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What is HyperAMM?

HyperAMM is an oracle-based, purpose-built Zero IL Hyper Concentrated AMM on HyperEVM.

The Problem​

Traditional AMMs (Uniswap, etc.) use x*y=k to price trades. LPs get crushed:

  • Impermanent loss — Price moves extract value from LPs, often exceeding fees earned
  • Active management — Concentrated liquidity (Uni V3) needs constant rebalancing to stay profitable
  • Poor capital efficiency — Liquidity spread thin across price ranges nobody trades at

What's Different​

Traditional AMMHyperAMM
x*y=k pricing curveOracle-based pricing (HyperCore)
Impermanent lossZero IL via instant delta hedging
Two-sided depositsSingle-sided deposits
Manual rebalancingFully automated
Price risk for LPsLPs earn fees without directional exposure

Oracle-Based Pricing​

No bonding curve. Swaps are priced using HyperCore price oracles. Prices reflect the actual market, not pool imbalances.

Instant Delta Hedging​

Every swap is hedged in the same transaction via HyperCore perps. User buys ETH from the pool → protocol opens a matching position on Core to neutralize the exposure. Only possible on Hyperliquid thanks to deep perp liquidity and native EVM ↔ Core integration.

Single-Sided Deposits​

Deposit one token. Pick your exposure:

  • NEUTRAL pools — Stablecoin exposure (delta-neutral). Earn trading fees + funding
  • BULL pools — Token exposure (delta-1). Stay long while earning trading fees

Set and Forget​

Keepers handle rebalancing, hedging, and position management automatically. Deposit and earn.

Why Hyperliquid​

This only works on Hyperliquid:

  • Deep perp liquidity — Hedging costs stay low, compensated by trading fees
  • EVM ↔ Core integration — Cross-system operations via CoreWriter