Frequently Asked Questions

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

Liminal captures yield from multiple structural market mechanisms on Hyperliquid through delta-neutral strategies, with sources varying based on user-selected strategies and products. These include funding rates, staking rewards, and lending markets. Returns are driven by market structure rather than token emissions or incentives.

"Delta-neutral" means neutralizing directional exposure by structuring positions so that the portfolio has no net sensitivity to asset price movements. Depending on the strategy, this can involve holding balanced long spot and short perpetual positions, or supplying stablecoins to money markets where yield is generated independently of price direction. In all cases, the goal is to capture structural yield while remaining neutral to market movements.

Two product lines exist: Liminal Customized, offering granular control and segregated accounts with optional Self-Custody, and Liminal Tokenized, providing pooled delta-neutral strategies as omnichain OFT tokens portable across DeFi.

Choose Customized if you want control, account-level transparency, and/or Self-Custody. Choose Tokenized for simplicity and composability (AMMs, lending, yield-derivatives markets, etc.).

You deposit stablecoins (USDC, USDT, 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 can be made via Hyperliquid, Arbitrum, or deBridge from multiple chains (Ethereum, Base, BNB, HyperEVM), with Self-Custody limited to Hyperliquid only. Withdrawals are available from Hyperliquid and Arbitrum for regular accounts, Hyperliquid-only for Self-Custody. 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 price gaps between spot and perp position legs create normal fluctuations without meaningful impact on long-term yield.

Any user meeting Hyperliquid's requirements for opening a sub-account (100k USDC in executed volume) and who has withdrawn funds from Regular can enable Self-Custody in the app.

Let Liminal operate the sub-account. Avoid any manual interaction (no direct trades or transfers). If a discrepancy occurs, contact support.

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.

An omnichain OFT token representing a share of a pooled delta-neutral strategy on Hyperliquid. Each xToken (xHYPE, xBTC...) starts at $1 and automatically increases in value over time as the underlying strategy captures yield from structural market mechanisms.

Stablecoin deposits are pooled; the strategy captures yield from Hyperliquid's native market mechanisms, including funding rates and, where applicable, staking rewards or money market lending rates, while maintaining delta neutrality throughout.

Deposit stablecoins (USDC, USDH, USDT, USDT0) to mint xTokens at the current NAV. You can then hold them as yield accrues, or use them as productive collateral across DeFi, including AMMs, lending markets, and derivatives. xTokens are available on HyperEVM, Ethereum, and Arbitrum.

Two options: Standard Redemption, up to 3 days, no fee. Instant Redemption, immediate if the liquidity buffer suffices, with a 0.3% fee redistributed to remaining holders.

Yes. The underlying strategy continues accruing yield regardless of where your tokens are deployed. When you LP on an AMM or supply to a lending market, you earn the DeFi protocol's returns on top of the vault's native yield.

xTokens are designed as productive collateral across the DeFi stack. They are integrated across AMMs such as Project X, lending markets such as Hyperlend and HypurrFi, and yield-derivatives markets like Pendle and Spectra.

Not yet. The referral program 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, with a $1 claim fee (Hyperliquid constraint).

Customized: 10% performance fee + 1 bp builder fee. Tokenized: 10% performance fee, 0% management fee. The displayed APY on Tokenized is always net of fees.

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

Open a support ticket describing the issue with relevant details like wallet addresses and screenshots for the team to investigate.