Hyperdrive

Hyperdrive (formerly Ambit Finance) is an Automated Market Maker (AMM) that is suitable for both fixed and variable yield positions, based on a new pricing mechanism. It allows for the provision of terms on demand and eliminates the need for liquidity providers to extend the duration of their capital allocation. Additionally, its mechanism design creates a more efficient and symmetrical yield market, and it is open-source, allowing others to build upon it.