Charlie Garcia
Hyperliquid introduces a performant L1 optimized platform designed for a fully onchain open financial system. It aims to enable user-built applications that interact with efficient native components while prioritizing a seamless end-user experience. The Hyperliquid DEX, a fully onchain order book perpetuals exchange, stands as the flagship native application. The platform also incorporates features like a native token standard, spot trading, and permissionless liquidity.
The custom-built Hyperliquid L1 is centered around a high-performance derivatives exchange as the main native component. A new season of points was launched on May 29th for users of the L1 after successfully implementing native spot tokens standards HIP-1 and HIP-2.
A weekly distribution of 700,000 points will take place over four months. The first snapshot covers May 29 to June 4, with updated criteria for points distribution. Points will be awarded based on weekly activity ending at 00:00 UTC on Wednesdays and distributed on Fridays. There is a 1:5 affiliate points matching system, and affiliates must reapply. An additional 2,000,000 points per week will be distributed for activity from May 1-28 as a bonus multiplier to incentivize organic usage.
- Access Hyperliquid and connect your wallet.
- Transfer some USDC to Arbitrum and then make a deposit.
- Engage in spot asset trading to start earning points for the L1 season.
- Visit the Trade section, select an instrument, and click on Spot to view tradable assets.
- Higher trading volumes on spot assets may result in more earned points.
- There is a suggestion that trading and holding the PURR memecoin (a test launch for Hyperliquid’s L1) could lead to additional points.
- The exact method for earning points is not yet publicly disclosed. Consider providing liquidity to the HLP, generating a referral code to invite friends, and launching your spot assets for maximum qualifications.
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