Author: Stacy Muur
Translation: Golden Finance
In this article, I will briefly introduce 10 emerging Hyperliquid native protocols that I am currently following:
1. Monetrix: A native protocol for yield maximization on Hyperliquid, which is a single stablecoin driven by portfolio margin that integrates funding rates, HLP, maker rebates, and HIP-3 into an on-chain comprehensive yield. It can be understood as a Hyperliquid version of Ethena.
2. ROSETTA: An automated stablecoin yield routing on Hyperliquid. After depositing USDC, the system automatically migrates funds between Felix, Hyperlend, Morpho, Aave, and HLP to the protocol with the highest current yield at each block while calculating gas fees and slippage costs.
3. papertrade.xyz: A fair-launched perpetual contract protocol on Hyperliquid, offering up to 1000x leverage with no funding rate and no slippage. Trading execution is based on price oracles rather than order books, completed entirely on-chain.
4. alt.fun: A launchpad on Hyperliquid where each token is paired with a leveraged perpetual position, allowing the establishment of 2x, 3x, or 5x long or short in any HL market. The token price is influenced by both trading activity and the performance of the underlying perpetual position.
5. Ventuals: Pre-IPO perpetual contracts on Hyperliquid. Built on HIP-3, it allows long or short operations on the valuations of private companies like OpenAI, SpaceX, and Stripe, with a maximum leverage of 10x.
6. Liminal: A delta-neutral yield protocol on Hyperliquid. By depositing stablecoins, it captures funding rates through automated short positions and reuses the generated xToken (xBTC, xETH, xHYPE) as collateral in the DeFi ecosystem.
7. Melt: Bringing tokenized stocks, commodities, and equity assets into the Hyperliquid spot market. You can trade real-world assets (RWA) around the clock, on the same order book as BTC, through your own wallet.
8. Chainsight: An oracle and data infrastructure protocol on Hyperliquid. It builds modular data flow pipelines that provide price sources, volatility indices, and risk metrics, with a latency of under 3 seconds, powering new derivatives on HL.
9. rip.xyz: A tokenized treasury strategy on HyperEVM. The flagship product rHYPURR allows you, through ERC-4626 shares tokens, to obtain liquidity and fragmented exposure to Hyper NFT management baskets priced hourly based on the asset's net asset value (NAV) backed by WHYPE.
10. Markets: A perpetual contract exchange developed by the Kinetiq team on Hyperliquid. Trade stocks, forex, commodities, bonds, and crypto perpetual contracts around the clock with a maximum leverage of 50x, all using USDH as margin and priced by Kaiko institutional-grade oracles.
Conclusion: Hyperliquid is moving beyond perpetual contracts, evolving into a complete on-chain financial stack. The above protocols are the underlying components that natively build real yields, liquidity, and new products.
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。
