Hyperdrive is a protocol designed to facilitate the trading of fixed and variable rate assets. The protocol's unique pricing model consolidates liquidity into a single pool which addresses the challenges of fragmented liquidity across terms, eliminates the need for rollovers, and allows terms to be issued on demand. Its design meaningfully improves trading efficiency, liquidity provisioning, and user experience over existing fixed and variable rate protocol models.

翻译：超光速协议是一种旨在促进固定与浮动利率资产交易的协议。该协议通过独特的定价模型将流动性整合至单一资金池，有效解决了不同期限流动性碎片化的问题，消除了展期操作的必要性，并支持按需发行任意期限产品。相较于现有固定与浮动利率协议模型，其设计显著提升了交易效率、流动性供给机制及用户体验。