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Frequently Asked Questions

General​

What is HyperAMM?​

HyperAMM is an oracle-based AMM on Hyperliquid that provides zero impermanent loss for liquidity providers through atomic delta hedging. See What is HyperAMM? for a full overview.

How is this different from Uniswap?​

Traditional AMMs like Uniswap use a constant product formula (x*y=k) where LPs suffer impermanent loss. HyperAMM uses oracle pricing and hedges every trade on HyperCore's perpetual market, eliminating IL.

Is HyperAMM audited?​

Audits are in progress. See Security Audits for the latest status and links to published reports.

Providing Liquidity​

Do I need to deposit both tokens in a pair?​

No. HyperAMM uses single-sided deposits. You deposit one token and the protocol handles the rest.

What's the difference between NEUTRAL and BULL pools?​

  • NEUTRAL: Stablecoin exposure — your position value stays flat in USD terms. Earns trading fees + potentially funding fees.
  • BULL: Token exposure — your position moves 1:1 with the token price. Earns trading fees.

See Pool Types for a detailed comparison.

Why is there a 3-day withdrawal delay?​

The delay allows the protocol to safely unwind hedge positions on HyperCore and bridge assets back to EVM. This protects remaining LPs from being affected by rapid withdrawals. See Withdrawal Queue.

Can I withdraw instantly?​

If the pool has sufficient EVM-side liquidity, instant withdrawal may be available for a small fee.

Staking​

What is sHYPE?​

sHYPE is a liquid staking token. When you stake HYPE, you receive sHYPE that accrues validator rewards automatically. See sHYPE Overview.

How long does unstaking take?​

Unstaking goes through a FIFO queue. Processing time depends on validator undelegation periods and queue depth.

Fees​

How are swap fees calculated?​

Fees are dynamic and consist of three fee components (base, imbalance, market impact) plus a premium price adjustment. See Dynamic Fees.

What fees do LPs pay?​

LPs don't pay ongoing fees. They earn fees from trading activity. The only cost is the withdrawal fee (if using instant withdrawal) and inherent costs like funding rates.