Trade derivatives on Hyperliquid to earn points and airdropped tokens in the future!
Hyperliquid
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Rewards
Rewards
TBA
Past rewards
$300 $31,500
Details
Minimal cost
~$20
Minimum deposit
$500
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Medium
The Hyperliquid project has a talented team and is making good progress. They haven't received funding from venture capitalists yet. They use a points system that might become tokens later. The risk is medium or higher.
When it comes to medium deposit size, users deposited $265 on the platform, while the median amount is $4731. You should consider depositing at least $500 to be above the medium amount deposited. Moreover, you should aim for at least $10,000 of volume on the platform.
If you're new, note this is about DeFi (Decentralized Finance). It's important to understand DeFi well before you start.
Pros & Cons
Why is it worth it?
Experienced Team
Led by experts from top trading firms Citadel and HRT, showing strong leadership.
Strong Connections
Ties with notable funds like Coinbase, Dragonfly, eGierl enhancing its network and credibility.
Low Competition
Fewer users on the platform means less competition for rewards.
Points System
Has a system that may turn points earned into tokens later. The programme will run for 6 months from 1 November 2023.
Risks to consider
No VC Funding
Lacks official financial backing from venture capital firms.
Hacking Risk
Being a DeFi project, it's always exposed to the threat of cyber attacks.
Expensive Opportunity
It is recommended to use $500 to participate in the opportunity, which make it expensive.
How to participate?
Every type of opportunity has its common rules. Following these closely can significantly increase your chances of qualifying for the potential rewards. Here is a list of recommendations from our team designed to maximize your chances of benefiting from this opportunity.
- Minimum Investment Requirement: To participate fully in Hyperliquid, you should make at least $10,000 volume. You will unlock more features of the platform as you do so. However, depending on your financial ability and willingness to take risks, consider trading three times this amount. When it comes to medium deposit size, users deposited $265 on the platform, while the median amount is $4731. You should consider depositing at least $500 to do the volume required and be above the medium amount deposited.
- Focus on Derivatives Trading: The main activity in Hyperliquid is derivatives trading. This should be your primary focus when engaging with the platform, but remember, derivatives trading is for advanced users.
- Regular and Diverse Participation: Engage in trading activities multiple times across different months. This varied participation can be beneficial.
- Understanding HLP and Risks: Hyperliquid offers an HLP (Hyperliquid Pool), similar to GMX's GLP. This pool earns profits through a market-making strategy. Perfect one for DeFi begginers. However, be aware that HLP can also lead to negative returns.
- Diverse Activities: Users can engage in different activities like Blast and hedge $BLUR tokens, offering multiple reward opportunities.