Hyperliquid Airdrop Guide 2.0: Profit Strategies for Participating in High-Potential Early Projects

Author: Hixon

Compiled by: Shenchao 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 among the earliest pioneers.

Some people participated in mining with us, while others 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 the trading hall, or if you are not one of those "magicians" who can always perfectly go long or short on a certain X platform, then you are likely experiencing losses (so am I).

Don't worry, those who make it through will eventually prosper. My plan is simple: during market downturns, I will focus on the Hyper EVM ecosystem and try to seize the opportunity for the Q3 HYPE airdrop.

In addition, all the protocols mentioned in the text will airdrop their native tokens, which is a win-win strategy.

Please remember that 38.8% of HYPE is still reserved for future distribution and rewards:

Before diving deeper, it is 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 those most important protocols that have received broad support from the Hyperliquid core community.

The current status of Hyper EVM

As of the time of writing this article, only about 1.6% of the total circulation 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 one.

Source: HypeBurn

However, please note that this ratio has doubled in the past week. Attention is increasing, and once the third quarter is announced (currently just speculation, but the likelihood is high), capital inflow 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 as well as many other projects.

Source: DefiLlama

How to transfer HYPE to Hyper EVM

The simplest way in the first step is to bridge USDC to Arbitrum and then deposit it into Hyperliquid. Next, use the "spot" feature to purchase HYPE (you can find the "spot" option in the token search bar). Once you hold HYPE, just click the "Transfer to EVM" button to bridge it to Hyper EVM.

You can also directly use HyBridge for bridging.

Now that we are ready, let's dive into the specific applications.

KittenSwap

Starting with decentralized exchanges (DEX). KittenSwap is 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 a liquidity pool that you like. 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 the price trend of PURR is similar to that of HYPE, which means I won’t suffer too much impermanent loss.

If you want to earn a 1.28x points bonus, you can purchase a MechaCat on Drip.Trade. Additionally, MechaCat NFTs will receive 3% of the total airdrop.

In the spirit of Hyperliquid, the points miners will receive 30% of the total supply and will be regarded as the earliest 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 USDXL stablecoins. Pay attention to your health factor and liquidation level, which can be viewed on the homepage.

Then, you can use USDXL in the above KittenSwap or HyperSwap liquidity pools. In this way, you will earn double points and increase your Hyper EVM activity.

Looped Hype

This is another leverage opportunity suitable for those who want to increase HYPE staking rewards or use LHYPE in the DEX pool. Similarly, through this method, you can earn more points and enhance Hyper EVM activity. This is the strategy.

Stake 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 the third quarter becomes a reality, all of this will increase your points.

Drip Trade

Drip Trade is the main NFT hub of Hyper EVM and has attracted a large amount of activity.

Hypers is the official series of the Drip Trade project, and it may receive token allocations when the DRIP token is released.

I personally also bought some Hypios (these Hypio mining credits are a leading series that have gained many whitelist approvals), 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 quota to increase, as many users have already earned points here.

Hyper Unit

Hyper Unit supports the deposit of 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 platform X, so I think the point bonus is worth it.

Mizu Labs

This project is very interesting. Mizu Labs aims to become the unified liquidity layer of Hyper EVM.

Currently, they offer hypeETH and hypeBTC vaults. These vaults will automatically deploy your tokens to all key protocols inside and outside of Hyperliquid.

These vaults can not only earn you points but also increase your Hyper EVM activity. To obtain 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, double rewards, and EVM activity.

In addition, you can also participate in the HYPE stable pool and earn HYPE rewards through Felix's liquidation.

Projects worth paying attention to

You can play, swap, provide liquidity, lend, and cycle in the above ten protocols every week... But if you really want to 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 well-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

Summary

Despite the current market being very sluggish, opportunities like this are hard to ignore. Personally, I will keep some funds and stay active on HyperEVM every week while looking for new projects.