Hyperliquid Round 1

How to Participate in Hyperliquid Season 2

Getting Started

1. Create your account
   • Visit Hyperliquid and connect your wallet — this referral link gives you an instant 4% discount on all trading feesAp
   • Complete account setup and accept the terms of service
2. Fund your account
   • Get USDC from Binance or bridge from any chain to Arbitrum using the bridge widget below
   • Deposit the bridged USDC into your Hyperliquid account

Spot Trading Strategy

Spot trading is one of the most direct ways to build activity and qualify for ecosystem project airdrops.

1. Access spot markets
   • Go to “Trade” → “Select instrument” → choose “Spot” from the dropdown
2. Focus on strict list tokens
   • Trade and hold tokens from the strict list: HYPE, PURR, HFUN, CATBAL
   • These holdings act as qualification criteria for airdrops from new ecosystem projects launching on Hyperliquid
   • Maintain active volume across multiple pairs

Perpetual Futures Trading

Perp trading generates the most direct platform activity signal and has historically been the primary weight in Hyperliquid reward calculations.

1. Navigate to futures markets
   • Go to “Trade” → “Select instrument” → “All Coins”
   • Choose pairs based on volume and volatility — high-liquidity pairs give better execution
2. Build a sustainable strategy
   • Start with smaller position sizes while learning platform mechanics
   • Maintain consistent activity across different market conditions rather than burst farming
   • Use leverage in line with your risk tolerance
3. Trade HIP-3 markets
   • HIP-3 lets anyone launch permissionless perpetual futures markets — equities, commodities, indices, forex — from providers including trade.xyz, Felix, HyENA, and Markets by Kinetiq
   • Go to Trade → select the HIP-3 tab to see available markets
   • HIP-3 growth mode has cut taker fees by 90% across new markets — from 0.045% down to 0.0045%–0.009%
   • For aligned collateral assets like USDH, fees drop further to 0.0036%–0.0081%

HYPE Staking for Maximum Rewards

Staking HYPE has run since December 30, 2024, and currently yields around 2% APR (as of March 2026 — rates fluctuate with network activity). It’s one of the few ways to earn USDC rewards, qualify for ecosystem airdrops, and participate in governance simultaneously.

1. Acquire HYPE tokens
   • Purchase HYPE from the Hyperliquid spot market
   • Dollar-cost averaging works well for larger positions given price volatility
2. Complete the staking process
   • Go to “Staking” → transfer HYPE from spot balance to staking balance → click “Stake Tokens”
   • Consider delegating to HypurrCollective validator for added benefits:
     • Earn Nansen points alongside staking rewards
     • Access to exclusive ecosystem airdrops
     • Track record of 5 successful airdrops since staking launch
3. What staking pays
   • HYPE token rewards from network inflation
   • USDC rewards from platform trading fees
   • Eligibility for ecosystem project airdrops
   • Governance participation in protocol decisions

For higher yield, liquid staking protocols like Kinetiq and LoopedHYPE let you stake HYPE, receive an LST, then deploy that LST into HyperEVM DEX liquidity pools — stacking staking APR, LP APR, and protocol points at the same time.

HyperEVM: The Highest-Upside Layer Right Now

The HyperEVM network is Hyperliquid’s EVM-compatible smart contract layer. TVL is still modest compared to the main DEX, which means less competition and better positioning for early participants. This is where the clearest edge exists for people entering Season 2 today.

1. Bridge to HyperEVM
   • Acquire at least 5 HYPE tokens from the spot market
   • Send via the dedicated HyperEVM button in your account, or use the official HyperDash bridge
2. Add HyperEVM to your wallet
   • Configure automatically via Chainlist, or manually with these settings:
   • Network Name: Hyperliquid | RPC URL: https://rpc.hyperliquid.xyz/evm | Chain ID: 999 | Currency Symbol: $HYPE
3. Interact with HyperEVM applications
   • HyperSwap: Decentralized exchange for token swapping
   • HyperBeat: Yield on various tokens
   • HyperLend: Borrow and lend assets (confirmed points boost for Hypurr NFT holders)
   • Hyperliquid Names & dotHype: ENS-style naming service on HyperEVM
   • More projects on our Hyperliquid & HyperEVM archive
4. Generate a custom farming strategy
   • Visit Hyperevm.farm and input your available capital for tailored recommendations
   • Filter by strategy type: delta-neutral (price exposure protection), low-risk only, or stables-only for minimal volatility
5. Buy a Hypurr NFT
   • Find the Hypurr collection on OpenSea on the HyperEVM network and purchase using HYPE
   • The Hyper Foundation’s terms state Hypurr NFTs “may from time to time be associated with certain benefits, features, or entitlements” — no Utility is guaranteed, but HyperLend has already confirmed a points boost for holders
   • NFT holding may factor into future HYPE distribution criteria

Earn Yield: Supply USDC with Portfolio Margin

Trade Prediction Markets (HIP-4)

HLP: Passive Liquidity Provision

The Hyperliquidity Provider (HLP) vault is the lowest-friction way to participate for users who don’t want to actively trade.

1. Access the HLP vault
   • Navigate to “Vaults” → select “Hyperliquidity Provider” → review current performance and fees
2. Deposit strategically
   • Enter USDC amount and plan around the 4-day lock period
   • Reinvest earned rewards to compound returns over time

Referral Program

The referral program pays USDC rewards for every user you bring to the platform.

1. Generate a referral code
   • Go to “Referrals” → click “Create code” → customize the name for easy sharing
2. Share it to the right audience
   • Target active traders — the 4% fee discount is the hook; high-volume referrals generate meaningful USDC returns
   • Track performance via the referral dashboard