Entropy

Entropy Airdrop Details

Entropy has no token and no announced airdrop. Its site, docs, and X account make no mention of a token, points program, season, or quest system. Any retroactive reward for early traders is speculation, based on how other Hyperliquid ecosystem projects have treated pre-token activity.

What exists instead is a cash fee program: four rebate tiers plus referral rewards, all calculated against Entropy’s half of the HIP-3 fee split rather than the full fee you pay. Trading here also builds Hyperliquid volume, which feeds separately into Hyperliquid Season 2 expectations.

How to Participate in the Entropy Airdrop

Step 1: Connect your wallet to Entropy

Go to the Entropy trading app and connect Rabby, MetaMask, or another supported wallet.

Step 2: Set your username

Finish account setup and pick a username.

Step 3: Deposit USDC to your Hyperliquid account

Entropy markets settle in USDC held in your Hyperliquid perps balance, funded via Arbitrum. Buy USDC on Bybit and withdraw straight to Arbitrum, or shift existing funds across chains using the widget below.

Bridge funds

Swap and bridge across 30+ chains without leaving this page.
Fast routes, low fees.

Opens an interactive bridge widget

Step 4: Trade the live Entropy markets

Open positions on io:ANTH, io:SNDK, io:NBIS, or io:GPRO. Leverage caps run from 5x to 10x by market, and isolated margin keeps any liquidation contained to that position.

Step 5: Create or apply a referral code

Generate a code on the referrals page to earn a share of fees from signups. Applying someone else’s code gives you a fee benefit matching their tier.

Step 6: Build volume on Entropy markets

Rebate tiers track rolling 30-day volume on Entropy markets. Volume on native Hyperliquid perps like BTC or ETH counts for Hyperliquid but not toward Entropy tiers.

Tips for Maximizing a Potential Entropy Allocation

Spread activity across market types. Entropy runs equity, index, and pre-IPO markets with different mechanics, and touching several looks less like volume farming than repeating one pair.

Hold positions long enough to be real. Rewards are reviewed manually, and wash trading, pre-arranged trades, or self-referral void everything pending.

Treat funding as a cost. Pre-IPO perps use a funding multiplier that pulls mark toward the oracle bound, so held positions can bleed regardless of direction.

Conclusion

Entropy is early in a way that cuts both ways. There is no token and no points dashboard, so nothing to farm mechanically, but there is also little competition among traders building history on io:ANTH and the equity perps. The rebates pay real money now, and Tier 2 is open to anyone who has traded a HIP-3 market before.

What is Entropy?

Entropy is a HIP-3 market deployer on Hyperliquid running perpetual futures on global equities, commodities, indices, and long-dated pre-IPO companies. HIP-3 lets independent teams operate their own perp markets on Hyperliquid’s matching engine, setting their own assets, oracles, and leverage caps.

Entropy raised $14 million led by Ribbit Capital, announced August 24, 2026, the day its first markets went live. The 500,000 HYPE bond HIP-3 requires, worth roughly $40 million, came from treasury company Hyperion DeFi under a partnership rather than from Entropy itself.

Want more airdrops like Entropy? Discover Hyperliquid ecosystem airdrops →

Funding

$14M

Difficulty

Easy

Cost to Farm

Low
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Overview