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.