Trove

    What is Trove?

    Trove is a decentralized perpetual futures exchange built on Hyperliquid that enables leveraged trading on collectibles, real-world assets (RWAs), and equities. The platform offers up to 5x leverage on exotic markets including Pokémon cards, luxury watch indexes, Birkin bags, CS2 gaming assets, and equity markets for companies like Nintendo and Popmart.

    The platform went live with its public beta on November 27, 2025, allowing users to take long or short positions on collectibles with real-time liquidity, low fees, and on-chain transparency. Trove raised $20 million to purchase 500,000 $HYPE tokens for HIP-3 integration into the Hyperliquid ecosystem.

    Unlike traditional derivatives exchanges, Trove brings perpetual futures functionality to niche collectibles markets and prediction markets, creating a new trading vertical within DeFi.

    Trove Airdrop Details

    Trove operates a points program that may contribute to future $TROVE token distribution, though no airdrop is officially confirmed. Points were allocated based on a December 5, 2025 snapshot of activity across Hyperliquid ecosystem protocols including Unit, Kinetiq, Hyperlend, Felix, Hyperliquid Core trading, and Hypurr/Hypio/Pudgy NFT holdings.

    Users continue earning points through trading volume on Trove’s beta platform, with maker limit orders receiving a 1.2x multiplier and taker market orders earning standard 1.0x points. The platform also runs a trading competition with $200,000 in prizes.

    Participants must connect their wallet to Trove to claim points at the eventual $TROVE token generation event. A referral program provides a +10% boost on trading points for both referrer and referee, active for 90 days after activation.

    Latest Update: Trove has released their tokenomics with an ICO scheduled for January 8th, 2026. The token distribution allocates 38% of $TROVE for Community Rewards and 20.5% for Ecosystem & Growth. Points holders with more than 250K points who participate in the ICO will receive boosted allocations ranging from +10% to +20% on their final distribution.

    Trove Markets has released Beta V2 with several new trading features and improvements. Key additions include TWAP (Time-Weighted Average Price) orders, TLP (beta) for 24/7 instant trading liquidity, a referral program with fee sharing, and user-requested markets based on merit. The platform now features instant, second-level price updates through improved oracle reliability.

    Mainnet launch will coincide with the full Beta V2 release alongside the mobile app launch via iOS TestFlight.

    Perpetual contracts for prediction markets are now available on Trove through Polymarket.

    How to Participate in the Trove Points Program

    Step 1: Visit Trove Markets

    Navigate to Trove’s webapp and connect your wallet to access the trading platform.

    Step 2: Use Referral Code

    Enter referral code AMRAMLS when prompted to receive a +10% boost on all trading points for 90 days.

    Step 3: Claim Ecosystem Snapshot Points

    If you participated in Hyperliquid ecosystem activities before December 5, 2025, go to the Points page and click on View My Points. Make sure you are connected to the HyperEVM testnet network to see your points allocation. Connect your wallet to claim them at TGE. Download your points poster and share your allocation on X.

    Step 4: Purchase USDC from Binance

    Buy USDC on Binance if you don’t already hold it. Navigate to the Spot market and purchase the amount you plan to deposit.

    Step 5: Withdraw USDC to Base or Arbitrum

    Withdraw your USDC from Binance to your wallet on either Base or Arbitrum network. Alternatively, use Rhino to bridge USDC from other networks.

    Step 6: Deposit USDC to get USDH

    On Trove’s webapp, locate and click the “Get Testnet $USDH” button to access the deposit interface. Deposit between 1-5 USDC to receive 1000-5000 USDH on Trove’s beta platform. Approve the transaction in your wallet.

    Step 7: Start Trading Collectibles

    Browse available markets (Pokémon cards, luxury watches, CS2 assets, etc.) and place your first trade. Use limit orders for the 1.2x point multiplier.

    Step 8: Apply for Trading Competition (optional)

    Visit Competition page, connect your X (Twitter) account, describe your trading style and experience, then submit your application.

    Step 9: Monitor Your Points

    Check your points balance and leaderboard position regularly.

    Hyperliquid Ecosystem Snapshot Breakdown

    Points from the December 5, 2025 snapshot were allocated based on activity across multiple protocols:

    • Unit: Bridged balance amounts
    • Kinetiq: Liquid staking value
    • Hyperlend: Supplied collateral value
    • Felix: Total account asset value
    • Hyperliquid Core: Spot and perpetual trading volume
    • Hypurr/Hypio/Pudgy NFTs: Number of NFTs held

    These snapshot points are fixed, but you can continue earning through active trading on Trove.

    Tips for Maximizing Trove Points

    • Use Maker Orders: Place limit orders instead of market orders to earn the 1.2x point multiplier on your trading volume.
    • Participate Early: Early beta users may receive additional bonuses or preferential treatment in future reward distributions.
    • Leverage Referrals: Share your referral code with other traders to earn ongoing +10% boosts from their activity.
    • Focus on Volume: Points scale with trading volume, so consistent trading activity matters more than individual trade sizes.
    • Join the Competition: The $200,000 trading competition offers immediate rewards regardless of airdrop speculation.

    Frequently Asked Questions

    Is the Trove airdrop confirmed?

    No official airdrop is confirmed. Trove operates a points program that may contribute to future $TROVE distribution, but participants should treat this as speculative.

    What was included in the December 5 snapshot?

    The snapshot captured activity on Unit (bridging), Kinetiq (staking), Hyperlend (lending), Felix (portfolio), Hyperliquid Core (trading), and three NFT collections (Hypurr, Hypio, Pudgy).

    How do point multipliers work?

    Maker limit orders earn 1.2x points on trading volume, while taker market orders earn standard 1.0x points. Referrals provide an additional +10% boost for 90 days.

    Can I participate without the ecosystem snapshot?

    Yes. You can earn points purely through trading volume on Trove’s beta platform, regardless of prior Hyperliquid ecosystem participation.

    What can I trade on Trove?

    Current markets include Pokémon card indexes, luxury watches, Birkin bags, CS2 gaming assets, and equity perpetuals for Nintendo and Popmart stock.

    How long does the referral boost last?

    Referral bonuses remain active for 90 days from the time your referee activates their account using your code, with first-touch attribution.

    Conclusion

    Trove brings perpetual futures trading to collectibles and exotic markets through its Hyperliquid-based platform. While no airdrop is officially confirmed, the active points program and $200,000 trading competition provide immediate incentives for early users.

    Connect your wallet, deposit USDC, and start trading to accumulate points. Use referral code AMRAMLS for a +10% boost and monitor your progress through the leaderboard. Focus on maker orders for maximum point efficiency.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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    Estimated Value

    n/a

    Tokens per Claim

    n/a

    Max. Participants

    Unlimited

    Overview