Hyperliquid

Overview

Flipsuite is integrated with Hyperliquid to provide more trading features across the board, enabling perpetual and spot trading using your Flipwallet.

What is Hyperliquid?

Hyperliquid is a performant blockchain built with the vision of a fully onchain open financial system. Liquidity, user applications, and trading activity synergize on a unified platform that will ultimately house all of finance. Its state execution is split into two broad components:

1. HyperEVM
2. HyperCore

HyperEVM

HyperEVM integrates the general-purpose smart contract capabilities common to Ethereum into the Hyperliquid blockchain. HyperCore’s performant liquidity and financial primitives are exposed as permissionless building blocks for all users and developers on HyperEVM. Users can utilize the full range of Flipsuite features on HyperEVM.

HyperCore

HyperCore includes fully onchain perpetual futures and spot order books. Every order, cancel, trade, and liquidation happens transparently with one-block finality. HyperCore is designed primarily for trading, so a Flipsuite reward system is not available on HyperCore.

Trading on Hyperliquid

Trading on Hyperliquid is done on HyperCore, so you need to get your funds there first.

How to get funds on HyperCore?

The best way to get your funds to HyperCore from other chains is to have some gas tokens available (like ETH, POL, or SOL) and bridge them into HyperCore’s USDC token by using the /swap tokens command or by asking Flippy. Once you have some USDC on HyperCore you can start trading! You can also transfer certain tokens that are deployed (and linked) on both HyperEVM and HyperCore between these two chains. To do so simply use the /swap tokens command and specify the desired token as both source and destination token like this:

Placing market spot orders

To place spot market orders using your HyperCore USDC, simply use the /swap tokens command in Discord, or ask Flippy to place them for you like this:

Hey @Flippy swap 50 USDC to HYPE on Hyperliquid

Placing limit spot orders

To place spot limit orders using your HyperCore USDC, simply use the /limit buy and /limit sell commands in Discord, or ask Flippy to place them for you like this:

Hey @Flippy buy me $100 BTC once it drops below 110k

Opening market perp positions

To open long and short positions using your HyperCore USDC, simply use the /perp long and /perp short commands in Discord, or ask Flippy to place them for you like this:

Hey @Flippy open BTC long with 15x leverage and $20 margin, and set stop loss at 110k

Opening limit perp positions

If you prefer to open a position only once a certain price target is hit:

Hey @Flippy open ETH long with max leverage and $50 margin once it drops by 2%

Setting multiple SL and TP levels

You can set multiple stop loss and take profit targets for your perp positions like this:

Hey @Flippy open HYPE long with max leverage and $50 margin, set 50% TP at 10% gain, and 25% TP at 20%

Sharing your perp positions

You can ask Flippy to share one of your perp positions in the chat:

Closing your perp positions

You can fully or partially close your perp positions by asking Flippy to do so:

Hey @Flippy cancel X% of my HYPE position

Margin modes

When opening a perp position on Hyperliquid, you can choose between two margin modes:

1. Isolated
2. Cross

Isolated margin

Isolated margin restricts the collateral for a position to a single asset.

• Risk Isolation: Losses are limited to the margin allocated to that specific position. Liquidations in an isolated position do not affect your other trades.
• Manual Adjustments: You can manually add or remove margin from an open position to adjust your liquidation price (except for “strict isolated” assets).
• PnL Handling: Unrealized profits are applied directly to the position as additional margin.

Cross margin

Cross margin is designed for maximum capital efficiency.

• Shared Collateral: All cross positions share the same collateral pool. This allows profits from one position to support the margin requirements of another.
• Liquidation Risk: Since margin is shared, a significant loss in one position can potentially lead to the liquidation of all other cross positions in your account.
• Automated PnL: Unrealized profits are automatically available as initial margin to open new positions.

Trading leaderboard

All perp trades you execute on Hyperliquid using your Flipwallet are tracked on the trading leaderboard. You can access the leaderboard at any time by asking Flippy:

Rewards

Each week, the top 3 eligible traders receive 50%, 30%, and 10% of the weekly prize pool respectively. The remaining 10% goes to one raffle winner drawn from all other eligible traders, with the chance to win proportional to their weekly volume.

Eligible orders

Only the following orders are counted on the leaderboard:

1. Orders you place through Flippy via chat or commands
2. All orders with negative PnL (to prevent cheating)
3. All liquidations

Loyalty and leaderboard score

All leaderboards rank traders by a loyalty-adjusted score:

1. Loyalty represents what portion of the volume you’ve made comes from Flippy versus other platforms. It’s your cumulative dollar volume traded through Flippy divided by your total tracked Hyperliquid perps volume.
2. Leaderboard score is your positive PnL multiplied by your loyalty. The more you trade via Flippy, the higher your loyalty multiplier will be, and the higher your score on the leaderboard will be.

All perp trades count toward loyalty, including opening, increasing, reducing, and closing positions. Flippy trades count toward both volumes, while external trades count only toward the total volume. For example, $7,000 traded through Flippy and $3,000 externally gives you 70% loyalty:

• With +$1,000 eligible PnL, your leaderboard score is 700 (1000 x 0.7).
• With -$1,000 eligible PnL, your score remains -1,000.