Unveiling the Ultimate Hyperliquid Airdrop Hack
Step-by-Step Tactics to Stack Those Points
If you’ve spent any time on crypto Twitter, you’ve likely seen KOLs end posts with “Hyperliquid."
The reason is that the original Hyperliquid airdrop made millionaires overnight—it was one of the biggest and most generous airdrops of all time!
It’s also legitimately eating into Binance and Coinbase market share, which is impressive for a project that has only been around for 5 months.
I mean, check out these numbers:
CURRENT STATE
• Annualized revenue reaching $1.1b pre-scaling
• 388k users onboarded, 26.3k daily active traders
• 43% of supply staked, reflecting conviction
• 1 trillion cumulative volume milestone reached
MARKET MECHANICS
• daily protocol revenue stable at $3m
• $1.5-$3m daily buybacks creating deflationary pressure
• Technical bottom forming in $12-$14 range
• trading at 15-20x p/e on circulating, 30-40x fdv
The Hyper Foundation holds 6% of the total supply of HYPE.
Hyperliquid is gearing up for another airdrop soon, as they still have 38% of the supply to distribute.
There were no VCs, so the rest of the airdrop will go to the community like the original.
There’s already a lot of bullish information about Hyperliquid, so I will leave that out of this newsletter and focus on helping you get the biggest airdrop possible.
Something important to note is that the airdrop campaign is not officially live.
Many of the apps in this newsletter also have a points system that isn’t live.
However, it’s been hinted multiple times that they will retroactively apply points depending on how you engage with the ecosystem.
Before we get into the more advanced airdrop farming strategies, let’s get the basics out of the way.
How to Get Started
Bridge to HyperEVM.
You have two options:
1. Transfer to EVM
If you’re already on Hyperliquid, click transfer to EVM to get started.
2. Use deBridge.
If you aren’t on Hyperliquid yet, deBridge is the quickest and easiest way to get to HyperEVM.
Please use my link to bridge so I can earn additional points for the next airdrop.
3. Use Hyperliquid DEX
The most obvious way to earn points for the airdrop is to generate volume on Hyperliquid.
You can do this by trading perps and buying spot assets.
It’s highly speculated that they will reward people who buy spot Bitcoin or transfer it to the EVM.
Everyone is chasing Bitcoin liquidity because it has the biggest market cap and the biggest whales.
A mystery whale recently shorted $300M worth of Bitcoin on Hyperliquid on a Sunday afternoon.
Imagine if there were more whales trading spot as well?
Make sure to also leave some HYPE on the Hyperliquid app and stake it.
They recently announced staking tiers, which enable discounted trading fees.
Staking will likely earn you bonus points, as they want to incentivize holding HYPE in any way possible.
The BNB chain has a similar model, and that’s their primary competition for perps, so I’m assuming they will do whatever it takes to beat them out, especially now that Hyperliquid is on CZs radar.
Interact With HyperEVM
Now that you have the basics down, it’s time to get active on HyperEVM by using as many different apps as possible!
The first airdrop was all about generating volume on the groundbreaking Hyperliquid app.
Most are speculating that the next airdrop will be all about incentivizing using the EVM.
Ultimately, Hyperliquid wants to position itself as a top layer-1 above Solana and Ethereum.
Luckily for you, there are a lot of apps to choose from, many of which have their own points program for an airdrop.
If you do this right, you will position yourself for a massive windfall.
I’ve outlined a clear path to getting started below.
Once you’ve executed the steps below, I suggest you keep clicking around the ecosystem to maximize the size of your airdrop.
4. Stake Your HYPE on stakedhype
Go to https://www.stakedhype.fi/stake and stake your HYPE for stHYPE.
5. Deposit and Borrow
Now that you have stHYPE, go to https://app.hypurr.fi/, deposit your stHYPE, and borrow HYPE.
It’s important to note you are levering up and looping your assets, which increases the risk of liquidation.
If you want to reduce your risk, turn efficiency mode on:
Once you’ve turned on efficiency mode, enter the amount of HYPE you want to borrow and click “continue.”
Once you click continue, click approve, deposit, and borrow (so many buttons to click!)
6. Go Back to stakedhype, repeat
Staking, depositing, and borrowing against your HYPE seems like an easy way to stack points for the airdrop.
That said, you also want to avoid getting liquidated, so go to your dashboard and check your health factor.
If it’s too low, deposit more HYPE to improve your health factor to “healthy.”
Make sure your health factor is always “healthy.”
The goal is to maximize your points for the Hyperliquid airdrop, not get liquidated.
HypurrFi states it’s tough to get liquidated because HYPE and stHYPE are closely matched.
Still, it’s always better to be safe than sorry.
This is probably one of the easiest and best combos for stacking points for the airdrop, as you’re executing and looping three different actions on the EVM.
Bridging to HyperEVM
Staking your HYPE
Borrowing HYPE
Again, we have no way of knowing how many points this will accrue, but it’s an action that a lot of projects want to incentivize.
A good example is Sonic and Silo with their 80x airdrop farming points hack I wrote about here.
Engineers think similarly along the lines of incentives. If Sonic and Silo are assigning that much value to this action, I assume the engineers in the Hyperliquid ecosystem are thinking the same way.
7. Degen on Hyperswap
Now that you’re passively earning points by staking your HYPE, it’s time to get active and swap tokens on https://app.hyperswap.exchange.
Hyperswap is similar to Jupiter on Solana, so it’s reasonable to think they’ll have a decent-sized airdrop.
You can earn points in three ways on Hyperswap:
Swapping (duh!)
Providing liquidity
Staking HYPE
There are more and more tokens launching on HyperEVM all the time, and you can trade them all on Hyperswap.
For example, you can swap “Buddy” and earn points for every swap.
Go on Hyperswap daily and swap a small amount for a memecoin, and then swap out the next day or after whatever time frame you want.
Keep an eye on fees so they don’t destroy your profits.
Swap into less volatile coins like stHYPE, WHYPE, or LHYPE to protect against losing to fees.
You can also stake your HYPE or create a concentrated liquidity position.
I don't know how many points each action gets you, so I suggest trying all three.
Please use my referral when you swap on HyperSwap.
You can apply the same exact strategy as above on Kittenswap or Sunder Finance.
Their points program is also live, but it seems that Hyperswap is the Jupiter exchange of Hyperliquid, and the other two are trying to play catch-up.
8. Trade NFTs on Drip Trade
Yes, we know.
You’re here for the “art,” not the “tech,” so head over to Drip. Trade next to start trading NFTs.
Drip.Trade is similar to Blur in that it caters to professional (degen?) traders.
They will also have an airdrop, but their rewards tab isn’t live yet, so I have no clue how much you’ll get for each trade.
The most popular NFT project on HyperEVM is Wealthy Hypio Babies, currently worth about 145 HYPE.
You can earn points on your Hypio Babies as well but the project you’ll want to pay attention to is Hypers, which is the official NFT project of Drip.Trade.
Wealthy Hypio Babies get whitelist access and token airdrops, and Hypers will likely have similar perks soon.
Remember Tensorians for Tensor on Solana?
Hypers could play out in a similar way where Drip.trade gives you points multipliers for holding their flagship NFT.
Actions:
Buy Hypers
Buy Wealthy Hypio Babies
Trade Regularly
Other Apps to Watch
You can do much more stuff, probably more advanced than what I’ve outlined in this newsletter.
However, I wanted to give you the simplest and easiest path to rack up points for the airdrop.
After clicking around the ecosystem for hours myself, this is the best route I found.
Two other apps to keep an eye on:
LoopedHYPE, which provides 10% APY, but it’s currently on the waitlist.
Felix is a stablecoin where you can borrow against blue-chip collateral and earn native yield.
It is currently on test net but will also have a points program.
If you have any questions, feel free to DM me on X, and I’ll help any way I can.