What is HyperDex?

INTRODUCTION

Blockchain technology, specifically cryptocurrencies, have taken the world by storm within the last year. With the advent of blockchain came a whole new framework for creating and deploying applications, namely in a decentralized environment. As time went on, decentralized finance (coined ‘DeFi’) emerged as a solution aimed at solving the many inefficiencies with traditional finance (e.g. expensive fees, barriers to entry, etc.).

As we continue to develop, extremely sophisticated financial products are emerging and offering investors better returns than anywhere else in finance currently. However, this rapid development is creating a new set of challenges for users. As development speeds up, more and more complex financial instruments are being created resulting in a higher knowledge barrier for both new and existing users. Users that neglect understanding the protocols they use along with its functions risk precarious exposure of capital. In addition to this, it is difficult to curate profitable strategies in a 24/7, volatile, increasingly complex market.

If the new challenges created by DeFi are not addressed, a paradoxical situation may arise whereby DeFi becomes the least accessible sector in crypto and finance for retail investors.

OVERVIEW

HyperDex…

• Is a DeFi asset management platform that simplifies the process of investing in DeFi
• Offers investment products in the form of cubes enabling users to pick from a variety of strategies that fit their risk tolerance
• Features the native HYP token with multiple use cases and a unique tokenomics
• Includes multiple other dapps that ultimately enhance the HyperDex experience

CUBES

HyperDex offers users three primary investment strategies in the form of ‘Cubes’. Each investment strategy has a different risk associated with it, effectively allowing users to choose investments based on their own risk tolerance. The three main strategies are: fixed income, algo trading, and race trading.

• Fixed Income Cube: earn a fixed return over a set period of time
• Algo Trading Cube: earn a variable return over a set period of time via HyperDex trading algorithms.
• Race Trading Cube: speculate on the price of a certain asset over a set period of time

Once a user selects a strategy, they may then choose from a set of parameters that indicate the investment’s details (e.g. asset deposited, expiration date, etc.). After specific parameters are chosen, the user simply deposits the quoted asset in order to initiate their investment. Based on the Cube’s terms, the user automatically earns a return upon expiration or in some cases if other conditions are met.

HYPERCUBE

HyperCubes are used to increase a user’s overall return on a selected investment. This is achieved by simply depositing HYP tokens in addition to a Cube investment. For each investment type, a respective HyperCube may be created in order to receive additional benefits that ultimately increase overall returns.

These benefits include:

• Fixed Income HyperCube: increased return on initial investment + 20% return on deposited HYP tokens
• Algo Trading HyperCube: additional return in HYP tokens equivalent to the original investment’s return
• Race Trading HyperCube: additional return in HYP tokens equivalent to the original investment’s return

Think of HyperCubes as upgraded versions of normal investment Cubes. In addition to benefiting users with increased returns, creating a HyperCube is beneficial to the ecosystem as a whole, as HYP tokens must be purchased therefore increasing token demand and in turn token price.

HYP TOKEN

Hyper Token (HYP) is the native token to the HyperDex platform. HYP is a BEP-20 token based on the Binance Smart Chain (BSC).

HYP tokens are used for a variety of functions within the HyperDex ecosystem. Use cases include creating HyperCubes along with receiving rewards from the farm and referral program.

To acquire HYP tokens, users must swap selected crypto assets via the token swap or a DEX (e.g. PancakeSwap).

An initial supply of HYP tokens is minted and sold in a series of rounds, whereby an equivalent amount of sold tokens is also distributed to HyperDex. The amount of HYP tokens initially minted will not exceed 200,000,000.

OTHER DAPPS

Token Swap

The token swap is used to acquire HYP tokens and may be accessed via the HyperDex website. There, users will have the ability to swap selected crypto assets for HYP, with more pairs to be included over time.

Users may also deposit liquidity into the token swap and earn a proportional share of fees generated over time.

Each swap will include a 0.25% fee, with 0.17% allocated to liquidity providers and 0.08% allocated to the HyperDex platform.

Farm

After depositing liquidity into the farm and receiving LP tokens, users may further deposit them in order to earn even more HYP rewards. Rewards to farm participants are fixed at a rate of 20% annualized, whereby this is split amongst all participants staking LP tokens.

Referral

By successfully referring other users to HyperDex, referrers may earn additional HYP rewards. In order to successfully refer a user, they must use your unique referral code and successfully invest in a cube. Once the referred user successfully invests in cube, they earn an additional 3–5% for their first investment. Meanwhile, the referring user also earns an additional 3–5% that is minted and distributed after the referred user’s first cube investment.