HyperSwap is a non‑custodial decentralized exchange (DEX) built on the Hyperliquid / HyperEVM ecosystem. Users can swap tokens seamlessly with control over their assets.
(HyperSwap Official)
Spot Trading / Swaps: HyperSwap supports instant token swaps between supported assets in the HyperEVM network.
Concentrated Liquidity: It supports both classic and concentrated liquidity (you choose price bounds) for better capital efficiency.
Non‑custodial Control: Users retain full control of their keys while interacting with the protocol.
Collateral Utility: HyperSwap LP tokens (e.g. BUDDY LP) can be used as collateral in Timeswap to borrow wHYPE, achieving a lending-like effect.
Liquidity Hub Ecosystem: HyperSwap aims to serve as a core liquidity layer for HyperEVM, integrating with other protocols and DeFi modules.
Step‑by‑Step Guide
Step 1: Connect Wallet
Use a Web3 wallet compatible with HyperEVM. Connect to HyperSwap’s interface and confirm you are using the correct official domain.
Step 2: Explore Pools & Tokens
See which token pairs are supported and which pools are active. Use the “Pools” or “Swap” tabs in the UI.
Step 3: Execute a Spot Swap
Choose input and output token, specify amount, check fees/slippage, and execute the swap via the AMM engine.
Step 4: Provide Liquidity
Deposit tokens into liquidity pools, or choose a concentrated range to focus capital. You’ll receive LP tokens representing your share.
Step 5: Use External Collateralization
HyperSwap itself does not host lending, but you can use your LP tokens as collateral on Timeswap to borrow (wHYPE), enabling a lending interaction. (See HyperSwap and Timeswap integration docs.)
Security Best Practices
Always verify you’re on the correct domain (e.g. hyperswap-exchange.org). Fake sites are common.
Use small test transactions before committing large funds.
Prefer hardware wallets when interacting with significant amounts.
Limit token approvals; avoid infinite approvals.
Check contract addresses via official doc or GitHub.
Be cautious of impersonation, airdrop schemes, or phishing links masquerading as HyperSwap.
Advanced Features & Considerations
Concentrated Liquidity
Supply capital to a defined price range so that your liquidity is active only within bounds, which increases earning potential vs idle capital outside the range.
Collateralization via Timeswap
Use HyperSwap LP tokens as collateral on Timeswap to borrow wHYPE, effectively giving your LP assets lending utility.
Liquidity Hub Role
HyperSwap is building itself as the native liquidity backbone for HyperEVM, connecting tokens, users, and protocols.
Tokenomics & Rewards
Emission and yield programs may reward LPs or participants. Always check the latest incentive plans in official documentation.
Conclusion
HyperSwap Exchange is an advanced DEX in the HyperEVM ecosystem, offering spot swaps, liquidity provision, and integration-based collateralization (via Timeswap). While it does not natively support perps or built-in lending, it enables lending-like functions through external protocols. Use official links, proceed cautiously, start small, and monitor developments in their docs and community.