Original Title: The Hyperliquid Airdrop 2.0 and How to Farm It
Original Author: Hixon
Original Translation: Deep Tide TechFlow
They say Faze Banks is always one step ahead. Wrong, Blocmates is usually the first one. In fact, to be frank, when it comes to Hyperliquid, we are the earliest pioneers. Some people joined us in mining, some did not, but that’s okay. Perhaps the second important opportunity is right in front of us.
The current market situation is that if you weren't born in a trading hall, or if you are not one of those "magicians" who can always perfectly long or short on some X platform, you are likely experiencing losses (so am I). Don’t worry, those who endure will eventually thrive. My plan is simple: during this market downturn, I will focus on the Hyper EVM ecosystem and try to seize the opportunity for the Q3 HYPE airdrop. Additionally, all the protocols mentioned in this article will airdrop their native tokens, which is a win-win strategy. Remember, 38.8% of HYPE is still reserved for future distribution and rewards:
Before diving deeper, it’s important to note that these protocols are all in their early stages. Do not invest more than you are willing to lose. At the same time, I will only mention the most important protocols that have received broad support from the Hyperliquid core community.
The Current State of Hyper EVM
As of the writing of this article, only about 1.6% of the total circulating supply of HYPE has been deployed on Hyper EVM. This means that from now on, you can consider yourself an early participant, just like starting to mine in the first couple of months of Season 1.
Source: HypeBurn
However, please note that this ratio has doubled in the past week. Attention is increasing, and once Season 3 is announced (currently just speculation, but highly likely), the influx of funds will surge. By looking at the top seven applications on DefiLlama, we can clearly see the current protocol leaders. We will focus on these protocols and more other projects.
Source: DefiLlama
How to Transfer HYPE to Hyper EVM
The simplest first step is to bridge USDC to Arbitrum and then deposit it into Hyperliquid. Next, use the "Spot" feature to purchase HYPE (the "Spot" option can be found in the token search bar). Once you hold HYPE, simply click the "Transfer to EVM" button to bridge it to Hyper EVM.
You can also use HyBridge directly for bridging. Now that you are ready, let’s get into the specific applications.
KittenSwap
Starting with decentralized exchanges (DEX). KittenSwap is currently the leading 3,3 DEX on Hyperliquid EVM. Remember Shadow on Sonic? It’s a similar story.
The best way to mine on KittenSwap is to choose your preferred liquidity pool. The less total liquidity (TVL) a pool has, the more points you earn. For example, I chose the HYPE/PURR pool because I found that PURR's price movement is similar to HYPE, which means I won’t suffer too much impermanent loss. If you want a 1.28x points bonus, you can buy a MechaCat on Drip.Trade. Additionally, MechaCat NFTs themselves will receive 3% of the total airdrop. In the spirit of Hyperliquid, points miners will receive 30% of the total supply and will be regarded as early participants. Join KittenSwap: click here
HyperSwap
HyperSwap is currently the second-largest DEX on Hyper EVM. A lower TVL means less competition, which may provide a good opportunity for users with less capital. Similar to KittenSwap, just choose your preferred liquidity pool and start mining. Points are distributed every Sunday.
HypurrFi
HypurrFi is a place where you can enhance HYPE by depositing and borrowing the USDXL stablecoin. Pay attention to your health factor and liquidation level, which can be seen on the homepage. Then, you can use USDXL in the aforementioned KittenSwap or HyperSwap liquidity pools. This way, you will earn double points and increase your Hyper EVM activity.
Looped Hype
This is another leveraged opportunity for those looking to increase HYPE staking rewards or use LHYPE in DEX pools. Similarly, through this method, you can earn more points and enhance Hyper EVM activity. That’s the strategy.
Staking Your HYPE
You can choose to stake your HYPE on the official Hyperliquid staking page or use the following LST (liquid staking token) providers:
· Thunderhead
· Kinetiq
· Harmonix
· HyperFlash
If Season 3 becomes a reality, all of these will increase your points.
Drip Trade
Drip Trade is the main NFT hub of Hyper EVM and has attracted a lot of activity. Hypers are the official series of the Drip Trade project, and when the DRIP token is released, it may receive a token allocation. I personally also bought some Hypios (these Hypio mining points are a leading series that received many whitelists), MechaCats, and Tiny Hyper Cats.
HyperLend
HyperLend is positioned as the Aave of Hyperliquid and has seen significant adoption. For this project, you may need to wait for the limits to increase, as many users have already acquired points here.
Hyper Unit
Hyper Unit supports depositing native BTC and ETH into Hyper EVM. Over 1000 ETH has already been deposited, and I believe this number will increase rapidly by the time this article is published. Just use its deposit page. The official Hyperliquid account is actively promoting this project on the X platform, so I think the points bonus is worth it.
Mizu Labs
This project is very interesting. Mizu Labs aims to become a unified liquidity layer for Hyper EVM. Currently, they offer hypeETH and hypeBTC vaults. These vaults will automatically deploy your tokens to all key protocols inside and outside Hyperliquid. These vaults not only earn you points but also increase your Hyper EVM activity. To acquire hypeETH on HyperEVM, please refer to the guide.
Felix Protocol
Felix provides the key infrastructure that is still missing and needs improvement in the Hyper EVM ecosystem: stablecoins. Once Felix is fully online, you can deposit HYPE and mint feUSD. Again, you can use feUSD in various liquidity pools for double points and EVM activity. Additionally, you can participate in HYPE stable pools and earn HYPE rewards through Felix's liquidation.
Projects to Watch
You can game weekly in the above ten protocols, swapping, providing liquidity, lending, and looping… but if you want to truly dig into this airdrop, there are more projects to explore. Here are some projects worth paying attention to. Important note: some of these projects are even earlier and less known than the top ten. Please be aware of the risks.
· Keiko Finance
· Loot Base
· HyperStable
· Hana Network
· Hedge Water DAO
· Liquid Launch
· Liquid Loot
· Genesis
· Neko
Conclusion
Although the market is currently very sluggish, opportunities like this are hard to ignore. Personally, I will keep some funds and remain active on HyperEVM weekly while looking for new projects.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
