🔎9 catalysts to watch this week

May 26, 2025

Today’s email is brought to you by Hyperdrive - The stablecoin money market for Hyperliquid

GM friends.

Here’s what I’ll cover today:

Let’s dive in👇

Crypto catalysts to watch this week

FTX’s $5 billion distribution - $5 billion in stablecoins will be distributed to FTX creditors on May 30
New airdrops for KAITO stakers - A new series of airdrops for KAITO stakers will be announced this week. The first one is the HUMA airdrop, which is already available for claiming
Frax Finance Founder’s speech - Frax Finance founder Sam Kazemian will speak on stage this week at BTC Vegas to cover Frax’s strategy to onboard institutions as users of its stablecoin
The world’s largest Bitcoin Conference - US Vice President JD Vance will participate in the largest Bitcoin conference in Las Vegas on May 28
Macro events - US FOMC Minutes will be released on May 28
Resolv’s S1 airdrop - Resolv, an innovative delta-neutral stablecoin protocol, will release its token $RESOLV and the claiming portal on May 27. 10% of the token supply is allocated to the airdrop
Thena’s largest upgrade ever - Thena, a popular dApp on BNB Chain, will fully release the V3,3 upgrade on May 29. V3,3 introduces hooks, a refined ve(3,3) model, and a new voting mechanism, among other things
First project powered by Kaito - Loud, a new AI-driven InfoFi project powered by Kaito, will be introduced this week
Kamino Season 3 Airdrop - Kamino Season 3 Airdrop will be unlocked in May according to the team

Together with Hyperdrive

Hyperdrive, a next-gen stablecoin money market built specifically for Hyperliquid, is finally going live tomorrow on May 27.

This isn’t just another fork.

Hyperdrive is the only lending market that is able to utilize HyperCore liquidity, unlocking deeper liquidity and higher capital efficiency.

Here’s why you should pay attention to Hyperdrive:

Blue-chip assets as collateral - HYPE, BTC, ETH, and SOL will be among the tokens that can be used as collateral
Maximum capital efficiency - The protocol uses Hyperliquid’s native precompiles to achieve a higher liquidity efficiency & security
$6M raised in the Series A funding round - The community round, which had the same terms as the top VCs, was filled in less than a minute
Tier-1 partners - Over the past few months, Hyperdrive announced partnerships with many tier-1 dApps such as Ethena, Layerzero and Hyperunit

The cherry on top is that Hyperliquid’s HLP liquidity provider token will be leverageable on Hyperdrive! Currently, HLP is generating a 15% APY.

By allowing leveraged HLP positions, the protocol will unlock one of the highest yield strategies for stablecoins on the market.

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