How Real-Time Verification Helped Hyperithm Scale into Global DeFi
Hyperithm's verifiable vault on Accountable’s YieldApp proved live verification turns hesitant LPs into depositors, scaling from $0 to $65M TVL and becoming the largest permissionless vault on Monad.
Q4 2025 was the start of a reckoning for DeFi.
Markets pulled back drastically, and with this downturn came a wave of scrutiny of onchain financial products that had operated with minimal transparency for too long.
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The catalyst that crystallized this shift was the collapse of Stream Finance in November 2025, an onchain yield product that imploded due to a lack of risk visibility and, ultimately, unverifiable solvency metrics.
Stream Finance wasn’t an isolated incident. It was a symptom of a broader problem: too many DeFi products asked LPs to trust without giving them the tools to assess risk properly. When the product collapsed, it sent a shockwave across the space. LP confidence cratered. Capital pulled back. And every fund manager in the space suddenly faced the same question from prospective investors:
How do we know you’re solvent?
For most, the honest answer was uncomfortable. The standard playbook, periodic financial reports, manual audits, and backward-looking statements were no longer convincing. LPs had now seen enough of what happens when trust is the only thing standing between a deposit and a total loss.
Hyperithm
Hyperithm is a specialized investment firm operating out of East Asia, focused on developing and executing high-yield strategies in DeFi. They had built a track record in their regional market, but they had ambitions to scale globally.
The timing could not have been worse. Or, as it turned out, better.
The post–Stream Finance environment meant that any fund looking to attract global LP capital needed to offer something fundamentally different from the old model of: “trust us, here’s a quarterly report”. Hyperithm recognized that they didn’t just need distribution. They needed a way to let LPs independently and continuously verify their performance, solvency, and risk exposure in real time.
The challenge was clear: how do you take a specialized fund with strong performance and turn it into a product that institutional and retail LPs worldwide would feel confident depositing into at a time when confidence was at an all-time low?
The Solution: Verifiability
Hyperithm chose to launch a new yield product through Accountable’s Vault-as-a-Service on YieldApp.
This was fundamentally different from simply listing on any other vault infrastructure. Every product launched through Vault-as-a-Service on YieldApp comes with real-time verification built in. It’s not optional or something a vault manager can toggle off. Accountable’s Data Verification Network (DVN) is embedded into the infrastructure itself.
This is achieved by setting up a dedicated local machine running connectors to Hyperithm’s primary-source data, including their trading venues, custodians, or any other underlying data sources. Accountable’s DVN continuously validates this data to produce Proof of Solvency: a cryptographically verified view of both assets and liabilities, updating in real time. And critically, LPs can do proper due diligence on this data before and after depositing. They can independently verify that the fund is solvent, that the positions match what’s reported, and that the risk profile aligns with what was promised, on demand.
Here’s Wojtek Pawlowski, Accountable’s CEO, breaking down this setup:
Why This Setup Was the Right Fit
Hyperithm was looking for infrastructure that would actively address the trust deficit, keeping institutional capital on the sidelines.
LPs, especially those institutionally driven, were demanding better risk management and due diligence mechanisms before they’d even consider allocating capital. The standard approach of performance track records and transparency reports was no longer enough. LPs wanted better means to verify everything themselves.
By going with Vault-as-a-Service by Accountable, Hyperithm was able to:
Restore and reinforce LP confidence in a market where trust had been shattered. The real-time verification meant that every LP, whether institutional or retail, could independently confirm solvency before depositing a single dollar.
Attract institutional leads that were specifically looking for better risk visibility. In a market where most funds still relied on periodic reporting, Hyperithm’s continuous verification became a meaningful differentiator, not just an additional feature but a reason to allocate.
Scale distribution globally without building distribution infrastructure from scratch. Hyperithm’s core competency is developing high-yield strategies, not building go-to-market pipelines. YieldApp handled the distribution side while Accountable’s DVN handled the trust side. This lets Hyperithm focus its internal resources on what it does best: generating yield.
The Results
The vault reached its maximum capacity of $65M in TVL, making it the largest permissionless vault on Monad. The initial deposit cap was set at $20M, but had to be raised multiple times to meet organic demand, ultimately hitting the $65M ceiling. Vault manager fees generated over $100K in the same period. And Hyperithm rated the Accountable integration’s overall impact at 9 out of 10.
“It enabled us to bridge the trust gap through real-time transparency, allowing a specialized firm in East Asia to successfully scale into the global DeFi market.” Said Jonggu LEE, Chief Investment Officer at Hyperithm
The vault’s growth wasn’t just a function of yield. The aHYPER token, issued to depositors as a share in the vault, became integrated into Morpho’s lending markets on Monad, where it now operates as the 2nd largest Morpho lending market on the chain. LPs can take their aHYPER shares, use them as collateral on Morpho, and borrow USDC against them, enabling looping strategies and adding a second layer of capital efficiency on top of an already-verified position.
But beyond the numbers, the qualitative shift was just as big. Hyperithm went from being a regionally focused fund to a globally accessible yield product, with LPs from around the world depositing capital they could independently verify at any time.
What’s Next
Hyperithm is now integrating its Interactive Brokers (IBKR) accounts with Accountable to bridge offchain yields into DeFi, expanding the opportunity set for onchain investors who previously had no verified access to these strategies. It’s the next step in bringing differentiated, real-world yields onchain with the same standard of real-time verification.
The post–2025 DeFi market reset was a filter. It separated the funds that could prove their solvency from those that could only claim them.
Hyperithm chose to offer proof of their claims. By launching through Accountable’s Vault-as-a-Service with built-in DVN verification, they turned what could have been a trust headwind into a growth engine, scaling from a regional operation to a $65M globally distributed yield product.
Want to learn more about launching a verified vault with Vault-as-a-Service? Visit accountable.capital or reach out to our team.