Hyperpetua

Hyperpetua turns the variable, hourly funding income earned on Hyperliquid into a fixed coupon for a set term — and lets traders take the other side. Fixed-for-floating funding-rate swaps, permissionless and native to HyperEVM.

If you run a delta-neutral / dnHYPE position, your yield comes from perpetual funding, which swings hour to hour and can go negative. Hyperpetua lets you lock that funding stream at a fixed coupon for a set term. A pooled liquidity vault is the standing counterparty — there's no order book and no waiting for a match. You open a swap and the vault instantly takes the other side.

• Pooled-vault counterparty. LPs deposit USDC into the vault; the pool auto-takes the opposite side of every swap. Traders post a single USDC buffer and pick a side.
• Settles on public data. Every swap settles on Hyperliquid's own published funding rate — a deterministic sum anyone can recompute.
• Native to HyperEVM. It sits next to the funding stream you already earn.

Live now on HyperEVM testnet with mock USDC from a faucet — connect a wallet, claim test tokens, then LP the vault or open a swap: hyperpetua.xyz/app. Mainnet with real USDC follows the security review.

Start here

• How it works — the vault, the coupon, and the payoff
• Participate — trade against the vault, or provide liquidity
• Transparency — how settlement is verified