Bitcoin
BTC
$
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-0.00%
Ethereum
ETH
$
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-0.00%
Solana
SOL
$
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-0.00%
XRP
XRP
$
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Dogecoin
DOGE
$
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ChainLink
LINK
$
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Binance Coin
BNB
$
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-0.00%
Cardano
ADA
$
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Litecoin
LTC
$
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Ordinals
ORDI
$
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Polygon
MATIC
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Optimism
OP
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Arbitrum
ARB
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Polkadot
DOT
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Avalanche
AVAX
$
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Sui
SUI
$
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Ethereum Classic
ETC
$
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FileCoin
FIL
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Celestia 
TIA
$
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Injective
INJ
$
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-0.00%

Hyperliquid Airdrop

Hyperliquid is a fully decentralized perpetual trading platform that operates on its own custom-built Layer-1 blockchain. It has surpassed competitors like dYdX, processing over $3 billion daily to become one of the leading DEXs. To reward its community of over 140k users, Hyperliquid designed a Points Program that will be a key component of their token airdrop campaign during Q2 2024.

The platform's flagship application, the Hyperliquid DEX, is a fully on-chain order book perpetual exchange with 128+ tradable assets and up to 50x leverage. Another Hyperliquid product, The Hyperliquidity Provider (HLP) protocol allows users to create vaults that other users can deposit into and essentially copy trade the positions of the vault's creator. The leaders of these vaults, known as "vault leaders", are rewarded with 10% of the profit generated from the trades. 

Hyperliquid hasn't released a tokenomics model yet, but they announced a points campaign for an upcoming airdrop in which 1,000,000 points (off-chain virtual currency) will be distributed weekly to Hyperliquid users for 6 months ending in May 2024. Additionally, an affiliate point matching program allows users to earn an extra 25% points from referrals. The exact conversion of points to tokens is still unknown.

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How To Earn Hyperliquid Airdrop Eligibility

Our team has carefully examined and used HyperLiquid's products in order to earn points for potential airdrop eligibility. Note that everything except the referral method will require capital.

1.

Connect To Website And Deposit Funds

Go to the official Hyperliquid app and connect your crypto wallet (Metamask, OKX, Coinbase, etc.) To begin using Hyperliquid’s protocols you will need to first have capital bridged to Arbitrum. Once that is done, you can click on “Deposit” inside Hyperliquid’s DEX and fund your perp account with the desired amount.

2.

Begin Trading On The Hyperliquid DEX

To start collecting points begin trading on the Hyperliquid DEX as you would on any other perpetual exchange. By opening short/long trades you will increase trading volume and therefore your accumulated points. Note that “wash” type of trades might not count and will earn zero airdrop points.

3.

Deposit Or Create Trading Vaults

Users can also head over the Hyperliquid Vaults page and choose to create or deposit in existing vaults. By participating in these HLP vaults, users can copy-trade the strategies of the vaults leaders and earn airdrop points in the process. The vault leaders take 1/10th of the profit generated from the trades of the vault’s users.

4.

BONUS: Referral Program For 25% More Points

After reaching $10,000 in volume, you can generate a referral code. You will receive 10% of referred users' taker fees, minus any fee discounts they receive. Using a referral link will save your referrals 4% on their taker fees. If you have referred more than $100 million in 30 days or have 5,000+ social media followers, you can apply for the affiliate program, which will pay you 1 point for every 4 points their referred users earn, or simply 25%.

5.
6.
Disclaimer:

Points do not guarantee governance token airdrops. Despite the prevalence of such practices, some protocols have maintained points programs for years without initiating airdrops. Always engage responsibly with applications, investing only what you can afford to lose, as many are in early stages and carry smart contract risks.

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