What is Hyperliquid?
Hyperliquid is a purpose-built Layer 1 blockchain that focuses on delivering high-performance decentralized finance applications. At its core is the Hyperliquid DEX, a fully on-chain orderbook perpetuals exchange that combines the speed of centralized exchanges with the security benefits of decentralization. The platform supports both perpetual futures and spot trading, with additional features including a native token standard and permissionless liquidity provision.
The ecosystem operates using the HYPE token, which was initially distributed through a points-based system to early users. The platform has shown significant growth since its alpha launch in 2023, attracting traders with its efficient execution and comprehensive feature set.
OVERVIEW OF POTENTIAL HYPERLIQUID L1 AIRDROPS – December 2024
Hyperliquid Airdrop Details
Hyperliquid completed its Genesis Event on November 29th, distributing HYPE tokens to eligible points holders who represented 31% of the total supply. Importantly, 38.888% of the HYPE supply has been allocated for future emissions and community rewards, creating ongoing opportunities for new users to participate in the ecosystem.
The platform continues to offer potential rewards through active participation, with future distributions possible for traders and community members. While the initial points season has concluded, users can still engage with the platform to position themselves for future reward programs.
UPDATE: A massive stash of 428M unclaimed HYPE tokens has been identified in the community rewards wallet. We’ve seen secret trading reward seasons before, and signs point to more ahead. keep interacting!
Step-by-Step Guide:
How to Participate in Hyperliquid
Getting Started
- Visit Hyperliquid and connect/sign with your wallet. This link gets you an instant 4% discount on fees.
- Bridge USDC from any chain to Arbitrum using Rhino and deposit it into your Hyperliquid account.
- Access spot trading:
- Navigate to “Trade”
- Click “Select instrument”
- Choose “Spot”
- Select from available trading pairs
- Engage in perpetual futures trading:
- Go to “Trade”
- Click “Select instrument”
- Select “All Coins”
- Choose your preferred trading pairs
Passive Participation Through Liquidity Provision
- Access the Hyperliquidity Provider (HLP):
- Navigate to “Vaults”
- Select “Hyperliquidity Provider”
- Enter your desired USDC deposit amount
Note: Deposits have a 4-day lock period
Maximizing Your Potential Rewards
- Generate and share your referral code:
- Go to “Referrals”
- Click “Create code”
- Share with other traders to earn USDC rewards
- Maintain regular trading activity:
- Trade both spot and perpetual markets
- Keep consistent volume over time
- Diversify across different trading pairs
Additional Ecosystem Opportunities
- Explore associated DeFi applications (Complete December 2024 list):
Frequently Asked Questions
How can I claim my $HYPE Airdrop?
If you accepted the Terms & Conditions (T&C) within the specified timeframe, the tokens were automatically deposited into your Hyperliquid spot account. No further action is required. You can sell them on Hyperliquid or withdraw them to your personal wallet for transfer to CEXs.
What happened in the Genesis Event?
The Genesis Event occurred on November 29th, distributing HYPE tokens to qualified points holders. No manual claim was required for recipients.
Are there still opportunities for new users?
Yes, with 38.888% of HYPE supply reserved for future emissions and community rewards, new users can still participate and potentially benefit from future distributions. Also, it’s possible that a “HyperEVM season” will be introduced in the near future to incentivise usage of the Hyperliquid blockchain and associated DeFi applications.
How can I increase my chances of future rewards?
Maintain active participation through regular trading, provide liquidity through HLP, and utilize the referral program to contribute to the ecosystem’s growth.
What are the key features of Hyperliquid?
The platform offers perpetual futures trading, spot trading, and liquidity provision opportunities, all operating on a purpose-built Layer 1 blockchain for optimal performance.
Current Opportunities
Users can currently focus on several key areas:
- Active trading on both spot and perpetual markets
- Providing liquidity through HLP
- Building a network through the referral program
- Engaging with the broader ecosystem applications
Stay updated with official Hyperliquid communications for announcements about future reward campaigns and ecosystem developments.
