Hypersurface is a decentralized structured products protocol (DeFi) built natively on the HyperEVM, the smart contract layer of the Hyperliquid ecosystem.
The protocol enables users to generate predictable and transparent yield by selling covered calls on their crypto assets — turning long-term holdings into immediate sources of income.
Inspired by institutional strategies used by traditional financial giants like BlackRock and JPMorgan, Hypersurface adapts these models to the blockchain world, introducing on-chain options that fill one of DeFi’s historical gaps: efficient, functional, and composable options trading directly on-chain.
Unlike protocols that rely on market speculation or excessive risk exposure, Hypersurface focuses on yield generation from market volatility.
This allows traders to earn rewards for providing liquidity without having to predict price direction — making the protocol suitable for both casual holders and advanced investors, and contributing to a more sustainable economy within the HyperEVM.
Integration with the HyperEVM
The HyperEVM is the smart contract execution environment of Hyperliquid, combining the familiarity of Ethereum’s Solidity language with the unmatched performance of HyperCore, the underlying engine responsible for high-speed order book operations like perpetuals and spot trading.
Hypersurface integrates seamlessly with this environment, leveraging HyperBFT consensus to inherit both security and speed — without relying on external bridges or proofs that could introduce risk.
This integration allows the protocol to access HyperCore’s deep on-chain liquidity, including:
- Native order books,
- Oracles, and
- Staking mechanisms.
For example, when selling a covered call, Hypersurface’s smart contract can read real-time prices from HyperCore through read-only precompiles, guaranteeing accurate and low-latency execution.
It can also perform state writes directly to HyperCore — such as liquidations or transfers — all within a unified system state, removing the inefficiencies common in multi-chain protocols.
Although Hypersurface is also expanding to other networks like Base, its native deployment on HyperEVM fully utilizes Hyperliquid’s financial primitives, making it ideal for assets like BTC, ETH, and HYPE.
How the Protocol Works
Hypersurface revolves around a strategy known as selling covered calls.
In simple terms:
- The user holds an underlying asset (like BTC or ETH).
- They sell a call option on that asset, receiving an upfront premium in USDT.
If the price doesn’t reach the strike price by expiration, the user keeps both the asset and the premium.
If it does, the asset is sold at the agreed strike price — but the earned premium compensates for potential upside loss.
Within Hypersurface, this process is automated through smart contracts, ensuring full transparency and control.
Market volatility is transformed into yield, allowing users to earn predictable income without manual hedging or directional bets.
This approach captures volatility as yield and turns idle capital into productive assets — generating consistent returns fully on-chain and verifiable by anyone.
All positions, trades, and premiums are auditable on-chain, giving users full transparency over performance and fund safety.
They can also adjust or withdraw their positions at any time, maintaining complete asset control while enjoying automated income generation.
Core Features and Highlights
- Stable Yield in USDT:
Users earn immediate, upfront premiums in USDT, creating stable income even during volatile market periods. - Custom Strike Prices:
Each user can set personalized strike prices, tailoring risk and reward to individual strategies. - Transparent Execution:
All actions are fully recorded on-chain, eliminating opaque intermediaries and ensuring accountability. - No Unnecessary Lock-ups:
Assets remain accessible — users can exit or adjust strategies anytime without waiting for lengthy vesting periods. - Real-Time Hedging with HyperCore:
The integration with HyperCore allows for instant hedging and ultra-fast transaction settlement. - Optimized Gas Performance:
With HyperEVM’s 2M–30M gas block range, both simple and complex transactions execute quickly and affordably, enhancing the overall user experience.
These features make Hypersurface one of the most efficient and accessible ways to earn yield from volatility — without requiring deep technical knowledge.
Benefits for Users and Ecosystem Impact
For users, Hypersurface offers a simple yet powerful way to turn passive holdings into active income streams.
By leveraging market volatility through covered calls, users can generate sustainable yield on blue-chip assets like BTC, ETH, and HYPE, while maintaining full ownership of their funds.
The upfront premium provides financial predictability, especially useful during bear markets — allowing holders to earn income instead of selling assets at low prices.
For the broader HyperEVM ecosystem, Hypersurface plays a critical role in expanding liquidity, developer engagement, and DeFi innovation.
It introduces a new category of on-chain financial products that strengthen HyperEVM’s position as a leading permissionless finance platform.
By bridging traditional finance principles with blockchain-native architecture, Hypersurface helps build a robust, sustainable DeFi economy — where even sophisticated financial instruments become accessible to everyday users.
How to Farm the Hypersurface Airdrop
Hypersurface has officially announced the upcoming launch of a points system, which will likely serve as the foundation for its future airdrop.
Although the program is not yet active, the team has confirmed through X (Twitter) posts that early users and asset holders will receive rewards retroactively once the points system goes live.
To prepare for the airdrop and start farming early eligibility, follow these steps:
1. Deposit Supported Assets
Deposit ETH, BTC, or HYPE into the protocol.
These are the main assets currently supported for covered call strategies.
By doing this, you begin generating volatility yield while also positioning your wallet for retroactive points once the system launches.
2. Create Covered Call Positions
- Use the platform to sell covered calls on your deposited assets.
- Select your preferred strike price and duration.
- Earn USDT premiums upfront for each position.
These actions demonstrate engagement and will likely influence future point calculations.
3. Stay Active and Manage Positions
Continue to roll over or adjust your positions as market conditions change.
Consistent activity is key — airdrops often reward users who interact regularly, not just once.
4. Interact via Base
While Hypersurface is native to HyperEVM, it also allows cross-network interactions through Base, an L2 network supported by Coinbase.
Engaging with the Base deployment may grant additional recognition or future eligibility once multi-chain functionality expands.
Hypersurface is still in its early stage — which gives early users a clear advantage.
Its farming process is straightforward: deposit popular assets like BTC, ETH, or HYPE, generate yield from market volatility, and potentially accumulate points toward a future airdrop.
While every DeFi protocol carries risk, Hypersurface stands out for its transparency, simplicity, and accessible earning model, making it an excellent opportunity even for newcomers who want to farm safely within the Hyperliquid ecosystem.
🔗Links
Hypersurface: Official Website
Hypersurface Documentation: Docs
Disclaimer
This is not financial advice. If you decide to interact with the mentioned protocols, you do so at your own risk. Airdrop Guild is not responsible for any potential losses resulting from participation. Always do your own research before engaging with blockchain-based projects.