With the launch of Epoch 1, anyone can now deposit into Liminal, one of the most promising and fastest-growing protocols in the Hyperliquid ecosystem.
Key Takeaways
- Liminal delivers real yield through delta-neutral strategies on Hyperliquid — no token emissions, just funding rate capture.
- Fully automated: deposit USDC, choose assets, and Liminal handles execution, rebalancing, and liquidation protection.
- Strong traction: $73M in TVL, 8,000+ users since launch.
- Top performer: $PUMP led with 38% APY this quarter via delta-neutral strategy.
- Bullish market = higher funding = more yield for Liminal’s short positions.
- Open to all since July 22, with ~14% APY over the past 90 days.
Introduction:
With the bull market making a comeback, it’s time to start thinking seriously about what to do with profits and how to put that capital to work strategically.
As you know, being a successful investor isn’t just about capturing upside. It’s equally about managing risk and preserving capital over time.
That’s why today we’re introducing you to Liminal, a delta-neutral yield protocol built on Hyperliquid, designed to generate sustainable, real yield without market exposure.
Why Liminal ?
Liminal is an innovative protocol inspired by Ethena’s strategy. It enables users to earn real yield, derived from funding fees paid by leveraged traders on Hyperliquid, not from token inflation or unsustainable incentives.
And it’s clearly resonating with users. Since its launch, Liminal has attracted over 8,000 unique depositors, pushing its TVL to $73 million and placing it among the top 10 protocols on Hyperliquid by TVL.
Here’s how it works:
- You deposit USDC and choose the assets you want your strategy to focus on (HYPE, PUMP, FARTCOIN, SOL, etc.)
- Liminal opens a long spot position and an equal-sized short perpetual position on the selected assets.
- This setup cancels out market exposure while capturing yield from the funding rate
- The strategy is fully automated: including rebalancing, liquidation protection, and trade execution
As you can see in the chart, $PUMP represents a significant share of Liminal’s TVL, and that’s no surprise.
Since integration, it delivered the highest APY at 38%, all through a delta-neutral strategy.
Time to deposit ?
In our view, Liminal is especially compelling during bullish market periods like the one we’re currently in.
As more traders go long, the funding rate increases, meaning short positions receive higher payouts. This dynamic benefits protocols like Liminal.
As shown in the chart below, Liminal’s daily P&L has significantly increased over recent weeks, reflecting both higher market activity and favorable funding conditions.
Final Thoughts
Since July 22 and the launch of Epoch 1, Liminal is now open to everyone. If you’re looking to put your profits to work, regardless of market direction, now could be a great time to explore Liminal which has delivered approximately 14% APY over the past 90 days.
If you’d like to support our work while getting started with Liminal, feel free to use our referral link: https://liminal.money/join/GLC
It’ll help us tremendously.
Disclaimer
This research note has been prepared based on GLC’s current market outlook and convictions regarding the cryptocurrency market. It is critical to emphasize that investing in cryptocurrencies and digital assets involves significant risk due to their inherent volatility and unpredictability.
The information provided here is for educational and informational purposes only and should not be interpreted as financial or investment advice. Market trends and projections are subject to change due to unforeseen events, and volatility may lead to substantial price fluctuations.
We strongly encourage you to perform your own due diligence and research before making any investment decisions. Nothing in this document should be considered an endorsement to buy or sell any particular asset.
Never invest more than you are willing to lose, and ensure that you fully understand the risks associated with this market.
GLC assumes no responsibility for any losses incurred as a result of using this information.
As always, DYOR.
