Concentrated-liquidity layer · HyperEVM

Emissions bootstrap it.
Fees keep it.

The liquidity layer for HyperEVM's long tail. Concentrated positions earn real fees even at low TVL, so lockers out-earn farmers, and rewards are paid in HYPE, not a token that gets dumped.

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Reward engine · live on launch
Fees convert to HYPE, streamed to lockers
Fig. 01 — Convergence modelillustrative
CONVERGENCE Emissions Fees T0 Tn →
Fee engine
Concentrated.

Deep markets from little capital. Fees are real even before TVL is.

Reward asset
$HYPE.

Lockers are paid in earned HYPE, converted from revenue, never in emitted VXA.

Beachhead
LST & yield.

Start where liquidity actually sticks on HyperEVM, then broaden to launches.

01The model

A ve(3,3) dies when farming stops and the fees never showed up. Vertex Alpha is built so fees outrun emissions instead.

01ConcentrateLiquidity in tight ranges earns real fees per dollar, not full-range dust. Lockers can out-earn farmers by construction.
02LockLock VXA into veVXA for voting power and the majority share of fees, paid in HYPE.
03VoteDirect weekly emissions to the markets that pay. The flow of fees follows the votes.
✓

Locker yield is paid in HYPE, converted from real fee revenue, never in emitted VXA. The reward never depends on selling the token.

02Genesis markets

Beachhead: liquid-staking & yield tokens.

MarketTypeFee tierGauge
stHYPE / HYPECorrelated0.05%CL · TBD
kHYPE / HYPECorrelated0.05%CL · TBD
wstHYPE / USDCVolatile0.30%CL · TBD
USDT0 / USDCStable0.01%CL · TBD
HYPE / USDCVolatile0.30%CL · TBD
VXA / USDC NATIVEVolatile—TGE
03Vaults · the alpha layer · not live

Structured-yield vaults, aligned by first-loss capital.

—Non-custodialDepositors retain custody end to end. Strategies execute on-chain, transparently.
—First-loss capitalManagers take the first hit, in-vault and non-negotiable. Aligned co-investment, not gambling with other people's money.
—Audited & wrappedThe v2 product ships later with its own audits and legal structure.
✓

Depositors keep custody the entire time, and managers take first-loss capital in-vault. Aligned co-investment, not gambling with other people's money.

04Tokenomics · VXA

One token, two fee engines. Lock VXA for veVXA and take the majority of DEX and vault fees, paid in HYPE.

—Rewards in HYPELocker yield is real fee revenue converted to HYPE, never emitted VXA. The reward never depends on selling the token.
—Lock beats LPLPs get emissions and a minority fee share; lockers get the majority share plus bribes and an anti-dilution rebase.
—Emissions decayFront-loaded to bootstrap, then decay fast as the two fee lines grow into them. The target is fees ≥ emissions.
Supply allocation
Community 40% Team 20% Investors 15% Treasury 15% Liquidity 10%
See full tokenomics Read the docs

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