TVL
PENDING
Concentrated-liquidity layer · HyperEVM
Emissions bootstrap it.
Fees keep it.
Vertex Alpha is the concentrated-liquidity liquidity layer for HyperEVM's long tail, starting with liquid-staking and yield tokens. Concentrated liquidity earns real fees at low TVL, so lockers out-earn farmers instead of the reverse — and lock rewards are paid in HYPE, not in a token that gets dumped.
Preview. No wallet connection, no live contracts. Access list is illustrative only.
Convergence model · illustrative
Emissions
Fees → lockers
01 / the model
Concentrated liquidity. Fees that outrun emissions.
A concentrated-liquidity AMM with a launch module and ve-governance. New and long-tail assets bootstrap deep markets with little capital, so fees are real even at low TVL. Lockers direct emissions and are paid the fees those markets earn, converted to HYPE — the yield never depends on selling VXA.
01
Launch
Seed a new or long-tail asset's first concentrated-liquidity market.
02
Concentrate
Provide liquidity in tight ranges — real fees per dollar, not full-range dust.
03
Lock
Lock VXA into veVXA for voting power and the majority share of fees.
04
Vote
Direct emissions to the markets that pay; collect their fees in HYPE.
24h volume
PENDING
Genesis markets
06
Gauges
06
Lock reward
HYPE
02 / genesis markets
Beachhead: liquid-staking & yield tokens.
Start where liquidity actually sticks on HyperEVM. Correlated LST pairs concentrate into razor-tight ranges, so a little capital makes a deep market and earns real fees. Broaden to general launches from there.
| Pair | Type | Gauge |
|---|---|---|
| stHYPE / HYPE | Correlated | CL · TBD |
| kHYPE / HYPE | Correlated | CL · TBD |
| wstHYPE / USDC | Volatile | CL · TBD |
| USDT0 / USDC | Stable | CL · TBD |
| HYPE / USDC | Volatile | CL · TBD |
| VXA / USDC NATIVE | Volatile | CL · TBD |
03 / Vaults · not live
Structured-yield vaults, aligned by first-loss capital.
The v2 product, shipping later with its own audits and legal wrapper. Non-custodial by construction: depositors keep custody, strategies run on-chain.
Funding-rate capture, low-leverage strategies, diversified exposure. Managers are required to post first-loss capital in their own vault. Aligned co-investment, not gambling with other people's money.
Non-custodial
Depositors retain custody end to end.
First-loss capital
Managers take the first hit, in-vault, non-negotiable.
On-chain strategies
Positions and rules execute transparently.
Audited + wrapped
Ships with its own audits and legal structure.