Liquid
NYC-based trading platform for leveraged and spot crypto trading across Hyperliquid, Ostium, and Lighter
Farming Overview
Key Statistics
How to Farm Liquid
- Trade perpetuals and spot to earn seasonal points
- Deposit into HLP Vault for ~10% APY yield
- Refer friends for up to 50% of their trading fees
- Use TWAP orders for large position execution
- Set TP/SL on all positions for risk management
Why Farm Liquid?
- $7.6M seed led by Paradigm and General Catalyst, closed in 5 days โ angels from Brevan Howard, Coinbase cofounder
- Multi-farm stacking: one trade earns Liquid points + underlying DEX points (Lighter, Ostium) + potential HYPE Season 2
- Founded by Franklyn Wang, former Chief AI Scientist of Futures at Two Sigma
- Season 1 live distributing 100K points weekly โ no token yet, positioning early users for high-value TGE
- $500M+ cumulative volume aggregating across Hyperliquid, Lighter, and Ostium
- Riding the perp DEX aggregator meta โ similar to how 1inch captured DEX aggregation value on spot
About Liquid
Liquid is a trading platform based in New York City, built by technologists and traders from Two Sigma, SIG, Bloomberg, and D.E. Shaw. Available on iOS, Android, and Web, it enables leveraged multiplier trading (e.g. 40x on BTC) and spot purchases across Hyperliquid, Ostium, and Lighter venues. Features include real-time news with one-click trading, HLP Vaults yielding ~10% APY, and TWAP execution for large orders.
Fee Structure
Key Features
- Multiplier trading โ risk less with up to 40x leverage exposure
- Spot trading for BTC, ETH, SOL, and HYPE
- TWAP execution with randomized timing to prevent front-running
- TP/SL via numerical, visual, or post-trade editing
- Real-time news feed with integrated one-click trading
- HLP Vaults: ~10% APY routed to Hyperliquid's native LP strategy (4-day lockup)
Points Program
- Season 0: 600K points (May 1 โ Nov 3)
- Season 0.5: 200K points (Nov 3 โ Nov 17)
- Season 1: 100K points distributed weekly (from Nov 18)
- Allocation based on proprietary formula proportional to contribution
- Referral program: earn up to 50% of referred users' fees
- Referred friends receive 10% fee discount
Similar Perp DEX Protocols
Frequently Asked Questions
What is Liquid and how does it work?
Liquid is a trading platform based in New York City, built by technologists and traders from Two Sigma, SIG, Bloomberg, and D.E. Shaw. Available on iOS, Android, and Web, it enables leveraged multiplier trading (e.g. 40x on BTC) and spot purchases across Hyperliquid, Ostium, and Lighter venues. Features include real-time news with one-click trading, HLP Vaults yielding ~10% APY, and TWAP execution for large orders.
How do I farm the Liquid airdrop?
To farm the Liquid airdrop, you should: Trade perpetuals and spot to earn seasonal points. Deposit into HLP Vault for ~10% APY yield. Refer friends for up to 50% of their trading fees. Use TWAP orders for large position execution. Liquid is currently in the early farming stage with farming active airdrop status.
What is the expected value of the Liquid airdrop?
The Liquid airdrop has an expected value rating of 3 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 Liquid?
$7.6M seed led by Paradigm and General Catalyst, closed in 5 days โ angels from Brevan Howard, Coinbase cofounder Multi-farm stacking: one trade earns Liquid points + underlying DEX points (Lighter, Ostium) + potential HYPE Season 2 Founded by Franklyn Wang, former Chief AI Scientist of Futures at Two Sigma