Hyperliquid Airdrop Tutorial 2.0: How to Earn Money by Participating in High-Potential Early-Stage Projects
Author: Hixon
Compiled by: Xiaobai Navigation coderworld
They say Faze Banks are always first. Wrong, Blocmates are (usually) first.
In fact, to be honest, we were the earliest pioneers when it came to Hyperliquid.
Some of you mined with us, some didn’t, but that’s OK. Maybe the second big chance is just around the corner.
The current state of the market is such that if you weren’t born on a trading floor, or aren’t one of those “magicians” who can always perfectly trade long or short on platform X, then you are most likely losing money (as am I).
Don’t worry, those who make it through will eventually prosper. My plan is simple: during the market downturn, I will focus on the Hyper EVM ecosystem and try to get a chance at the third quarter HYPE airdrop.
In addition, all the protocols mentioned in the article will airdrop their native tokens, which is a win-win strategy.
Please remember that there are still 38.8% of HYPE reserved for future distributions and rewards:
Before we dive in, it’s important to note that these protocols are in their early stages. Don’t invest more money than you are willing to lose.
At the same time, I will only mention the most important protocols that have broad support from the Hyperliquid core community.
The current state of Hyper EVM
As of the time of writing, only about 1.6% of the total circulating supply of HYPE is deployed on the Hyper EVM. This means that from now on, you can consider yourself an early participant, just like starting mining in the first month or two of the first season.
source:HypeBurn
Note, however, that this has doubled in the past week. Interest is growing, and once a third season is announced (only speculation at this point, but a high probability), inflows will surge.
Looking at the top seven applications on DefiLlama, we can clearly see the current protocol leaders. We will focus on these protocols and many more projects.
source:DefiLlama
How to transfer HYPE to Hyper EVM
The easiest way to do this is to bridge USDC to Arbitrum and then deposit it into Hyperliquid. Next, buy HYPE through the "Spot" function (you can find the "Spot" option in the token search bar). Once you have HYPE, just click the "Transfer to EVM" button to bridge it to the Hyper EVM.
You can also use HyBridge directly for bridging.
Now that we are ready, let's get into the specific application.
KittenSwap
Start with decentralized exchanges (DEX).KittenSwap Currently the main 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 yourFavorite liquidity poolThe pool with less total liquidity (TVL), the more points you get. For example, I chose the HYPE/PURR pool because I found that the price trend of PURR is similar to HYPE, which means I won’t suffer too much impermanent loss.
If you want to get 1.28 times the points bonus, you can Buy a MechaCat on Drip.Trade. In addition, MechaCat NFTs themselves will receive 3% of the total airdrop.
In keeping with the spirit of Hyperliquid, Points Miners will receive 30% of the total supply and will be considered the earliest participants.
Join KittenSwap:Click here
HyperSwap
HyperSwapCurrently the second largest DEX on Hyper EVM.
Lower TVL means less competition, which may provide good opportunities for users with less capital. Similar to KittenSwap, just choose the liquidity pool you like and start mining. Points are distributed every Sunday.
HypurrFi
HypurrFi A place where you can increase your HYPE by depositing and borrowing USDXL stablecoins. Keep an eye on your health factor and liquidation level, which can be seen on the home page.
You can then 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 leverage opportunity for those who want to increase their HYPE staking income or use LHYPE in DEX pools. Again, this way you can earn more points and increase Hyper EVM activity. That's the strategy.
Stake your HYPE
You can choose to stake your HYPE on the official Hyperliquid staking page, or use the following LST (Liquidity Staking Token) providers:
All of these will add to your points if a third season becomes a reality.
Drip Trade
Drip Trade It is the main NFT hub for Hyper EVM and has attracted a lot of activity.
Hypers is the official series of the Drip Trade project and it may receive token allocation when the DRIP token is released.
I personally also bought some Hypios (these Hypio mining points are a leading series and have obtained many whitelists),MechaCats and Tiny Hyper Cats.
HyperLend
HyperLend Aave is positioned as Hyperliquid and has seen significant adoption.
For this project, you may need to wait for the limit to increase, as many users are already earning points here.
Hyper Unit
Hyper Unit supports depositing native BTC and ETH into the Hyper EVM. Over 1,000 ETH have already been deposited, and I believe this number will increase rapidly by the time this article is published.
Just use itsDeposit PageThe official Hyperliquid account actively promotes the 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 the unified liquidity layer for Hyper EVM.
Currently, they offer hypeETH and hypeBTC vaults. These vaults will automatically deploy your tokens to all key protocols within and outside of Hyperliquid.
These vaults not only earn you points, but also increase your Hyper EVM activity. To get hypeETH on HyperEVM, please refer toguide.
Felix Protocol
Felix provides key infrastructure that is still missing and needs to be improved in the Hyper EVM ecosystem: Stablecoin.
Once Felix is fully launched, you can deposit HYPE and mint feUSD. Again, you can use feUSD in various liquidity pools, double points and EVM activity.
In addition, you can also participate in the HYPE stable pool and obtain HYPE rewards through Felix’s liquidation.
Noteworthy projects
You can play in the ten protocols above on a weekly basis, swapping, providing liquidity, lending, and recycling… but there are many more projects to explore if you want to really dig into this airdrop.
Here are some projects worth watching. Important note: Some of these projects are even older and less well-known than the first ten. Please be aware of the risks.
Summarize
Even though the market is very depressed right now, opportunities like this are hard to ignore. I personally would keep some funds and stay active on HyperEVM every week while looking for new projects.
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