Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX. Further developments include a native token standard, spot trading, permissionless liquidity, etc.
The Hyperliquid L1 is custom built around a performant derivatives exchange as the flagship native component. A new season of points was announced on May 29th for users of their L1, following the successful implementation of the native spot tokens standards HIP-1 and HIP-2.
A total of 700,000 points will be distributed weekly for 4 months. The first snapshot will be for May 29-June 4. Points criteria will be updated on a recurring basis. Distributions will be based on weekly activity ending Wednesdays at 00:00 UTC and take place on Fridays. There will be 1:5 affiliate points matching. Affiliates will need to reapply. 2,000,000 points per week will be distributed for activity from May 1-28. This bonus multiplier is to reward organic usage.
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How to join Hyperliquid airdrop?
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Head to Hyperliquid and connect your wallet.
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Bridge some USDC to Arbitrum and then deposit.
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Trade spot assets to begin earning points for the L1 season.
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The higher the volume traded on spot assets, the more points you’ll likely earn.
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The higher the volume traded on spot assets, the more points you’ll likely earn.
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Also, you can trade perpetuals to earn points. Go to “Trade”, “select instrument”, then click on “All Coins
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A more passive approach is to deposit USDC into the HLP, which provides liquidity to the markets on Hyperliquid.
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Go to “Vaults”, select “Hyperliquidity Provider”, and enter the amount of USDC you want to deposit. Note that your deposit will be locked for 4 days.
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Generate a referral code from by going to “Referrals” and then “Create code”. Invite others to earn rewards and potentially boost the number of points you can earn
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There’s speculation that holding and trading the PURR memecoin (which was launched as a test for Hyperliquid’s L1) could earn you more points.
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The exact formula for earning points is not yet publicly known. You may also want to provide liquidity to the HLP, generate a referral code to invite friends and launch your own spot assets to max qualify.
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Points are distributed on a weekly basis on Fridays. Check the amount of points you’ve earned each week from “Points”.
