What is Hyperliquid?
Hyperliquid is a high-performance Layer 1 blockchain designed to support advanced decentralized finance (DeFi) applications. At its core is the Hyperliquid DEX, a fully on-chain orderbook-based exchange that enables perpetual futures and spot trading. By combining the speed and efficiency of centralized exchanges with the security of decentralization, Hyperliquid offers a unique trading experience.
Key features include permissionless liquidity provision, a proprietary token standard, and robust tools for both traders and liquidity providers. The ecosystem is powered by the HYPE token, which serves as the backbone of its rewards and incentive structures.
Since its alpha launch in 2023, Hyperliquid has gained traction among DeFi enthusiasts for its efficient execution, user-friendly design, and extensive trading capabilities.
Hyperliquid Airdrop Details
Hyperliquid’s Genesis Event took place on November 29th, 2024, where HYPE tokens were distributed to early users holding points earned through platform participation. This event marked the allocation of 31% of the total HYPE token supply.
To further engage the community, 38.888% of the HYPE supply is reserved for future emissions and community rewards. These ongoing opportunities reward active traders, liquidity providers, and other contributors to the ecosystem.
UPDATE
A significant 428 million unclaimed HYPE tokens remain in the community rewards wallet. Historically, Hyperliquid has launched secret trading reward seasons, and signs suggest more opportunities ahead. Stay active on the platform to maximize your chances.
Step-by-Step Guide: How to Participate on Hyperliquid
Getting Started
- Visit the Hyperliquid platform and connect your wallet.
- Use a referral link to enjoy a 4% fee discount.
- Bridge USDC to Arbitrum using Rhino, then deposit it into your Hyperliquid account.
Engage in Spot Trading
- Go to the “Trade” section.
- Select “Spot” under the instrument menu.
- Choose trading pairs available on the platform.
- Use the Hypurr Fun Telegram bot to discover new token launches and trading opportunities.
Pro Tip: Hold “Strict List” tokens like HYPE, PURR, HFUN, CATBAL to potentially qualify for airdrops from other projects in the ecosystem.
Engage in Perpetual Futures Trading
- Navigate to the “Trade” section.
- Select “All Coins” under the instrument menu.
- Choose your preferred trading pairs to participate in futures trading.
Provide Liquidity
- Access the Hyperliquidity Provider (HLP) via the “Vaults” section.
- Deposit USDC to the HLP pool.
- Note: Deposits are subject to a 4-day lock period.
Maximizing Your Rewards
Referral Program
- Navigate to the “Referrals” section.
- Create and share your referral code.
- Earn USDC rewards for each referred trader.
Maintain Active Participation
- Regularly trade both spot and perpetual markets.
- Diversify your trading pairs to maximize activity.
- Provide liquidity to the HLP to earn passive rewards.
Additional Ecosystem Opportunities
Hyperliquid is at the center of a growing ecosystem, offering opportunities across several DeFi projects:
- Harmonix
- Hyperlend
- HyperSwap
- Hybridge
- Hyperliquid Names
- thefarm.fun
- Okto X Hyperliquid
Holding ecosystem tokens like HYPE, PURR, HFUN, or CATBAL can position you for airdrops from these projects.
Frequently Asked Questions
How Can I Claim My HYPE Airdrop?
Tokens from the Genesis Event were automatically deposited into eligible users’ spot accounts. You can sell them on Hyperliquid, withdraw to your personal wallet, or transfer to centralized exchanges (CEXs).
Are There Opportunities for New Users?
Yes. With 38.888% of HYPE tokens reserved for future emissions, there are ample opportunities for active participants to earn rewards. Future campaigns, such as a possible HyperEVM Season, may incentivize platform usage further.
How Can I Increase My Chances for Future Rewards?
- Maintain trading activity across spot and perpetual markets.
- Provide liquidity through the HLP.
- Utilize the referral program to grow the community.
- Hold ecosystem tokens like HYPE or PURR for potential airdrops.
What Are the Core Features of Hyperliquid?
Hyperliquid offers:
- Perpetual futures trading
- Spot trading
- Liquidity provision through the HLP
- A user-friendly Layer 1 blockchain tailored for DeFi applications
Conclusion
Hyperliquid is setting a new standard in decentralized trading by combining advanced functionality with a vibrant ecosystem. Active traders, liquidity providers, and engaged community members have significant opportunities to earn rewards through platform participation.
With an extensive roadmap and ongoing reward distributions, Hyperliquid provides users a unique chance to be part of a cutting-edge DeFi project.
Looking for more projects that may airdrop governance tokens to early users? Check out our list of potential retroactive airdrops to stay ahead in the DeFi space!
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