Glossary

The native coin of Hyperliquid and HyperEVM; you pay gas with it and buy tokens with it.

Wrapped HYPE, the same value as an ERC-20 token so that contracts can hold it; fees and staking rewards are paid in WHYPE.

The EVM-compatible blockchain of Hyperliquid, where all init contracts live; chain id 999 for mainnet, 998 for testnet.

The Uniswap V3 style decentralised exchange on HyperEVM that hosts every init pool.

Externally owned account, a regular wallet controlled by a private key rather than by contract code.

A wallet that is itself a contract (Safe, account-abstraction wallets); cannot hold pre-bond tokens.

The fee paid to the network for executing a transaction, separate from any init fee.

HyperEVM produces a 3M gas block every second and a 30M gas block every minute; launches use small blocks, slot warming uses big blocks.

A pricing rule where each buy raises the price and each sell lowers it, so a token has a market from its first second without anyone providing liquidity.

The HYPE and tokens sitting in a pool that let people trade; on init it is the whole supply, locked forever.

A Uniswap V3 style deposit that provides liquidity over a price range; init uses one position from the launch price to infinity.

A position funded with only one asset (all tokens, no HYPE); the HYPE arrives as people buy.

How much your own trade moves the price; large when the pool is small, tiny when it is deep.

The difference between the quoted price and the executed price caused by other trades landing first; your slippage setting is the worst you accept.

Price multiplied by circulating tokens; on init cards it is price × the full 1B supply, which is really FDV.

Fully diluted valuation, price × total supply; a token starts at 30 HYPE FDV and bonds at about 563.

Compact price notation: 0.0₄2869 means 0.00002869, the small 4 counts the zeros after "0.".

The launch price, the mathematical lower boundary of the liquidity position; not a guaranteed floor.

Uniswap V3's unit of price; the 1% fee tier uses tick spacing 200 and init pools start at tick −173,200.

The init contract every pre-bond trade goes through; it wraps HYPE, charges the 0.25% fee and the guard, swaps in the pool, and tracks bond progress.

A token and pool prepared in advance in a big block so that a launch fits in a small block; launches fail with NoWarmSlot when the queue is empty.

An optional first purchase by the creator inside the launch transaction, capped at 5% of supply, exempt from the guard.

An extra fee on buys in the first 60 seconds after launch, 48.75% at second 0 fading to 0, paid to stakers and treasury.

A bot that buys in the launch block to sell to the humans arriving seconds later.

Net HYPE in the curve: buys minus sells, after all fees; shown as "x / 100 HYPE".

100 net HYPE, the same for every token.

The moment a token passes the target and the 10 minute confirmation: transfer restrictions and the gateway fee end, escrow is released, liquidity stays where it is.

Token state before bonding: all trades through the gateway, 1.25% total fee, transfers only between regular wallets.

Display state while progress is at or above 100 and the 10 minute confirmation is running; fees are unchanged.

Token state after bonding: plain ERC-20, 1% pool fee only, creator bonus accruing.

State of a token that missed the 30 day deadline: restrictions lifted like a bond, but escrow goes to stakers and there is no bonus.

30 days after launch (or first reach + 10 minutes if later), after which a token is bonded or time-unlocked by the next trade.

A safety rule in the token itself: 60 days after launch a still-PREBOND token stops enforcing transfer restrictions, even if the gateway is broken.

The rule that the first gateway trade after a waiting period performs the bond or unlock itself, so nobody presses finalize.

InitLocker, the contract that holds every liquidity NFT forever and forwards collected fees; it has no withdraw function.

Pulling accrued pool fees out of a HyperSwap position; anyone can call it, WHYPE goes to the FeeSplitter and tokens are burned.

The immutable contract that receives every WHYPE fee and splits it by fixed percentages between creator, stakers and treasury.

Moving an accumulated bucket out of the FeeSplitter: flushStaking to the staking contract, flushTreasury to the treasury; anyone can call.

Half of a creator's pre-bond earnings, held until the token bonds; forfeited to stakers if it time-unlocks.

Up to 1 HYPE paid to a creator after bonding out of the treasury's share of that token's pool fees.

The address that receives creator fees; only the current payout can change it.

A public, content-addressed file network where token images and metadata are pinned; anything there is public and permanent.

Sending tokens to an address nobody controls, reducing supply; the token side of every sell fee is burned.

The protocol token: fixed 1B supply, no owner, staked to receive the stakers' share of fees.

Depositing RO0T in the staking contract to receive a proportional share of streamed WHYPE; no lockup.

Rewards are released evenly over 7 days rather than in a lump; a new flush merges with what is left and restarts the 7 days.

WHYPE that arrived while nobody was staked; it streams in full to whoever stakes first.

Tokens released to a beneficiary gradually by time; treasury 48 months linear, team 12 month cliff then 36 months linear.

A period at the start of a vesting schedule during which nothing is released.

The 10% RO0T allocation released to stakers in proportion to real fee income during the first 12 months; the unearned rest is burned.

The bootstrap rate in RO0T per WHYPE streamed, fixed at TGE as 100M divided by the annualised income of the previous 30 to 60 days.

The RO0T launch valuation, set as the annualised staker income before TGE divided by 1.0.

Token generation event, the transaction that creates RO0T and its pool.

The emergency role that can pause new launches and warming, and nothing else.

A 3-of-5 multisig whose actions execute only after a 48 hour public delay; adds contract versions and unpauses.

A wallet that needs several of its owners to approve a transaction.

Ro0tRegistry, the on-chain list of contract versions; only the Timelock can append to it.

Cannot be changed after deployment; every economic parameter on init is immutable.

An automated test that performs thousands of random actions and checks that a property (for example "the FeeSplitter balance always covers every bucket") never breaks.

A test run against a copy of the real chain state, so that real HyperSwap bytecode is exercised.

An internal review where an independent agent with no shared context tries to break the design or code, and every finding is verified and fixed or rejected in writing.