HyperBera weETH: etherfi and D2 Finance Partner to Unlock weETH Yield on Berachain

D2 Finance
4 min readJan 15, 2025

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Following the launch of our innovative BTC focused HyperBera strategy, aimed at actively capturing opportunity around the Boyco and Berachain launch, we are thrilled to announce a new pre-deposit strategy opportunity — HyperBera weETH

Earn real yield now, accumulate Berachain-based incentives, and benefit from risk-adjusted returns in a single-click strategy vault.

etherfi and D2 Finance have joined forces to deliver a sophisticated strategy leveraging the ether.fi liquid staking / re-staking solution and D2’s expertise in derivatives trading. This partnership is designed to seize the unique opportunities of this moment.

HyperBera weETH combines real yield, with Berachain/Boyco incentives for 7 layers of yield, while maintaining 100% exposure to ETH through weETH

Real Track Record to Build On: D2 Finance’s Partnership with etherfi

While etherfi needs no introduction as an industry leading staking solution with over 8 billion TVL, D2 Finance has consistently delivered exceptional returns for its users. With over a year of proven performance, D2’s flagship ETH++ strategy achieved an astounding +123% in 2024 — a year marked by all positive epochs. Additionally, D2’s BTC strategy (dgnBTC) generated an impressive +46.2% in just one month by expertly timing the U.S. election. You can explore the performance of all strategies at https://d2.finance/strategies.

These results are a testament to rigorous risk management, making D2 Finance a guardian of investor confidence and a benchmark for risk-adjusted returns in DeFi.

iETH (institutional version of ETH++) vs ETH since December 2023 inception (performance verifiable on-chain)

Introducing the HyperBera weETH Vault Strategy

Users deposit into the HyperBera weETH vault using weETH (on Arbitrum). The D2 trading team actively manages these funds within an institutional-grade risk management framework allocated according to opportunity set.

As Berachain and Boyco are not yet live for deposits, this strategy operates across two distinct phases, with the majority of flow happening on Berachain and Boyco:

HyperBera weETH Strategy:

1) Before Boyco/Berachain Go Live:

  • weETH is deployed as collateral in Derive
  • Depending on rates, USDC may be borrowed and allocate a portion in the Hyperliquid HLP vault
  • D2 actively manages Derive positions to maintain 100% ETH exposure (delta neutral to ETH on average) while capitalizing on arbitrage opportunities and interest rate management

Return Potential:

  1. Real yield from HLP
  2. etherfi incentives
  3. Options arbitrage yield
  4. DRV trading rewards and EDA token points

2) After Boyco/Berachain go live:

  • The majority of flow will go to Boyco and active trading on Berachain
  • Delta replacement strategy on Derive to maintain 100% ETH exposure while using weETH collateral for additional trading/farming
  • Deploy collateral (weETH and/or USDC) in Boyco/Berachain ecosystems
  • Farm Dolomite, Kodiak, Beraborrow and etherfi incentives using weETH and weETH LP
  • Actively managed strategies, utilizing weETH as collateral, running on Kodiak/Dolomite/Beraborrow to capture market inefficiencies and yield based on the opportunity set

Return Potential:

  1. Options arbitrage yield / DRV trading rewards
  2. etherfi incentives
  3. Kodiak yield/KDK incentives
  4. Dolomite yield/DOLO incentives
  5. Beraborrow yield/incentives
  6. BERA airdrop potential & BGT
  7. EDA season 2 incentives.

How to Participate: HyperBera weETH Epoch 1

  • Deposit asset: weETH (on Arbitrum)
  • Cap: 3000 weETH
  • Whitelist: >0.01 weETH (held in wallet)
  • Deposits Open: Jan 17–21 (starting 8am UTC)
  • Withdraws Available: March 31, 2025 (end of Epoch 1)
  • Returns as weETH
  • Management Fee: 0% / Performance Fee 20%
  • Risk: Low / Institutional Farming

Deposits will be open from the D2 Finance dApp

Note on Liquidity:

As the Boyco markets are tokenized, we are able to facilitate secondary market liquidity within our portfolio vaults. Thus allowing early exchange at NAV of what is monetizable at the time to meet Epoch 1 March 31 expiry.

If there are additional points which are non-monetizable at time of expiry, they would roll into the next trading epoch and be realized as rewards when monetizable.

Why HyperBera weETH Stands Out

HyperBera weETH leverages our proven track record combined with etherfi’s industry leading staking/restaking solution for a unique opportunity to earn risk-adjusted returns with layers of upside.

By stacking Berachain’s transformative PoL mechanics and Boyco Markets with actively managed strategies— into a single click solution — this is more than another static vault; it’s the best way to put your weETH to work in DeFi.

Ether.fi is an industry leading decentralized, non-custodial staking protocol on the Ethereum network, designed to enhance staking rewards through native integration with EigenLayer for liquid restaking. It allows users to stake assets, earning reward and unlocking utilization across DeFi.

https://www.ether.fi/

D2 Finance is a leader in Tokenized DeFi Derivatives Strategies and bespoke derivatives trading products, with full on-chain transparency

D2 Finance’s portfolio of sophisticated and diversified DeFi strategies are designed to maximize returns by balancing risk and reward efficiently, drawing on our team’s deep expertise in hedge fund management and derivatives, while leveraging unique opportunities in the digital asset space.

For more details and to join this groundbreaking venture, visit our website and join our community on Discord and Twitter.

Website | Twitter | Discord | Medium | Docs

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D2 Finance
D2 Finance

Written by D2 Finance

D2 Finance is a leader in Tokenized DeFi Derivatives Strategies and bespoke derivatives trading products, with full on-chain transparency

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