Airdrop

1. Why Farm HL

• Proven Track Record:

  • Two previous point seasons delivered the largest airdrops in DeFi history, proving that active participation generates substantial rewards

• Continuous Buying Pressure:

  • The Assurance Fund automatically reinvests 93% of platform fees to purchase HYPE tokens, creating consistent demand and price support.

• Strategic Tokenomics:

  • Total Supply: 1,000,000,000 HYPE tokens

  • Current Circulating Supply: ~333M HYPE

    • 310M: genesis distribution (only ~270m claimed)

    • 60M: Hyper Foundation budget

    • 3M: community grants

    • 120K: HIP-2

  • Team Allocation (Core Contributors): 238M tokens with cliff ending November 28, 2025, followed by 2-4 year vesting

  • Future Community Rewards: ~430M tokens reserved for ongoing distributions and ecosystem growth

    • Distribution methods beyond the 2.2% staking rewards remain unannounced

• Staking Advantage:

  • Staking HYPE reduces your trading fees while earning 2.2% annual rewards, a dual benefit that compounds your returns. See the Fees page for more details.

• Multiple Revenue Streams:

  • HL farming provides direct rewards and unlocks opportunities across the entire Hyperliquid ecosystem, multiplying your earning potential.

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2. How to Farm HL

Below is an overview of farming strategies split into two main areas: HyperCore and HyperEVM.

A. HyperCore

• Season 1 & 2 Rewards:

  • Rewards were based on your trading volume on perpetuals and holding spot tokens.

  • Points are retroactive, so actions taken now (trading, staking, HLP) may still earn rewards.

• Potential Reward Areas:

  • Trading: Engaging in perp trades is likely to be rewarded.

  • Spot Holdings: Maintaining a spot token balance on the platform can earn you points.

  • Staking: Staking your $HYPE reduces fees and could yield additional rewards.

    • Top validators include @nansen_ai x @hypurr_co, Alphaticks, Validao, Hypio x HyperBeat, and ASXN.
  • HLP Contributions: Depositing into the HLP vault helps keep the DEX operational and is expected to be incentivized.

B. HyperEVM

• Setup & Participation:

  • Create your HL account, deposit funds (e.g., send USDC), buy $HYPE, and transfer your funds to HyperEVM following the provided instructions.

• Engagement & Rewards:

  • Perform on-chain actions and interact with various HyperEVM protocols.

  • Trading activities and protocol interactions on HyperEVM are expected to be rewarded with HL.

  • Participation in HyperEVM not only earns rewards on this chain but also unlocks farming opportunities across the broader HL ecosystem.

• Strategy Examples: There are many possible strategies to explore. You can start by:

  • Using HyperUnit to deposit and collateralize your BTC or other assets in Felix, HyperLend, or HypurrFi
  • Using HyperSwap or Laminar to provide liquidity
  • You can find the complete list of all protocols on HyperEVM on this page.

  For More Information: Check out these community tutorials for detailed strategies:

  • Hyperliquid & HyperEVM Token Watchlist
  • HyperEVM Airdrop Playbook 102
  • A More Detailed Strategy
  • Four Smart Strategies

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This overview provides a structured starting point for farming HL on both HyperCore and HyperEVM. Engage with these protocols now to position yourself for current and future rewards across the entire Hyperliquid ecosystem.