APR on USDC or USDe via equites funding rate strategies tied to $CRCL and $MSTR, plus additional HIP3 point exposure through:

> Buy spot on @felixprotocol + hedge position on @tradexyz
> @HyperliquidX S3 via Portfolio Margin
> @hyenatrade points through crypto delta-neutrals like $FARTCOIN

User can leverage haUSDC APR on @HypurrFi via looping, with higher yields coming through fixed-rate integrations.

[Coinbase 🛡️ @coinbase]

Today we’re expanding our support for @HyperliquidX by becoming the platform’s official treasury deployer of USDC.

Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid - USDC delivers exactly that.

Alongside this, we’ve also significantly increased our position of staked HYPE.

[Harmonix Finance @harmonixfi]

The markets it trades have grown quickly:

> Open positions: $260m in December → $3.1b today
> 86 markets, more than half of Hyperliquid's daily volume
> Listing a market requires a 500k HYPE deposit, lost if the market breaks
> Size limits grow as each market proves itself: NVDA at $500m, oil at $1b

Performance since launch:

> 7d: 8.5% · 15d: 8.6% · 30d: 8.9% · 45d: 9.2%
> Share price: 1.000 → 1.014

Funding fees change over time. When one market pays less, the vault rotates to one that pays more.

https://t.co/oij33EtyXp

[Sterling @Sterling_hl]

RWA trading growth on Hyperliquid continues to expand

In graph form (h/t @hydromancerxyz )

[Harmonix Finance @harmonixfi]

Two months of haUSDC.

Equities, commodities and currencies now trade on @HyperliquidX. haUSDC is the only vault on HyperEVM earning yield from those RWA perps.

Tokenized treasuries pay 4.3–4.65%. haUSDC pays 9.2%.

👉https://t.co/5rYGNJiRGO

[Harmonix Finance @harmonixfi]

@christophorusan gmonix

[Christophorus @christophorusan]

delta neutral yield on HIP-3 equity perps is quietly the best risk-adjusted yield in defi right now. it's what @harmonixfi's haUSDC vault runs: hold the asset, short the perp, collect what the longs pay, zero price exposure. deposit ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48, yield lands in the share price.

the trade is simple. the venue is everything. you're short with leverage, so a thin, opaque or points-propped exchange is how you lose.

1/ equity perps are eating the exchange

> $260m of open interest in december, $3.1b today, 86 markets, over half of @HyperliquidX's daily volume
> nobody else has books: aster's whole exchange holds $1.8b, lighter $0.8b, ostium $92m
> listings are bonded: whoever deploys a market locks up 500k HYPE and loses it if the market breaks
> size caps rise only as each book proves itself. NVDA is at $500m, oil at $1b

[Harmonix Finance @harmonixfi]

Hyperliquid yield capacity is starting to look more real.

Stablecoins are now around $6B, USDC is still ~97% of supply, and lending TVL is already around $812M.

The important question for Harmonix is not whether another 20k kHYPE or $5M USDC is large for the current vaults.

It is whether those deposits are large relative to the markets the vaults route through.

For kHYPE, 20k is meaningful for Harmonix, but small relative to the broader LST market.

For USDC, $5M is large for haUSDC today, but small relative to @HyperliquidX's stablecoin, lending, and perp demand.

@tradexyz alone is doing around $75B in 30d perp volume, $14.7B in 7d volume, and has roughly $3B in OI.

That matters because yield capacity comes from real market depth:

stablecoin liquidity, lending demand, LP routes, and perp-driven flow.

If those keep up, Harmonix should continue to absorb larger deposits without meaningful APY compression.

The next phase is not just APY.

It is capacity.

Idle ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48, hyperliquid:native, and kHYPE should become productive assets.

[Harmonix Finance @harmonixfi]

Harmonix TVL growth projections:

HYPE/kHYPE vaults currently hold 69,918 HYPE-equivalent.

If HYPE reaches @multicoin's targets:

Bear: $109 → ~$7.6M TVL
Base: $319 → ~$22.3M TVL
Bull: $689 → ~$48.2M TVL

The base case implies ~5x growth without new deposits.

HYPE beta + yield layer.

[Harmonix Finance @harmonixfi]

Harmonix Vaults 07.06.26 Snapshot :

· USDC: 9.00% APY
· HYPE: 3.80% APY
· kHYPE: 4.30% APY
· Basis Trade 5.9% APY

[Christophorus @christophorusan]

HYPE isn’t just going up.
It’s outperforming the majors.

bitcoin:native /HYPE: -58.6%
ethereum:native /HYPE: -70.3%
solana:So11111111111111111111111111111111111111112 /HYPE: -73.2%

It now takes far fewer hyperliquid:native to buy BTC, ETH, or SOL.

[Harmonix Finance @harmonixfi]

Harmonix TVL crossed 9.28m today

[Harmonix Finance @harmonixfi]

https://t.co/VVFayNHILS

[Harmonix Finance @harmonixfi]

@KazumaxCrypto yes

[Harmonix Finance @harmonixfi]

Harmonix has distributed $ENA rewards to HYPE-USDC and HIP-3 haUSDC vault users

haUSDC deposits keep earning HIP-3 rewards alongside a 9.5% native APR via active carry trades and portfolio margin positions

Stay tuned for the next rewards distribution

[Harmonix Finance @harmonixfi]

Harmonix HYPE-USDC and HIP-3 haUSDC vault users are eligible for $ENA rewards.

Through our HYPE carry trade strategy on @hyenatrade, Harmonix has been earning Hyena Points on behalf of depositors and haUSDC holders.

Stay tuned for distribution details.

[Harmonix Finance @harmonixfi]

@frank_harmonix gmonix

[Rekt Gang @rekt_gang]

Max Yield on Hyperliquid with @harmonixfi

Earn on USDC, Hype & KHype

⏰ Thu July 2nd, 16:00 UTC
👇 Set your reminders
https://t.co/9MlPHxndmb

[Harmonix Finance @harmonixfi]

@rekt_gang Gmonix
Grekt

[Harmonix Finance @harmonixfi]

The kHYPE vault just crossed $3.1M TVL
3.57% APY on kHYPE.
👉 https://t.co/ym2F6SCZ0p

[Harmonix Finance @harmonixfi]

@MBxxvv gmonix

[MB.hl @MBxxvv]

Most “carry” setups silently reduce your yield.

They split your capital across two legs, which cuts funding exposure in half (10% APY → 5%).

Harmonix uses Portfolio Margin so haUSDC stays fully exposed to funding rates, meaning users keep MAX funding yield instead of losing it to structure.

[Harmonix Finance @harmonixfi]

@milly_rock7 Hyperliquid

[Harmonix Finance @harmonixfi]

Your haUSDC earns MAX funding yield via Portfolio Margin

Traditional carry splits capital across two legs, cutting funding yield in half. (HYPE funding: 10% APY to 5% APY)

Harmonix addresses this by using PM to keep full funding exposure, maximizing yield for users.

[Harmonix Finance @harmonixfi]

Harmonix vaults outperform market benchmarks by up to 3.3x

- haUSDC: 10.5% vs 3.14% @aave USDC supply
- haHYPE: 4.5% vs 3.12% @pendle_fi fixed APY avg
- haKHYPE: 5.11% vs 2.2% @Kinetiq_xyz kHYPE staking yield

All figures are 7D Net APR.

Pure organic yield, excluding point exposure.

h/t @phtevenstrong and @marajarachar for featuring Harmonix on his latest stream