The perpetual Hypurr machine.
A protocol that buys and sells Hypurrs, the flagship Hyperliquid collection, one $HYPSTR trade at a time.
Buy a Hypurr. Sell it. Buy back and burn. Repeat.
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01Elysium
Collect trading fees
A fee on every $HYPSTR buy and sell on Elysium funds the machine. Most goes to the protocol, the rest to the team.
10% fee · 80% protocol / 20% team -
02HyperEVM
Bridge and buy a Hypurr
Fees cross Elysium's native bridge to the protocol's vault on HyperEVM, where Hypurrs live. Once it covers the floor, the vault buys the cheapest listed Hypurr.
Floor price, in HYPE -
03HyperEVM
Relist above cost
The vault lists the Hypurr for sale straight away on HyperEVM, at a fixed markup on what it paid.
Listed at 1.1× purchase price -
04Elysium
Bridge back and burn
When it sells, the HYPE crosses back to Elysium, buys $HYPSTR and burns it. Fees keep the loop turning.
100% of sale proceeds
Step 04 feeds back into step 01. No one has to decide when the machine trades.
$HYPSTR trades on Elysium. The Hypurrs live on HyperEVM.
Hypurrs were minted on HyperEVM and trade there in HYPE, so the protocol keeps a vault on HyperEVM to buy and sell them. Elysium settles to HyperEVM and uses HYPE as gas, so HYPE moves between the two over Elysium's native bridge, 1:1, with no wrapped token.
- Collects trading fees
- Buys back and burns $HYPSTR
- Buys the cheapest listed Hypurr
- Relists it at 1.1×
The vault runs on fixed rules: it can only buy the cheapest listing, relist at the set markup, and send sale proceeds back to the strategy on Elysium.
Hypurrs currently held by the protocol.
The first Hypurr is bought once the fee pool reaches the floor price. Holdings appear here with purchase and list prices.
Fees fund the next purchase. Sales buy back and burn.
Trading fees pay for each Hypurr. Every Hypurr sale buys back and burns $HYPSTR, returning HYPE to the liquidity pool.
Protocol fees & sales proceeds
| Event | Hypurr | Amount | Time | Tx |
|---|
No activity yet. Purchases, sales and burns are logged here as they happen onchain.
Watch the machine work.
Every Hypurr the protocol buys, relists and sells, and every $HYPSTR burn, is posted to X as it happens. Announcements and launch news go there first.
Handle announced at launch