Hyperbeat has completed a $5.2 million seed round, with ether.fi Ventures and Electric Capital co-leading the investment.

BlockBeats News, August 15th, according to CoinDesk, the Hyperliquid ecosystem's native yield layer Hyperbeat completed a $5.2 million oversubscribed seed round financing, with ether.fi Ventures and Electric Capital co-leading. Other participants included Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and supporters from the HyperCollective community.

Reportedly, Hyperbeat aims to build permissionless financial infrastructure that allows anyone to earn yield, stake, and transact directly from their on-chain portfolios.