Hyperion is the leading liquidity hub on Aptos and it offers high yield opportunities for users depositing tokens. The protocol is fully onchain and uses a hybrid approach, combining both AMM and orderbook systems. When it comes to liquidity, it aims to improve capital efficiency and user returns by using concentrated liquidity infrastructure. There is also a rewards campaign active, meaning users can earn Drips points for making swaps, providing liquidity, and also through referrals and social media activity.
If you’re looking for some solid yield opportunities with varying degrees of risk–including some low risk options–then head over to Aptos and take a look at Hyperion. In this guide we’ll look at how Hyperion works, and walk through various ways to pick up yield and other rewards.
What Is Hyperion?
Describing itself as building the premier liquidity hub on Aptos, and also as the most advanced DEX on Aptos, Hyperion enables efficiently smooth trading through providing deep liquidity, and has some high yields on offer for liquidity providers.
It utilizes a hybrid system that combines an AMM (automated market maker) and a more traditional-style orderbook, and it operates fully onchain.
Concentrated Liquidity
Hyperion makes use of concentrated liquidity infrastructure, which has been covered in a previous guide about Raydium on Solana, but in short, concentrated liquidity means capital efficiency is improved as assets are deployed to provide liquidity only within specified price ranges.
These ranges can be customized when making deposits (although there are also easy-to-use, pre-configured settings), and the narrower the range, the higher the rewards. On the other hand though, rewards will not be earned if the price goes out of range. And also, as the price moves up or down within a range, the balance of tokens deposited will change, resulting in the user having more of one token and less of the other, or even having entirely one token if the price moves out of range completely.
Essentially though, a concentrated liquidity protocol aims to make sure no liquidity is wasted, through avoiding distribution at points where no trading actually takes place.
An important point to keep in mind is that for a token pair that is closely correlated in price, setting a narrow range will work fine since there are no big price fluctuations. And the opposite is also true–a highly volatile pair that has no strong correlation requires wider range parameters in order to avoid having the price move out of range.
Hyperion by the Numbers
As for how it’s doing in terms of numbers, Hyperion currently has a TVL of $83.67 million, has done a total volume of approaching $2.5 billion, and it has over 308,000 total users.
Genesis Season Drips Rewards
Besides picking up earnings on your deposits, by using Hyperion you can participate in the Genesis Season of its Drips system.
Drips are reward points that can be earned through liquidity provision, by making swaps on the platform, and also through referrals and social media activity, and in the case of liquidity provision they are earned per day based on amounts deposited.
For full details on how Drips are allocated, please check the official Hyperion documents.
Also, before using Hyperion you should be aware of the risks involved when…
