Frequently Asked Questions

Liminal is a protocol that enables users to earn sustainable, real yield on stablecoins through delta-neutral strategies. Built on Hyperliquid, Liminal removes market direction exposure while capturing native yield from perpetual markets.

Liminal opens equal and opposite positions (spot and perp) on selected assets. This neutralizes market exposure (delta = 0) and allows Liminal to collect funding payments from leveraged traders.

From funding fees paid by perpetual traders on Hyperliquid. No emissions, no incentives, just real, market-native revenue.

It means your position isn’t exposed to market direction. If Liminal buys 1 BTC spot, it sells 1 BTC perp. Price moves cancel out, but funding payments are collected.

Yes, funding rates vary hourly. The APY you see is theoretical and based on recent performance. Actual returns depend on execution costs, market volatility, and user behavior (e.g., frequent strategy changes increase costs).

Liminal supports delta-neutral strategies on selected pairs like BTC, ETH, SOL, HYPE, FARTCOIN. More assets will be added progressively as Unit expands its listings. Users always deposit stablecoins, not the strategy assets.

Connect your wallet, select amount, and click deposit. Minimum is 500 USDC. In Regular mode: deposit from Hyperliquid, Arbitrum, or via deBridge from Base, Ethereum, BNB Chain, and HyperEVM. In Institutional mode: deposits are available from Hyperliquid only.

Each supported asset on Liminal has a cap, defined by its liquidity, volume, and how scalable it is at a given time. Caps limit how much can be allocated to each asset to ensure execution remains smooth. Users also have per-asset caps for the same reasons. These limits evolve progressively as market conditions improve and the system scales.

Regular mode: Hyperliquid (Spot or Perp), Arbitrum, Base, Ethereum, BNB Chain, HyperEVM. Institutional mode: Hyperliquid only. Withdrawals are available to Hyperliquid and Arbitrum (for Regular users).

Deposits and withdrawals via Hyperliquid and Arbitrum are free of charge. Deposits via deBridge (from Base, Ethereum, etc.) include bridge and execution fees.

Yes, your capital is never locked. Withdrawals are processed promptly through the interface.

When requesting a partial withdrawal, the executed amount might slightly differ from the requested value due to spread, order sizing, or rounding on Hyperliquid. Any leftover remains safely in your balance and can be withdrawn later. For the same reasons, a small amount of 'dust' may remain even after a full withdrawal.

In your dashboard, you can view your funding PnL, 30-day APY, current balance, asset allocations, and recent strategy activity.

Your net performance reflects funding collected, minus execution costs and Liminal’s 10% performance fee. It represents your actual earned yield.

The less you interact with your strategy, the better. Frequent changes trigger rebalances that incur execution costs (spread + fees). Liminal is designed to be hands-off, ideal performance comes from compounding over time with minimal action.

In Regular mode, Liminal manages execution via a linked Hyperliquid address on your behalf. It’s fully passive and delta-neutral. In Institutional mode, you use a dedicated subaccount under your Hyperliquid account. You retain custody and may occasionally be prompted to sign rebalancing transactions via Telegram. In both cases, your position remains non-directional, either delta-neutral or in USDC awaiting redeployment.

Standard Tab: Minimalist, just deposit, monitor balance and APY. Pro Tab: Full visibility, charts, strategy breakdowns, advanced customization.

Minimum: 500 USDC. Maximum: Defined by per-asset and per-user caps.

Yes, in the Pro Tab, you can allocate across multiple assets and assign leverage. Liminal handles execution while maintaining delta-neutrality.

Regular mode: Liminal manages a dedicated Hyperliquid address for you. Execution is automated. Institutional mode: You use your own subaccount and retain full custody. The execution engine interacts through your keyless API.

Liminal uses low leverage and proactive partial liquidations to maintain margin safety. In extreme volatility, if price breaches the threshold despite safeguards, a full liquidation may be triggered before reaching your liquidation price, acting as a final defense. While the risk is designed to be minimal, no system can entirely eliminate it under extreme conditions.

- USDC depeg - Hyperliquid infrastructure failure - Prolonged negative funding - Manual interference (Institutional mode)

Manual changes break delta-neutrality and desync your strategy from Liminal’s engine. You’ll be prompted to reset via the UI or withdraw.

Any user who: - Has traded at least 100,000 USDC in perps on Hyperliquid - Fully exits Regular mode before switching - Completes the setup in-app

Yes, Liminal offers full non-custodial infrastructure. Institutions get the same engine, strategy templates, and Pro Tab, with full custody via subaccounts.

- Non-custodial execution - Advanced control & visibility - Easier compliance for large allocators

A 10% performance fee, only when you’re in net profit after costs. Fees are collected via Hyperliquid’s “builder code” system, which allocates a share of funding yield. A 1bps builder fee also applies to support infrastructure and referrals.

Yes, once you’ve deposited, you can create and share your referral code or link. You’ll earn up to 30% of the performance fees they pay.

You earn a percentage of the net performance fees paid by referred users. Your rate depends on your current referral tier.

Tiers are based on your total deposits. The more you commit, the higher your reward share.

Weekly, as long as you have at least 10 USDC pending. A flat 1 USDC claim fee (collected by Hyperliquid) applies.

Click Support on liminal.money to join our Discord. Open a private ticket, our team will assist you directly.

We recommend opening a ticket first, it’s the fastest way to get help. You can also share feedback and suggestions in Discord.