A leveraged lending loop on Berachain, hedged dollar-for-dollar by a perp short on Hyperliquid. Capital sits in your own vault. Every number on this page is read live from chain.
The ceiling shifts in real time with five live bounds: Dolomite WBERA borrow availability, oriBGT supply cap, Kodiak exit liquidity, Hyperliquid hedge depth, and the carry-breaks-even economic floor. Capacity is the minimum of all five at every block.
Your USDC buys a Berachain reward token (oriBGT) that earns yield while you hold it.
Using that token as collateral, the autonomous system borrows BERA on Berachain's lending market and buys more reward tokens — boosting your earnings ~2.5×.
Boosted rewards minus the borrowing cost minus small trading fees = your annual return.
This is the math at today's rates. Actual rates move every few seconds, so your return floats with them. If Berachain rewards drop or borrowing gets more expensive, your return shrinks. The opposite too. Your actual earnings show up on the dashboard once you deposit.
Deposit collateral. Borrow against it. Deposit again. Each ring compounds the yield without moving the risk band. The whole stack lands in a single dolomite.operate() call — either every ring settles or none of them do.
A quarter of the deposit bridges to Hyperliquid and opens a short sized to the loop dollar-for-dollar. Yield comes from the spread between collateral APR, borrow cost, and perp funding — not from BERA going up.
75% opens the leveraged Berachain position; 25% is set aside as Hyperliquid hedge margin.
Hyperliquid runs the 25% margin at 3× leverage. That produces a BERA short notional sized to match your Berachain leg dollar-for-dollar.
If BERA price moves, the gain or loss on your Berachain leg is offset by the opposite move on the short. Your equity tracks the carry, not the price.
| Bera leg allocation | 75% |
| HL margin allocation | 25% |
| HL leverage | 3× |
| Net BERA exposure | ~0 |
| Auto-rebalance band | 12–40% MR |
| Funding rate (30d mean) | ≈ -32% APR (fallback) |
The hedge is automated end-to-end: every Hyperliquid watcher tick checks margin ratio, trims if too thin (defender), grows if too fat (recovery). You sign once to open, once to close. Margin doesn't leave Hyperliquid until you withdraw — and when you do, the autoloop bridge brings it back to your Berachain wallet automatically (no gas required from you on HyperEVM).
Operators check the loop every ten seconds. If safety tightens, the loop trims down. If conditions improve, a layer is added. No human in the path.
The Hyperliquid leg has its own watchers. They track the loop's size and the hedge's margin ratio independently — same cadence, same atomic shape, opposite venue.
WAVS is the execution layer. Three independent operators run the same deterministic component, sign their answer, and only an action with quorum lands on your vault. No discretion, no override.
Independent operators read the same on-chain data at the same trigger block — no operator chooses what the others see.
Berachain RPC + Origami HTTP API · cron trigger every 10s · block-height pinned
Each operator runs the same content-addressed WASM module on the same input. Same code + same input → same output, by determinism.
module digest pinned in service.json + on-chain in the service manager
Each operator signs the resulting envelope with their own key. The envelope binds the action to its trigger, target HF, deadline, and reason tag.
ECDSA over secp256k1 (POA middleware) · independent key custody
Once the quorum threshold is met, one transaction lands on-chain. The SubmissionHandler verifies the signatures; the V3 factory dispatches the operate blob to the user's Dolomite sub-account, bounded by the operate-calldata validator + post-state HF floor.
ecrecover at the SubmissionHandler · operate-calldata validator at the factory · single tx · revertible if any field is tampered with