Introduction

SHRED is a high-yield savings protocol built on Hyperliquid, designed to provide ultra simple, sustainable returns on stablecoins. At its core, SHRED transforms complex delta-neutral arbitrage strategies into a one-click savings experience for users. By depositing USDC or USDT, depositors gain access to 15% APY, backed by real yield from perpetual futures markets funding rates.

The importance of SHRED lies in its ability to democratize one of the most effective yield strategies in finance. In traditional savings accounts, capital underperforms the inflation (~3%) and debasement rate (~8%). In DeFi, most yield opportunities are either variable, unsustainable, or dependent on inflationary token emissions. SHRED fills this gap with a professional-grade, transparent savings protocol for the internet of money.

Our vision is to become the default stablecoin savings layer on Hyperliquid and HyperEVM. Over time, we intend for shUSD, our future yield-bearing receipt token, to become a core piece of DeFi collateral. Ultimately, when users want stable and predictable, high-yield savings, they come to SHRED.