HyperAMM offers fully hedged, zero impermanent loss (IL) liquidity pools for smart traders and LPs.

You can deposit blue chip tokens as liquidity and earn trading fees without price movement risks.

Remarks

• No IL, No LVR loss
• Single sided exposure either stable (delta neutral) or blue chip (delta 1).
• No manual managements required like V3 pools, keep it simple and passive.
• Trades are automatically hedged through CoreWriter
• Only Possible on Hyperliquid

Basic Concept

Deposited liquidity will be maintained to be 2/3 in EVM and the rest 1/3 in Core, and the smart contract hedges all trades that occur instantly through CoreWriter. Hyperliquid has deep liquidity on its perpetual market, so hedge cost is cheap enough to be compensated by trading fees on HyperAMM.

This is only possible on Hyperliquid, with it’s deep perpetual liquidity and the EVM integration.

Swap/Liquidity Operation Flow

• User A deposits USDC to the HyperAMM pool, and receives LP token.
• Protocol moves 1/3 of the deposit to HyperCore for the hedge operation.
• User B sells BTC to the HyperAMM pool via Swap, and the User B receives USDC. Protocol then short equal amount of BTC through CoreWriter.
• User A’s LP token ratio stays 1:1 with the deposited USDC, and accumulate trading fees.

Pool Types

HyperAMM has 2 types of LP pools, NEUTRAL and BULL.

NEUTRAL pools have exposure in stablecoins like USDC, USDT0, USDe and manage 24/7 to keep their delta neutral states.