Hibachi
Innovative perpetual DEX with unique features
Farming Overview
Key Statistics
How to Farm Hibachi
- Trade perpetuals for points
- Stake tokens
- Participate in governance
Why Farm Hibachi?
- Very early stage with <1,000 DAU — minimal competition for points
- Zero maker fees make limit-order farming extremely cost-effective
- Strong VC backing: Dragonfly, Electric Capital, ARC (Circle's VC arm)
- 1M points distributed weekly, 1 point box per $10K volume
- No token yet — pre-TGE accumulation phase
- One of the least-farmed perp DEXs with asymmetric upside potential
About Hibachi
Hibachi is a privacy-first perpetual futures DEX built as a sovereign ZK rollup using Succinct for zero-knowledge proofs and Celestia for data availability. It operates on Arbitrum and Base with an off-chain CLOB achieving 6ms roundtrip latency. Backed by a $5M seed from Dragonfly Capital, Electric Capital, and Echo, the team includes alumni from Citadel, Tower Research, IMC, Meta, and Google.
Fee Structure
Key Features
- ZK proofs via Succinct with encrypted data blobs on Celestia
- Portfolio margin by default on all accounts
- Up to 50x leverage with cross-margin support
- Forced withdrawal guarantees if sequencer goes down
- Flash Markets for trending asset perpetuals
- Sub-accounts share master account's fee tier
Similar Perp DEX Protocols
Frequently Asked Questions
What is Hibachi and how does it work?
Hibachi is a privacy-first perpetual futures DEX built as a sovereign ZK rollup using Succinct for zero-knowledge proofs and Celestia for data availability. It operates on Arbitrum and Base with an off-chain CLOB achieving 6ms roundtrip latency. Backed by a $5M seed from Dragonfly Capital, Electric Capital, and Echo, the team includes alumni from Citadel, Tower Research, IMC, Meta, and Google.
How do I farm the Hibachi airdrop?
To farm the Hibachi airdrop, you should: Trade perpetuals for points. Stake tokens. Participate in governance. Hibachi is currently in the early farming stage with farming active airdrop status.
What is the expected value of the Hibachi airdrop?
The Hibachi airdrop has an expected value rating of 1 out of 5 ($). The farming stage is early and the airdrop status is farming active. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.
Why should I farm Hibachi?
Very early stage with <1,000 DAU — minimal competition for points Zero maker fees make limit-order farming extremely cost-effective Strong VC backing: Dragonfly, Electric Capital, ARC (Circle's VC arm)