Frequently Asked Questions

Liminal is a DeFi protocol, only possible on Hyperliquid, that gives you access to automated delta-neutral strategies to capture real, sustainable yield without directional market exposure.

Liminal collects funding rates from perpetual traders on Hyperliquid, using a balanced long-spot/short-perp position to neutralize price exposure. This is real yield, sourced entirely from market funding payments, not from token emissions or incentives.

"Delta-neutral" means neutralizing delta by holding two equivalent positions that offset each other. In our case, this is done by going long the spot asset and short the perpetual contract in the same size. With equal notionals on both sides, price movements largely cancel out, resulting in an approximately zero delta, meaning minimal directional exposure.

Two product lines: - Liminal Customized: granular control, segregated accounts, parameter tuning (leverage, assets), optional Self-Custody. - Liminal Tokenized: pooled delta-neutral strategies mintable as omnichain OFT tokens (e.g., xHYPE, xBTC), portable and composable across DeFi on HyperEVM and EVM chains.

Choose Customized if you want control, account-level transparency, and/or Self-Custody. Choose Tokenized for simplicity, composability (AMMs, lending, Pendle, etc.), and fast collateralization through a single token.

You deposit stablecoins (USDC, USDT0); Liminal opens a long spot and short perp on the selected assets. The engine handles execution and rebalancing to avoid liquidations. Yield accrues in real time.

Yes: choose assets, allocations, and leverage. Liminal executes everything while maintaining delta neutrality.

Your strategy runs on your own Hyperliquid sub-account (you keep custody). Liminal acts as a trade-only Agent, and you can revoke it at any time. Because Liminal cannot transfer or withdraw funds in Self-Custody, the app may sometimes prompt you to equalize spot/perp balances to keep the position delta-neutral.

Deposits: - Regular: Hyperliquid (Spot/Perp), Arbitrum, or via deBridge (Ethereum, Base, BNB, HyperEVM). - Self-Custody: Hyperliquid only. Withdrawals: - Regular: Hyperliquid and Arbitrum. - Self-Custody: Hyperliquid only. Minimum deposit: 500 USDC.

Yes. No lockup. The engine unwinds the corresponding portion and you receive your USDC.

Effects of spread, minimum order sizes, and Hyperliquid rounding. Any small remainder stays in your balance and can be withdrawn later; the same applies to minor dust.

In the dashboard: Liminal Balance, 30d APY, funding earned, allocations, activity. Click on "Verify" to review your wallet positions on-chain.

Fewer actions are better. Frequent changes trigger rebalances and execution costs. Let the position work for you.

Minor fluctuations typically come from small price gaps between the spot and perp legs of the strategy. These variations are normal and have no meaningful effect on long-term yield.

Any user meeting Hyperliquid’s requirements for opening a sub-account (100k USDC of executed volume), who has withdrawn funds from Regular, can then enable Self-Custody in the app.

Let Liminal operate the sub-account. Do not interact manually (no direct trades/transfers). If a discrepancy occurs, contact support for guidance.

In Regular, Liminal manages a dedicated address for you. Simple and fully automated. In Self-Custody, strategies execute on a sub-account of your own Hyperliquid account: you retain asset ownership, generate HL volume on your account, and can track positions directly on Hyperliquid. In return, Self-Custody requires slightly more active management, notably to adjust your spot/perp balance when needed.

An omnichain OFT token representing a share of a pooled delta-neutral strategy on a given asset (xHYPE, xBTC, xETH, …). The token’s NAV increases as the strategy captures yield (funding + any spot-side income such as LSTs).

Stablecoin deposits are pooled; the strategy holds a long spot (often via Unit assets / LSTs when appropriate) and an equivalent short perp on Hyperliquid, with measured perp leverage and delta kept neutral.

Deposit stablecoins to mint at the current NAV. Then either hold (the NAV rises with yield) or use it as productive collateral in DeFi (AMMs, lending/collateral, Pendle, …).

Instant Redemption: immediate exit at NAV if the liquidity buffer suffices, with a 0.3% fee redistributed to remaining holders. Standard Redemption: ~3-day queue, NAV locked at request time, allowing the strategy to unwind cleanly.

xHYPE reflects a delta-neutral strategy on HYPE; part of the spot leg may use LSTs (additional staking yield). Altogether, this increases NAV over time.

Not yet. Referral currently applies only to the Customized product. Tokenized strategies are not eligible for now.

You earn a percentage of eligible fees paid by your referees. Your percentage depends on your tier.

Only your balance deposited in Liminal Customized. Tokenized deposits do not count toward tiers or revenue share.

Daily accrual, weekly settlement. You can claim once you reach >= 10 USDC, with a 1 USDC claim fee (Hyperliquid constraint).

Customized: 10% performance fee + 1 bp builder fee. Tokenized: 10% performance fee, 0% management fee.

Click Support on liminal.money to join Discord and open a private ticket. The team will assist you directly.

Simply open a ticket and describe your issue with details such as your address and screenshots.