Hyperlock provides boosted rewards to Thruster LPs and THRUST stakers via the social aggregation of veTHRUST and Hyperlock’s native token.
Thruster liquidity positions can be represented by both fungible and non- fungible (NFT) tokens.
THRUST stakers can lock their tokens and mint the liquid staking token hyperTHRUST, which is a veTHRUST locked for the maximum time in the Thruster's VotingEscrow contract. hyperTHRUST can be staked for Thruster rewards, performance fees and HYPER.
The veTHRUST balance on Hyperlock allows Thruster liquidity providers to receive up to 2.5x boosted emissions compared to providing liquidity alone. LPs also accumulate additional HYPER rewards on Hyperlock.
Hyperlock Yields is a fork of Pendle V2. The Pendle V2 AMM model is designed specifically for yield trading and takes advantage of PT and YT behavior.
The AMM model has been adapted from Notional Finance's AMM model. The AMM curve changes to reflect yields accumulated over time and narrows the price range of PT as it approaches maturity.
If you hold the bond to maturity, you can earn swap fees, own yield and points without IL. Each pool consists of an underlying asset (SY) and a PT.
What is IL? An impermanent loss (IL) occurs when the price of a token rises or falls after you have deposited it into the liquidity pool. This means a loss when the dollar value of your token at the time of withdrawal is less than the amount deposited.
What are Yield-Bearing Tokens?
A Yield-Bearing token is a term that refers to any revenue-generating token.
SY (Standardized Yield) is a token standard that wraps any yield-bearing token and provides a standardized interface to interact with the revenue generating mechanism of any yield-bearing token. SY is a purely technical component, the user does not interact with SY directly.
PT (Principal Token) entitles the user to the principal amount of the underlying yield-bearing token, with the option to redeem after maturity.
YT (Yield Token) entitles to the entire yield generated by the underlying yield-bearing token in real time, and the accrued yield can be claimed manually at any time.
PT and YT can be traded at any time, even before maturity.
