An opportunity that could make you a million, HyperEVM ecosystem interaction strategy!

Recently, those who follow on-chain transactions should have seen two terms frequently appearing: one is "James", and the other is "Hyperliquid". James is a big player, as his single position is huge, attracting continuous attention from netizens, and the platform he trades on, Hyperliquid, has also gained a wave of traffic. Hyperliquid is a decentralized perpetual contract platform that became popular even when it issued its token. At that time, their platform token $HYPE skyrocketed from a price of three to four dollars all the way up to thirty dollars, nearly a tenfold increase, allowing many people to make a fortune. Such a popular project, you may not know that it also has a quietly developed self-researched Layer 1 public chain - HyperEVM. And it is this chain that may hold a million-dollar airdrop opportunity. Today, the junior sister will take everyone to explore.

1. Introduction to HyperEVM What is HyperEVM? In simple terms, HyperEVM is a system that can run Ethereum smart contracts (we call it EVM), which is built on a brand new high-speed blockchain called Hyperliquid. Hyperliquid itself is specifically designed for "on-chain finance," meaning it is born for trading, rather than being able to do everything like Ethereum but lacking in speed. What is special about HyperEVM? Traditional EVM systems generally operate independently (such as Ethereum, BSC, Polygon, etc.), whereas HyperEVM is directly integrated into the underlying system of Hyperliquid. It uses the same consensus mechanism as Hyperliquid (called HyperBFT) and shares the same state, which allows it to directly interface with Hyperliquid's core functionalities, such as the on-chain order book (used for placing orders and trading), etc. This way, transactions on HyperEVM are not only more efficient but also more secure. For example, the DeFi application you deployed on HyperEVM can directly use Hyperliquid's order book to match trades, which is much more efficient than the "building block" approach of other public chains. What advantages does it have compared to other public chains? Ethereum: It has comprehensive functionality but is slow, with high transaction fees, making it unsuitable for high-frequency trading. Solana: It is also very fast, with a broad ecosystem, but the scenarios are quite mixed (including games, NFTs, social, etc.). HyperEVM: Focused on trading and finance, it is fast and powerful, suitable for those who want to engage in DeFi and high-frequency trading. The release of HyperEVM marks a key step for Hyperliquid in officially moving towards a "full on-chain financial system." It truly integrates the smart contract functionality on Ethereum into the high-speed engine of Hyperliquid. Moreover, users can also use the native token $HYPE as the gas fee for transactions, which also provides some support for the price of $HYPE. Mystery Points Program Hyperliquild has a mysterious points program before the TGE, where 31% of HYPE is airdropped to early users, and many directly received airdrops worth millions of dollars. Currently, nearly 39% of the tokens (over 5 billion USD) are reserved for community rewards, and these tokens may be used to reward early users of the HyperEVM ecosystem. In short, if you are interested in DeFi or on-chain trading, HyperEVM is a new platform worth following. Next, we will talk about how to actually participate and strive for potential airdrop opportunities in the future.
2. HyperEVM Interaction Considering the characteristic of HyperEVM ecosystem being transaction-oriented, our operational strategy is to combine DeFi and interaction, which means that even if no airdrop is received in the future, there will be no loss, and one can still earn returns through DeFi, with relatively low risk. 2.1 Cross-chain assets HyperEVM is an independent L1 public chain. To participate in its ecosystem interactions, we first need to transfer assets from other public chains to HyperEVM through cross-chain bridges. Below are commonly used cross-chain bridges. (@0xHyperBeat) (@hyperlendx) (@HypurrFi) (@felixprotocol) Among them, HyperSwapX and HyBridgeHL both support multi-chain asset crossover, while Hyperunit only supports four tokens: BTC, ETH, SOL, and Fartcoin. The assets transferred from cross-chain should retain appropriate during subsequent operations. $HYPE As GAS. 2.2 Neutral Hedging

The interactions we will conduct later will use $HYPE. In order to prevent losses from price fluctuations, we need to perform proper neutral hedging. In short, shorting on Hyperliquid requires us to ensure that the amount of $HYPE we short is consistent with the amounts of $HYPE for saving, staking, and borrowing below.

The current shorting yield is approximately 22.88%, the funding rate is usually positive, and sometimes the APY can even reach as high as 30% or even 50%. 2.3 Deposit & Staking

Open Hyperliquid and deposit a certain amount of USDC stablecoin into the vault. The vault of Hyperliquid has market-making and liquidation functions, which play a crucial role in ensuring the trading depth and system stability of Hyperliquid. At the same time, as market-making and clearing participants, users who deposit funds in the vault will also receive a share of the platform's trading fees, so Little Sister will prioritize this as part of the HyperEVM ecosystem interaction.

Currently, the APR of the vault is 14%, but during the deposit window, the official will indicate that the vault does not guarantee returns, and there may be situations where losses occur. Additionally, there will be a 4-day lock-up period, so we will only put a portion of our assets into the vault.

The other part of the money can be staked on the node. HyperEVM is a Layer 1 public blockchain. The staking of governance tokens ensures the normal operation of the network and is an indispensable part of maintaining the security of the public chain. Therefore, we choose to stake a portion of the tokens with validators. Here, the junior sister chooses to stake Hype tokens with the "Nansen x HypurrCollective" validator. Nansen is a well-known blockchain data platform, and Hypurr is a lending platform for HyperEVM. Neither of these projects has issued tokens, and you can still earn a 2.25% yield. 2.4 Lending & Staking & Stablecoins Deposit $HYPE into the lending & stablecoin protocol below to earn certain returns and staking certificate token $stHYPE, and complete the circular lending operation through repeated staking to amplify returns. (@0xHyperBeat) (@hyperlendx) (@HypurrFi) (@felixprotocol) The specific operations are as follows: We can deposit $HYPE into Hyperbeat to earn $stHYPE, with an apy of 2.1%.

Next, deposit $stHYPE into Hyperlend with an APY of 2.09%, and then borrow 60% of $HYPE from Hyperlend with an APY of -0.79%.

Deposit the acquired $HYPE into another lending platform, Hypurr, with an APY of 0.67%.

Then use the deposited $HYPE as collateral to borrow 60% of the $HYPE. Deposit into the stablecoin protocol Felix.

The current APY for depositing $HYPE to mint stablecoins is 14.78%. 2.5 Optional: Domain & NFT

Hlnames is a domain project of the HyperEVM ecosystem, where you can buy a domain to interact. The current domain price is 1 $HYPE, approximately 36 dollars.

Drip is a high-frequency NFT trading platform in the HyperEVM ecosystem, and thanks to the ultra-high performance of HyperEVM, Drip's NFT trading is quite fast and silky. We can find the cheapest NFTs to buy by starting from the floor price, from low to high. The above is an introduction to the interaction steps of the HyperEVM ecosystem. More high-quality projects will continue to be updated. Welcome to follow @biteye_sister. The above content is transferred from @biteye_sister