How it works
New to HyperEVM?
- Connect a wallet (Rabby, MetaMask or Phantom). The site adds HyperEVM when needed.
- Have USDC on HyperEVM, or pay from Arbitrum, Base, Ethereum, Solana, Optimism, BNB, Robinhood Chain and it bridges for you.
- Keep a little HYPE for gas (a few cents per trade).
Buying and selling
Each token is an ERC-4626 vault on HyperEVM, issued by Ensemble. Buys and sells on this site go through USDC liquidity pools on HyperEVM, with a pool fee of 0.3–1% (paid to the pool's liquidity providers), shown exactly in your quote; payments from other chains are first bridged to USDC on HyperEVM. If a pool is too thin for your order, the site falls back to the vault: a buy deposits USDC and mints tokens at the price per token, a sell redeems at the price per token, with no site fee on that route. Hyper Tokens does not hold your funds.
Paying with USDC on HyperEVM is the fastest route. Paying with HYPE swaps it to USDC first. From another chain (Arbitrum, Base, Ethereum, Solana, Optimism, BNB, Robinhood Chain), the order bridges to USDC on HyperEVM with Relay, or LI.FI as a fallback, then mints. With LI.FI this happens in two steps: the bridge, then a deposit transaction once the USDC lands. Your wallet asks you to switch network when needed.
Fees
Buys and sells go through a USDC liquidity pool on HyperEVM; pool fee 0.3–1% (paid to the pool's liquidity providers), exact fee in your quote. If the pool is thin, the vault mints at 0.1% or redeems at 0.3% instead. Bridge costs and gas are in the quote. Hyper Tokens adds no other site fee. Vault fees go to Ensemble, which shares an owner with Hyper Tokens. Inside the token: 2% a year management, 0.1% builder fee on rebalance trades, Hyperliquid trading fees, and funding paid or received.
Rebalancing
The token rebalances about every 4 hours or after a 10% move. In choppy markets those resets lose money even if prices end flat.
Limits
- Minimum 10 USDC per buy, on EVM chains.
- Maximum 25,000 USDC per buy.
- Instant sells are limited by the USDC each vault holds right now. Larger sells are blocked until liquidity returns; sell a smaller amount.
| Token | Price (on-chain) | Instant-sell liquidity | Vault |
|---|---|---|---|
| iVOL | … | … | |
| VOL | … | … | |
| BULL | … | … | |
| iBULL | … | … | |
| BEAR | … | … | |
| iBEAR | … | … |
Paying from Hyperliquid
You never need USDC on HyperCore. Pay with USDC on HyperEVM, Arbitrum, Base or another EVM chain, or Solana. If your USDC is in a Hyperliquid account, you can transfer it to HyperEVM in the Hyperliquid app (Portfolio → transfer to EVM), or just pay from another chain.
Prices and charts
The vault computes price per token on-chain when you buy or sell. The site reads it every 15 seconds. Charts use a 5-minute on-chain record (with a coarser static fallback), plus the live read. Charts show available on-chain history only; history shorter than the selected range is labeled Since launch.
Who runs this site
Hyper Tokens and Ensemble are owned by the same company. Hyper Tokens is the trading site; Ensemble runs the vaults, issues the six vault tokens and controls their contracts.
Risks
Leveraged tokens move several times the underlying, and losses compound. A fast move against the token can wipe out most of its value. Vaults can pause, and instant redemptions depend on the vault's USDC. Bridges add their own risk and delay. Nothing here is financial advice.