Access to trading revenues has long been restricted to a small circle of insiders, leaving most of the market excluded from opportunities created by market-making and liquidations. Hyperwave changes this with hwHLP, a liquid token tied to the Hyperliquidity Provider vault that opens these revenues to everyone while keeping assets liquid across DeFi 🌐
To accelerate early adoption, Hyperwave introduced the Wave Points Program 🎯. Holding the vault-backed token generates Wave Points daily, which convert into allocations of the upcoming $HWAVE Airdrop. Referrals add a 5% boost through Hyperfren 🪂
Season 2 is live from August 29, 2025, to November 20, 2025, with 8% of $HWAVE allocated—7% to holders and 1% to referrals—tracked directly in the Hyperwave app 📊
About Hyperwave
Deposits in USDT0 or USDe are routed via Hypercore’s orderbook and allocated to the HLP vault, which accrues revenue from market-making, liquidations, and trading fees. The tokenized position remains liquid and usable across DeFi, turning exchange-level earnings into a transferable asset.
Composability is live from day one: the token integrates with a Curve Finance tri-pool (USDhl, USDXL) and can be used in lending, looping, and structured-yield strategies. Withdrawals follow a queued model and complete after a short delay (docs indicate typically within ~5 days on HyperEVM). Fees remain below market levels.
Hyperwave is incubated by Swell Labs and collaborates with Hypurrfi, Kittenswap, and Felix, while infrastructure partners USDT0, RedStone, Pyth, Goldsky, and LayerZero enable data, execution, and multi-chain support without wrapping—consistent with the project’s SuperApp vision.
