Phases at a Glance
Phase 1, Protocol Launch
The foundation is live. HyperStrategy shipped the core infrastructure needed to begin accumulating HYPE and bootstrap a committed community of bondholders and token holders.What launched in Phase 1:
- Convertible bond protocol deployed, bonds live at bonds.hyperstrategy.com
- HSTR token launched as the native protocol token representing treasury ownership
- PRJX liquidity pool established, enabling open market HSTR trading
- Portfolio dashboard live at portfolio.hyperstrategy.com
Phase 1, Protocol Launch
The foundation is live. HyperStrategy shipped the core infrastructure needed to begin accumulating HYPE and bootstrap a committed community of bondholders and token holders.What launched in Phase 1:
- Convertible bond protocol deployed, bonds live at bonds.hyperstrategy.com
- HSTR token launched as the native protocol token representing treasury ownership
- PRJX liquidity pool established, enabling open market HSTR trading
- Portfolio dashboard live at portfolio.hyperstrategy.com
Phase 2, Treasury Farming & HYPE Accumulation
With the protocol infrastructure in place, HyperStrategy is now actively deploying its treasury across HyperEVM’s DeFi ecosystem to compound HYPE holdings.What’s happening in Phase 2:
- Active treasury farming across HyperEVM DeFi protocols
- Systematic HYPE accumulation using bond issuance proceeds
- Introducing new financial instruments to allow treasury to accumulate more HYPE
- Looping strategy deployed, acquired HYPE is put to work generating additional yield, which is then used to acquire more HYPE and perform buybacks.
- DeFi partnerships expanding the range of yield opportunities available to the treasury
Phase 2, Treasury Farming & HYPE Accumulation
With the protocol infrastructure in place, HyperStrategy is now actively deploying its treasury across HyperEVM’s DeFi ecosystem to compound HYPE holdings.What’s happening in Phase 2:
- Active treasury farming across HyperEVM DeFi protocols
- Systematic HYPE accumulation using bond issuance proceeds
- Introducing new financial instruments to allow treasury to accumulate more HYPE
- Looping strategy deployed, acquired HYPE is put to work generating additional yield, which is then used to acquire more HYPE and perform buybacks.
- DeFi partnerships expanding the range of yield opportunities available to the treasury
Phase 3, Expanded Financial Instruments & Yield Vault
HyperStrategy will broaden its product suite beyond convertible bonds, introducing new bond formats and issuance products alongside a dedicated yield vault for HSTR holders and HYPE depositors.What’s coming in Phase 3:
- Yield vault, a user facing vault where participants can deposit assets and earn yield generated by the treasury’s strategies, sharing in the protocol’s compounding edge
- New bond formats and issuance products, additional instrument types beyond the current convertible bond, giving the treasury more ways to raise capital and giving participants more risk/reward profiles to choose from
- Deeper DeFi integrations across HyperEVM
Phase 3, Expanded Financial Instruments & Yield Vault
HyperStrategy will broaden its product suite beyond convertible bonds, introducing new bond formats and issuance products alongside a dedicated yield vault for HSTR holders and HYPE depositors.What’s coming in Phase 3:
- Yield vault, a user facing vault where participants can deposit assets and earn yield generated by the treasury’s strategies, sharing in the protocol’s compounding edge
- New bond formats and issuance products, additional instrument types beyond the current convertible bond, giving the treasury more ways to raise capital and giving participants more risk/reward profiles to choose from
- Deeper DeFi integrations across HyperEVM
Phase 4, Largest Decentralized HYPE Treasury
The end goal is clear: HyperStrategy remains the largest decentralized HYPE treasury with sustainable, onchain mechanics powering its growth indefinitely.What Phase 4 is working toward:
- Sustainable compounding mechanics embedded at the protocol level
- The largest decentralized HYPE treasury on any chain
- Continued protocol evolution driven by treasury performance
Further roadmap details will be announced as Phase 3 progresses. Follow @Hyper_Strategy on X for updates.
Phase 4, Largest Decentralized HYPE Treasury
The end goal is clear: HyperStrategy remains the largest decentralized HYPE treasury with sustainable, onchain mechanics powering its growth indefinitely.What Phase 4 is working toward:
- Sustainable compounding mechanics embedded at the protocol level
- The largest decentralized HYPE treasury on any chain
- Continued protocol evolution driven by treasury performance
Further roadmap details will be announced as Phase 3 progresses. Follow @Hyper_Strategy on X for updates.
The Ultimate Vision
HyperStrategy mirrors the strategy of MicroStrategy but onchain, on steroids, and focused entirely on HYPE. Every issuance adds capital. Every yield farming cycle compounds the treasury. Every looping round acquires more HYPE. The protocol’s design ensures that growth is not a one-time event but a self reinforcing system. The end state is a treasury so large and so deeply integrated with HyperEVM’s DeFi landscape that it becomes the defining benchmark for decentralized HYPE accumulation.Mint Bonds
Provide USDT0 capital and receive convertible bonds with upside exposure to HSTR.
Portfolio Dashboard
Track live treasury AUM, HYPE holdings, mNAV, and more in real time.