Hyperwave Shutting Down » Withdraw Your Funds Before Dec 16

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Airdrop ends 2026-12-16
Withdraw Funds
Chain: Hyperliquid

Ongoing

Jump to steps Updated 11 Nov 2026 · 4 steps

Hyperwave Airdrop Details

Hyperwave is shutting down and operations end on December 16, 2026. All vaults are withdrawal-only, so withdraw your funds before then. The Wave Points program and the Season 2 claim have ended.

Hyperwave ran a Wave Points program that rewarded ecosystem participants with points leading to an airdrop of the $HWAVE governance token. Season 1 ended on August 28, 2025, with 16% of the total $HWAVE supply allocated to participants (increased from 8%).

Participants earned Wave Points through activities including holding hwHLP tokens (1 point per day), depositing into hwHYPE vaults (50 points per day), and engaging with integrated protocols. The program included multiplier boosts for liquidity providing on Pendle (2x-2.5x), borrowing on protocols like Hypurr (2x-2.5x), and holding yield tokens. Referred users received a 5% boost on their points, and early hwHYPE depositors qualified for an extra 2% of the total $HWAVE supply allocation.

Latest Update: Hyperwave Is Shutting Down, Withdraw Before December 16

Hyperwave is closing the protocol, citing operating costs and regulatory uncertainty. Operations end on December 16, 2026. Withdrawing before then is the fastest way to get your funds back. After that date, any remaining NAV will be returned to the wallet holding the vault token.

How to Withdraw

Open the Hyperwave app and connect the wallet that holds your vault tokens.
Withdraw from every vault you hold. All vaults, including GWAVE, are now withdrawal-only.
If you locked $HWAVE into GWAVE, unstake it. GWAVE can be unstaked at any time.

What Else to Know

Vaults keep earning yield while they move capital into the base asset to cover withdrawals.
Until the shutdown, 100% of vault revenue goes to $HWAVE buyback and burn.
Watch out for phishing links. Only use the official app link above. Questions about the shutdown go to the Hyperwave Discord or support in the app.

Hyperwave Season 2 $HWAVE Claim (Ended)

This section is kept for reference. The Season 2 claim and the GWAVE lock offer are no longer active.

Hyperwave opened claims for the Season 2 $HWAVE token distribution. Season 2 ended on November 20th, 2025.

How the Claim Worked

Eligible users claimed their $HWAVE tokens through the claim portal and could lock them into GWAVE before December 6th 10:00 UTC to earn a share of the protocol revenue. 50% of $HWAVE buybacks were burnt to remove tokens permanently from circulating supply. The other 50% went to the $GWAVE vault.

Season 2 Allocation Breakdown

The Season 2 distribution represented 8% of the total $HWAVE supply, divided as follows:

General Participation: 7% of total supply
Top Referrers: 1% of total supply

How to Participate in the Hyperwave Season 2 Airdrop (Ended)

Deposits are closed and Wave Points are no longer earned. The steps below are kept for reference only.

Step-by-Step Guide

Connect Your Wallet
- Visit the Hyperwave App
- Click “Connect Wallet” and select your preferred EVM wallet (MetaMask, WalletConnect, etc.)
- Ensure your wallet is connected to HyperEVM network
Obtain Required Assets
- You’ll need USDT0 or USDe stablecoins for hwHLP deposits, or HYPE tokens for hwHYPE vaults
- USDT can be purchased on Binance and then bridged to HyperEVM using Hyperflow
- Alternatively, use LayerZero integration within the Hyperwave DApp for direct cross-chain deposits
Use Referral Code
- Navigate to the referral section
- Enter the referral code: AIRDROPSIO to receive a 5% boost on your Wave Points
Deposit into hwHLP Vault
- Go to the “Hyperwave HLP” section in the app
- Select your deposit amount in USDT0 or USDe
- Click “Mint” and confirm the transaction
- You’ll receive hwHLP tokens that automatically earn 1 Wave Point per token per day
Optional: Deposit into hwHYPE Vault
- Navigate to “Hyperwave HYPE” section
- Deposit HYPE tokens to receive hwHYPE
- Earn 50 Wave Points per hwHYPE token per day
- Early depositors (first week) receive additional 2% $HWAVE allocation
Maximize Points Through Integrations
- Use hwHLP in Pendle markets for 2x-2.5x point multipliers
- Provide liquidity in supported DEX pools for bonus multipliers
- Borrow against your positions on Hypurr or Hyperdrive for additional boosts
- Hold yield tokens (YT) on Pendle for extra rewards
Monitor Your Progress
- Check your points balance in the Portfolio section
- Track your ranking on the leaderboard

Tips for Maximizing Airdrop Rewards

Deposit Early: Early participation maximizes point accumulation time.

Leverage Multipliers: Focus on activities that provide point multipliers. Pendle integrations offer some of the highest boosts at 2x-2.5x for certain activities like LP positions and yield token holding.

Combine Strategies: Hold both hwHLP and hwHYPE tokens to diversify point earning sources. The 50:1 point ratio for hwHYPE makes it particularly valuable for smaller capital allocations.

Utilize Referrals: The referral program provides a 5% permanent boost and shares in the top 100 referrer rewards (1% of total allocation). Building a referral network can significantly increase overall rewards.

Consider Integration Opportunities: Beyond basic holding, explore lending, borrowing, and liquidity provision through integrated protocols for compound benefits and additional protocol rewards.

Understanding Key Terms

hwHLP: A liquid wrapper token representing exposure to Hyperliquid’s HLP vault, allowing users to earn yields from market making and liquidations while maintaining asset liquidity for DeFi applications.

hwHYPE: An automated vault token that deploys HYPE tokens across various lending protocols to generate optimized yields while passing through all earned points and rewards to depositors.

Wave Points: The reward system that tracked user engagement with Hyperwave protocols and served as the basis for $HWAVE token distribution.

HyperEVM: Hyperliquid’s EVM-compatible layer that enables traditional DeFi integrations while accessing native Hyperliquid features and yields.

Multipliers: Bonus point rates applied to specific activities like liquidity provision, borrowing, or holding certain token types, ranging from 2x to 2.5x base rates.

Withdraw Funds

What is Hyperwave?

Hyperwave is a DeFi protocol building a comprehensive “SuperApp” on the Hyperliquid ecosystem, designed to enhance liquidity and yield optimization across the platform. The project focuses on tokenizing key Hyperliquid primitives into composable, yield-bearing assets that can be utilized across various DeFi protocols. Developed with support from Swell Labs, Hyperwave addresses limitations in Hyperliquid‘s ecosystem by making high-yield primitives accessible and integrable into broader DeFi applications.

The protocol’s flagship products include hwHLP, a yield-bearing token representing exposure to Hyperliquid’s Hyperliquidity Provider (HLP) vault, and hwHYPE, an automated vault that optimizes HYPE token deployment across lending protocols. Built on HyperEVM, Hyperliquid’s EVM-compatible layer, Hyperwave enables seamless integration with existing DeFi tools while leveraging Hyperliquid’s native features. The project has established partnerships with major ecosystem players including Pendle, Euler Finance, Felix Protocol, and LayerZero, positioning itself as a central hub for Hyperliquid DeFi activities.