Hyperliquid

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What is Hyperliquid?

Hyperliquid is a high-performance Layer 1 (L1) blockchain built from the ground up to support a fully on-chain, open financial system. Designed for speed and efficiency, Hyperliquid enables the seamless creation of user-built applications that interface directly with its native components, ensuring a smooth end-user experience.

The flagship native application is the Hyperliquid DEX, a fully on-chain order book perpetuals exchange. Future expansions of the ecosystem include a native token standard, spot trading, permissionless liquidity, and more.

Key Features of the Hyperliquid L1

  • Custom-Built for Derivatives: Hyperliquid L1 is optimized around its derivatives exchange, offering unparalleled performance for perpetuals trading.
  • Native Token: The ecosystem is powered by HYPE tokens, distributed as part of the Genesis Event.
  • Ecosystem Growth: Beyond perpetuals, the platform supports a wide range of trading instruments and decentralized finance (DeFi) applications like Harmonix, Hyperlend, and HyperSwap.

HYPE Token Genesis Event

The HYPE token was officially launched during the Genesis Event on November 29th, 2023. The event rewarded points holders with an airdrop, distributing 31% of the HYPE supply.

Tokenomics Highlights:

  • 31% of the supply allocated to points holders.
  • 38.888% reserved for future emissions and community rewards.
  • Remaining tokens to support ecosystem growth and undistributed rewards.

Users who continue trading and participating in the ecosystem may qualify for future HYPE airdrops and other incentives.

Step-by-Step Guide: Participate in the Hyperliquid Ecosystem

1. Get Started

2. Deposit USDC

  • Bridge USDC to Arbitrum and deposit it into the Hyperliquid ecosystem.

3. Trade Spot and Perpetuals

  • Spot Trading: Navigate to “Trade,” select “Spot,” and explore available assets.
  • Perpetuals Trading: Go to “Trade,” select “All Coins,” and start trading perpetuals to build volume.

4. Provide Liquidity

  • Deposit USDC into the HLP (Hyperliquidity Provider):
    • Go to “Vaults” and select “Hyperliquidity Provider.”
    • Enter your USDC amount (note: deposits are locked for 4 days).

5. Earn Through Referrals

  • Generate a referral code under the “Referrals” section.
  • Share your code to invite friends and earn USDC rewards.

Maximizing Rewards

  • Continue Trading: Regular trading and participation can enhance eligibility for future airdrops.
  • Explore Ecosystem Projects: Interact with Hyperliquid applications like Harmonix, Hyperlend, and HyperSwap to boost engagement.
  • Stay Informed: Follow official channels for updates on campaigns like the potential HyperEVM season.

Important Information

  • No Claims Required: HYPE tokens were automatically airdropped to eligible points holders who signed the Genesis Event T&Cs.
  • Future Rewards: Undistributed tokens from the Genesis Event will roll into the community rewards pool.
  • HyperEVM Season: A new campaign may incentivize usage of the Hyperliquid blockchain and its DeFi projects.

Frequently Asked Questions

What is the HYPE token distribution?

  • 31% of HYPE tokens were allocated during the Genesis Event.
  • 38.888% is reserved for emissions and community rewards.

How can I participate in future HYPE rewards?

  • Continue trading, providing liquidity, and referring friends to increase eligibility.

What is Hyperliquid’s long-term vision?

  • Hyperliquid aims to build a fully on-chain financial ecosystem with high-performance native components and support for user-built decentralized applications.

Conclusion

Hyperliquid is revolutionizing DeFi with its custom Layer 1 blockchain and high-performance derivatives trading. By engaging with the ecosystem and participating in campaigns, users position themselves to benefit from future airdrops and rewards.

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