Question 1

What is HypersFun?

Accepted Answer

HypersFun is a social trading protocol on Hyperliquid. Traders launch vaults and trade with leverage. Backers buy vault tokens to automatically copy every trade in real time. Everyone earns when the trader wins.

Question 2

Is HypersFun non-custodial?

Accepted Answer

Yes. HypersFun is fully onchain and non-custodial. Traders never hold backer assets directly. All funds are managed through audited smart contracts on Hyperliquid with complete transparency.

Question 3

How is the trader's cut calculated?

Accepted Answer

The trader's cut is calculated based on profits above the high-water mark. Traders set their own fee percentage (up to 30%), charged only when backers realize profits upon selling their vault tokens.

Question 4

How is vault pricing determined?

Accepted Answer

Vault token price tracks the Net Asset Value of the underlying assets, ensuring fair pricing based on actual trader performance. A bonding curve mechanism provides continuous liquidity.

Question 5

How do I launch a vault on HypersFun?

Accepted Answer

Launching a vault takes just one click. Connect your wallet, set your vault name, symbol, and trader cut, then deploy. Your vault token is immediately tradeable and you can start executing trades on Hyperliquid perpetuals.

Question 6

How do I back a trader on HypersFun?

Accepted Answer

Browse vaults on hypers.fun, pick a trader, and buy their vault token with USDC. You automatically copy every trade they make in real time. Exit anytime by selling your vault tokens — no lock-up period.