Hyperliquid Airdrop: FULL GUIDE on Getting THE MOST Out of the Testnet (25+ Ecosystem Projects)

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Unlocking 27 Airdrop Opportunities in Hyper EVM Ecosystem Join Ron and Martin from Alphadrop as they explore the Hyper EVM ecosystem, discussing key protocols, bridging methods, and optimal farming st...

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Here is a summary of the video about the Hyper EVM ecosystem airdrop opportunities:

Hyper EVM is the smart contract layer for the Hyper Liquid ecosystem, and it hosts over 25 decentralized applications. While you might be familiar with the main Hyper Liquid airdrops, there are many more opportunities here because a lot of these dApps already have point systems and incentive campaigns running, signaling confirmed future airdrops. Be aware that most of these applications are very new, so there's a risk of losing funds due to potential smart contract issues. Bridging assets into Hyper EVM was difficult initially with less common stablecoins like USDT Zero, which is why the ecosystem is believed to be quite under-farmed right now.

Here are the key topics and technical details discussed regarding farming opportunities in the Hyper EVM ecosystem:

* Getting Started & Wallets: You need an EVM-compatible wallet like Rabi wallet (which is personally preferred) or MetaMask to interact with Hyper EVM.
* Bridging Funds:
* Hybrid: One of the main ways to bridge assets from various EVM chains into Hyper EVM. Make sure to select "Hyper EVM" (not Hyper Core) as the destination if you want to interact with the dApps. You can even bridge from Solana.
* Hyper Liquid Bridge: Powered by LayerZero, this offers a potential two-in-one airdrop opportunity (LayerZero + Hyper Liquid). You can bridge from many EVM chains. The most popular asset bridged here is USDT Zero, which is a less common stablecoin but increasingly used by DeFi farmers for bridging.
* Garden Finance: If you hold BTC on chains like Ethereum, Base, Arbitrum, or Berachain, you can use Garden Finance to bridge it to Hyper EVM, where it becomes Unit Bitcoin (UBTC). This lets you leverage your BTC for yields within the ecosystem.
* Garden Finance - Beyond Bridging: You can also buy their SEED tokens on Hyper Swap or Hyper Liquid and stake them (preferably in multiples of 2,100 SEED on Arbitrum) for longer periods to earn Bitcoin rewards weekly. The risk here is locking your SEED tokens, but earning BTC rewards is seen as a good staking play because of confidence in BTC's future price.
* Domain Names (Hyper Liquid Name): Every chain has a domain name service. Hyper Liquid has Hyper Liquid Name. Registering a domain (cheaper for 5+ characters) is a low-effort way to establish a footprint. You can trade them on secondary markets like Drip Trade.
* Hyper Swap: This is a decentralized exchange (DEX) for swapping assets on Hyper EVM, positioned as a lightweight alternative. It offers low slippage and deep ecosystem integration. The core tasks are swapping tokens (especially meme coins to HYPE and back) and providing liquidity (LPing).
* Hyper Swap - Pools & Points: Hyper Swap has a confirmed point system, meaning an airdrop is coming. You can LP in incentivized pools (riskier due to impermanent loss, which is the temporary loss of funds when providing liquidity due to token price changes) or safer pools. Safer LP options include HYPE/LHY (Liquid Staked HYPE) or stablecoin pairs if available, but the safest identified are HYPE/LHY. You can also use the Hyper Swap bridge, but slippage is higher than the other bridges mentioned.
* Staked Hype: A liquid staking protocol for HYPE tokens. You stake HYPE and receive STHYPE, which you can then use in other DeFi protocols like DEXs or money markets to earn additional yields and protocol airdrops.
* Hyper Beat: An ecosystem fund and money market. You can lock tokens in vaults to earn supply APY (yield for lending). They recommend sticking to tokens with confirmed APYs like Hyper Beat USDT (high APY), Hyper Beat Ultra HYPE, and Ultra UBTC (if you bridged BTC via Garden Finance). You can also borrow against supplied assets to do looping strategies on other DEXs, but this requires careful monitoring to avoid liquidation. It also offers another way to stake HYPE to get STHYPE.
* Hyper Lend: The main borrowing and lending protocol on Hyper EVM, supporting core assets like HYPE, STHYPE, LHYPE, and USDXL. You can supply assets for yield (APYs are currently lower here compared to Hyper Beat, but it's the primary protocol). Borrowing USDT Zero is currently expensive due to high demand. Hyper Lend has a confirmed point system for an airdrop.
* Hyper Five: A leverage lending platform that issues the native stablecoin USDXL. You can collateralize HYPE or STHYPE to borrow USDXL while still earning interest on your collateral. The interface is similar to Hyper Lend and Hyper Beat. You can also lock USDXL in vaults for APY. There are many potential strategies here.
* Looped Hype: A rebasing token representing LHYPE, designed to earn increased yield without needing to track or pay gas fees constantly. It's a partner protocol with another dApp. Because it involves looping strategies, you need to continuously monitor your position for liquidation risk.
* Felix Protocol: The native stablecoin protocol on Hyper EVM where you can mint FEUSD by collateralizing HYPE. It offers dual earning opportunities through liquidation rewards and liquidity provision. The interface is similar to other lending/borrowing protocols. You can lend stablecoins (USDE or USDT Zero) and potentially borrow to stack yields. Felix Protocol has a confirmed point system for an airdrop.
* Keiko Finance: A permissionless borrowing protocol with dynamic interest rates. You can deposit assets in vaults or use the Stability Pool to deposit their native token (K) for points boosts. Redeeming K allows you to withdraw your position.
* Genesee: A GameFi/DeFi experience focused on strategy. It's described somewhat like a gamefied "ponzi scheme" where the goal for the project is for users to buy shields with Genesee tokens, increasing token value with more players. They personally only invested a small amount ($1) just to get a footprint in the protocol, not to optimize for returns, but find it potentially fun for others. It's a way to increase transaction count.
* Hyperfly: A DEX aggregator with an AI-powered trading assistant. Access is limited; you need to hold one FLY token (available on Hyper Liquid or Hyper Swap). The unique feature is interacting with a chatbot AI to execute trades, similar to the Hey Elsa AI agent airdrop previously farmed.
* Time Swap: A fixed-rate lending protocol. You lend out assets in specific LP pairs (not single assets) via their markets.
* Hyper Unit: A decentralized asset tokenization protocol built on Hyper Liquid. It offers vaults where you can interact with tokenized versions of assets like BTC, ETH, and SOL.
* Hyper Pie XYZ: Focuses on optimized trading and yield strategies. You can stake HYPE to get MHYPE (another liquid staked HYPE token) for DeFi routes. They have a "Drops" feature, which is their point system, confirming an airdrop. Depositing more HYPE earns more drops hourly. They also list DeFi strategies which are proxies for interacting with other protocols like Hyper Five, Hyper Swap, Keiko, and Kitten Swap.
* Hyper Stable: An overcollateralized, decentralized stablecoin (USH) designed to trade at $1. You mint USH with wrapped HYPE (WHYPE), which reminds them of the Zarros protocol. There are LP pools (primarily stablecoins, plus USH/WHYPE). You can lock tokens for voting power and rewards. It has a referral system, confirming an airdrop.
* Volantis Labs: A modular protocol for deploying DEXs with deep liquidity. The core task is depositing assets into their STHYPE AMM (the STHYPE is from Staked Hype). Providing liquidity earns yield on HYPE and participates in their confirmed points program for an airdrop.
* Upshift: A yield aggregator and strategy platform with automated vaults. You can deposit assets like USR, WHYPE, RSE, and USDC for APY. It has a point system, confirming an airdrop.
* Sentiment: A leverage DeFi lending protocol. You can deposit HYPE, USDE, or USDT Zero and use leveraging strategies, similar to what you might see in the Mantle ecosystem.
* Solve Protocol: Integrated into Hyper EVM, focused on BTC. You need to hold SOLVE tokens for multiplier bonuses. You can use SOLVE in DeFi, including LPing on various DEXs or using Liquid Staked SOLVE BTC (LST) on different platforms. This is part of SOLVE Protocol's Season 2 airdrop.
* Kitten Swap: Another DEX using a "3,3" model (like Velodrome/Solidly), supporting both stable and volatile pairs. It offers fee sharing, a governance mechanism, and a confirmed points program for an airdrop. You can swap tokens, stake HYPE for LHYPE, or LP in pools. Safer LP options include HYPE/LHYPE, HYPE/MHYPE, HYPE/WSTHYPE, or stablecoin pairs like USDE/USDT Zero. TVL is around $300,000 here. Kitten Swap also has an associated NFT collection.
* Laminar: A community-owned liquidity engine and multi-market router. It's quite limited but offers a swap feature and pools to explore. Safer LP options include WHYPE/LHYPE or WHYPE/WSTHYPE. TVL is decent.
* HANA Network: A mainnet project now integrated with Hyper EVM (they had a testnet previously). You log in with Google. There's a leaderboard, and an airdrop is confirmed. The main way to participate is depositing in their Hyper Liquid vault. They also have a collections section potentially teasing an NFT art collection across four "seasons," which is seen as a clever way to encourage long-term farming throughout the year. Track their dashboard for points.
* Mizzu Labs: An automation tool for mining that provides wrapped versions of ETH and BTC (HYPE ETH, HYPE BTC). It deploys deposited ETH, BTC, or USD across high-yield protocols. The interaction is simple: just deposit one of those three assets.
* Drip Trade: The main NFT marketplace on Hyper EVM and one of the most popular dApps, especially for those hunting NFT whitelists/mints. It lists various NFT collections.
* Drip Trade - Notable NFTs: The most expensive collection is Hypeyo (floor ~172 HYPE or ~3 ETH on OpenSea), which gives trading discounts on Hyper Liquid, making it highly desirable for whales. A cheaper alternative is the Mecca Cats Kitten Swap NFT (floor ~1.943 HYPE, ~$65-70), which makes it preferable to farm on Kitten Swap if you hold one. The Hypers on HL NFT (floor ~7.96 HYPE) is for focusing on the Hypers dApp. Holding NFTs is seen as potentially giving privileges or surprise airdrops and trading advantages.
* Optimal Airdrop Farming Strategy (Their Approach): Their strategy prioritizes time efficiency to cover multiple protocols daily. Their base case involves stacking: Deposit HYPE on Hyperlend, borrow USDXL (because it's cheap), and then add that USDXL to liquidity pools on KittenSwap and HyperSwap. This single flow allows them to earn points from multiple protocols simultaneously.
* Other Strategy Considerations: There are many ways to approach farming (volume-focused, etc.), and they emphasize finding what works for you. Consistent activity is key for the mainnet airdrop. Cross-chain bridging is encouraged due to being under-farmed, especially with the less common stablecoins used. Low-effort strategies include domain name registration and liquid staking. Gamified DeFi like Genesee is good for boosting transaction count.

Overall, the Hyper EVM ecosystem offers a wealth of confirmed and potential airdrops across numerous dApps, with various strategies available, from simple asset deposits and swaps to complex lending/borrowing loops and NFT plays. Bridging, especially with alternative stablecoins, is highlighted as a key area potentially less explored by others.

Transcript

Welcome back. My name is Ron. My name is Martin. Everything we're going to be talking about is the Hyper EVM ecosystem. We all know about the Hyper Liquid airdrop from season one and also the ongoing season two and season three, but there's actually more things to play in the Hyper Liquid ecosystem. Okay. So in case you don't know, Hyper EVM is their own smart contract layer in the Hyper Liquid ecosystem. And there are more than 25 dApps that are live right now on Hyper EVM. And a lot of them h...