Hypersurface

Turning volatility into income. Get paid while the market moves.

Official links:

[Hypersurface @hypersurfaceX]

gm surfers!

When we announced our intended wind down last week we got a flood of feedback from the Hypersurface community and many inbound messages.

Overwhelmingly, you told us that you wanted us to find a way to continue operating. Thank you for your support, it means very much to us.

We are now working with investors and we are confident that we have a path forward. Our plan is to resume trading before the end of the month--this week or next week at the latest. Stay tuned for more updates soon.

[Hypersurface @hypersurfaceX]

After a lot of consideration, we’ve made the difficult decision to wind down Hypersurface and shut down the protocol.

We started Hypersurface with a simple thesis: that structured yield strategies like covered calls could become a meaningful on-chain primitive.

Over the past year, Hypersurface processed:

• $120MM+ in trading volume
• ~$2MM in premiums paid
• 650 traders
• 12+ trades per user

We’re proud of what we built and of the real usage the protocol achieved.

Ultimately, though, we weren’t able to find a path to the scale and funding needed to keep building Hypersurface sustainably.

We’re incredibly grateful to everyone who traded with us, gave feedback, partnered with us, introduced us to customers and investors, or simply believed in what we were building.

We have spent many years building on-chain derivatives, and we learned an enormous amount from Hypersurface.

We’re proud of what this team shipped.

We’ll be winding down the remaining protocol operations in an orderly way and will share any necessary final operational details with users directly.

Thank you to everyone who was part of Hypersurface. ❤️

[Hypersurface @hypersurfaceX]

Most crypto decisions happen after the move.

On Hypersurface, you can decide ahead of time where you’d actually be comfortable buying or selling, then sell covered calls or cash secured puts from the available strikes that fit that view.

[Hypersurface @hypersurfaceX]

$kHYPE covered calls are back on Hypersurface.

If you’ve been waiting for them, they’re live again!!

[Hypersurface @hypersurfaceX]

Longer-dated expiries are now live on Hypersurface.

Sell up to 2 month long covered calls and cash secured puts at a chosen strike.

Longer duration = higher premium.

[Hypersurface @hypersurfaceX]

One trader’s result on Hypersurface:

- $72 strike
- Collateral backing the potential purchase
- $4,426.75 premium
- 2 days
- Expired OTM
- No HYPE purchased

The premium wasn’t free yield.

It was market-driven compensation for an obligation to buy HYPE at $72 if exercised.

[Hypersurface @hypersurfaceX]

Raised the cap
Then raised it again.

Still sitting at 99.8% pool utilization.

Demand has kept the pool near capacity for the last couple of days.

Good problem to have. 🫡

Hypersurfers are keeping us busy. 🌊

[Hypersurface @hypersurfaceX]

$USDC is now live on Hypersurface!!

New stable in the chamber.

Bye $USDT hello $USDC.

https://t.co/rtCgxbNVH5

[Hypersurface @hypersurfaceX]

@DaveStrategist 👏👏👏

[Hypersurface @hypersurfaceX]

Why Arthur Hayes sells OTM puts on ethereum:native

[Hypersurface @hypersurfaceX]

210% APR premium on HYPE using @hypersurfaceX

Not a bad way to trade!

Check out yields and get in on the action here: https://t.co/4XL6lghil8

[Hyperliquid @HyperliquidX]

TWAP orders now support the following features, fully onchain:
+ Trigger price: TWAP order activates when mark price reaches your set level
+ Max/min price: TWAP order terminates when mark price crosses your max price (for buys/longs) or min price (for sells/shorts)
+ Longer running time: Extended to 7 days
+ Dynamic suborder intervals: Suborder intervals are no longer fixed at 30 seconds. The interval is calculated from the total size and running time set, with 30 seconds as the minimum
+ Lower minimum order size: $100 notional per TWAP order; minimum notional per suborder is still $10

[Hypersurface @hypersurfaceX]

@HyperliquidX Hyperliquid

[AndrΞi Anisimov @AndreiAnisimov]

Optionality over leverage

[Hypersurface @hypersurfaceX]

USDC is coming to @hypersurfaceX

Options traders are getting a new stable to play with.

Soon!

https://t.co/rtCgxbNVH5

[AndrΞi Anisimov @AndreiAnisimov]

I wish I could trade options 24x7

[Hypersurface @hypersurfaceX]

@AndreiAnisimov 👌👌

[Hypersurface @hypersurfaceX]

Someone just turned a $78 $HYPE sell target into $10,858 upfront.

Not a bad way to let the market come to you... 😎

[AndrΞi Anisimov @AndreiAnisimov]

https://t.co/QDI9EihLzh