Imagine waking up to discover a DeFi project has distributed over a billion dollars’ worth of tokens directly to its community, bypassing traditional venture capitalists and centralized exchanges. This isn’t a dream; it’s the reality of Hyperliquid Airdrop on November 29, 2024. Distributing 31% of its HYPE token supply to nearly 100,000 users.
Hyperliquid redefined community rewards. And the excitement doesn’t stop there, a second airdrop has been teased, signaling a long-term commitment to its users.
This article delves into the details of this groundbreaking event, explores its implications for the DeFi space, and provides insights into how you can participate in Hyperliquid’s ongoing revolution.
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How to be eligible for Hyperliquid airdrop 2 ?
Hyperliquid has already made waves with its generous token distributions, and with future airdrops on the horizon, understanding how to position yourself is crucial. Primarily, eligibility revolves around active platform participation and strategic token management. To increase your chances, focus on these key areas:
- Consistent Trading Activity: Engaging in both spot and perpetual futures trading, and maintaining a consistent volume, demonstrates active platform usage.
- HYPE Token Staking: Staking HYPE tokens not only earns you rewards but also signals your commitment to the Hyperliquid ecosystem.
- Liquidity Provision: Contributing liquidity through the Hyperliquidity Provider (HLP) vaults is another way to actively participate.
- HyperEVM Interaction: As Hyperliquid develops its HyperEVM ecosystem, interacting with its applications and network will likely increase airdrop eligibility.
How to Trade on Hyperliquid ?
Connect & Save:
- Begin by visiting Hyperliquid and connecting your wallet : https://app.hyperliquid.xyz/join/HYPERMAXIO
Fund Your Account:
- Bridge USDC from any preferred chain to Arbitrum using Rhino.fi, then deposit it into your Hyperliquid account.
Explore Spot Trading:
- Navigate to “Trade,” select “Spot,” and choose from various trading pairs.
- Stay updated on new token launches and spot trading opportunities via the Hypurr Fun Telegram bot.
- Consider holding “Strict list” spot tokens (like HYPE, PURR, HFUN, CATBAL) for potential future airdrops from ecosystem projects.
Engage in Perpetual Futures:
- In the “Trade” section, select “All Coins” and choose your preferred perpetual futures trading pairs.
Staking Hype Tokens
Stake HYPE for Airdrop 2 & Rewards:
- Acquire HYPE tokens on the spot market.
- Transfer HYPE to your staking balance in the “Staking” section.
- Select a validator (HypurrCollective is popular for potential Nansen points and ecosystem airdrops).
- Stake your HYPE.
Understanding Staking Rewards:
- Validators propose blocks based on their staked HYPE.
- Staked tokens and rewards can be locked.
- Choose validators based on uptime, commission, and reputation.
- Rewards include HYPE tokens, USDC from platform fees, ecosystem airdrops, and potential project allocations.
Passive Income & Referrals
Provide Liquidity (HLP):
- Go to “Vaults” and select “Hyperliquidity Provider.”
- Deposit USDC (note the 4-day lock period).
Maximize Rewards via Referrals:
- Generate a referral code in the “Referrals” section.
- Share your code to earn USDC rewards.
Engage with HyperEVM
Getting started on HyperEVM
Before doing anything on Hyperliquid’s EVM, you’ll need some $HYPE.
Start directly on hyperliquid website
Here are your options to get started:
→ Deposit USDC and buy $HYPE directly on the Spot market
→ Bridge ETH from the mainnet using Stargate : https://stargate.finance/bridge
→ Use Unit to deposit ETH, BTC, or SOL
That brings us to the very first project in the ecosystem, and not just any project, we’re talking about
@hyperunit which, in my opinion, is currently the best project on Hyper-EVM. Unit is the gateway that connects Bitcoin, Ethereum, and Solana to the Hyperliquid universe. In my opinion, the best way to get exposure to Unit Protocol is by bridging the assets supported by Unit, using them actively across DeFi — whether through liquidity pools, lending/borrowing, or by trading those assets on the spot market
HyperLend
The easiest way to get started?
@hyperlendx It’s a user-friendly fork of Aave, built on Hyperliquid’s EVM.
https://app.hyperlend.finance/?ref=HYPERMAXIO
As you probably guessed, it lets you supply liquidity and borrow against your collateral. Here’s what you can currently lend: → $HYPE, $uETH, $uBBTC, $USDE, and $USDTO But heads up: At the moment, only $HYPE and $USDE can be used as collateral — the others have already hit their cap. (Good ol’ max capacity… classic degen problems.) Each week, your points update based on how much you’ve supplied. Simple math: more size = more points.
Bonus: Lending on Hyperlend is one of the easiest ways to interact with HyperEVM — and it could quietly boost your eligibility for future $HYPE point seasons. Easy points, easy life.
HyperSwap
Let’s talk about @HyperSwapX
One of the main ways to earn points here is by providing liquidity.
You’ll find several LP pairs to choose from — and as usual, the less liquid pools (often featuring meme coins) tend to offer higher rewards.
But there’s a catch: you’ll need to actively monitor your position to stay within range and maximize your yield.
High risk, high reward. You can also rack up points by swapping tokens — just be mindful of slippage, which can be pretty aggressive on some pairs.
Personally, I’ve spread my exposure across four different pools to diversify risk and keep the point flow steady.
Not into LPs or wild swaps? There’s a chill path too.
Head to the “Points” tab on Hyperswap and check out the list of quests.
Some are as easy as holding specific tokens, others involve light interaction with ecosystem tools.
It’s the lazy (or smart) way to farm
My take: If you want a low-effort way to stay in the game and rack up Hyperswap points, this is the move.
Clean, simple, and effective.
https://app.hyperswap.exchange/#/swap?referral=hypermaxio
Felix Protocol
@felixprotocol is a HyperEVM-native fork of Liquity and currently the largest lending platform in the ecosystem — with over $190M TVL locked in.
That makes it one of the top third-party dApps on Hyperliquid.
Now here’s the catch:
To use it, you’ll need at least $3K worth of $HYPE, since the minimum borrow amount is 2,000 feUSD.
So yeah — not ideal for small wallets.
But if you’ve got size, this is a potential airdrop printer.
Even if you’re not ultra-early, interacting with it for a few weeks or months is probably a smart move just to tag your wallet and get in the rotation.
What to do: Deposit your $HYPE
HyperBeat
If you want to track all your positions across the HyperEVM ecosystem in one place — this is a must-have.
HyperBeat offers an excellent dashboard that aggregates your entire DeFi activity.
They’ve also launched several vaults, allowing you to deploy capital in a more automated and efficient way.
https://app.hyperbeat.org/vaults?referral=C704C9F5
Still early, but definitely worth keeping an eye on.
Highly recommend giving it a look — especially if you’re juggling multiple strategies.
Honorable Mentions
Two extra ways to stay active and potentially farm hidden rewards:
1) Staking $HYPE directly on Hyperliquid
If you’re holding, you might as well earn yield. Simple, effective, and very likely to be rewarded. You can also earn some
@nansen_ai points if you choose Nansen x Hypuurr Collective for staking
2) Trading — especially on Spot
Yes, perps are sexy, but spot markets are often overlooked. Personally, I focus more on spot trading because: – There’s less competition and volume – It could be a key criteria for the next $HYPE airdrop – Many spot assets come via
@hyperunit, which could also make this relevant for a future $UNIT airdrop So if you’re trading, don’t ignore spot — there may be a hidden season running under the radar, just like we’ve seen before.
🚀 Join Hyperliquid Now