Participate

Two ways in — trade against the vault, or be the vault.

Traders — go long funding, or lock it in

Open a swap and the vault is your counterparty (no waiting for a match). Pick a side:

• Long funding — pay the fixed coupon, receive realized funding. A bet that funding runs hot.
• Fixed — receive the fixed coupon, pay realized funding. Locks your funding income at a flat rate.

You post a USDC buffer (your stake and max P&L), choose a term (1 day / 1 week / 1 month), and the app shows the quoted coupon and the exact buffer. At maturity it settles on Hyperliquid's published funding.

Liquidity providers — be the counterparty

Deposit USDC into the vault and receive shares of the pool. The vault is the standing counterparty to every swap, so LPs earn (or lose) the vault's side of each swap's P&L — the spread is the structural edge. Withdrawals draw from idle pool liquidity; capital locked in open swaps frees as they settle.

Try it now on HyperEVM testnet (mock USDC, no real value):

1. Open hyperpetua.xyz/app and connect a wallet — it'll add the HyperEVM testnet network (chain 998).
2. Claim 10,000 mUSDC from the faucet (every 8 hours).
3. LP the vault (deposit → shares) or open a swap (pick a side, size, and term).
4. At maturity the keeper settles it — then claim your payout.

Mainnet / larger size

Real-USDC mainnet use follows the security review. If you run a delta-neutral vault or desk and want early access, email hello@hyperpetua.xyz.